Q4 Earnings Estimate for Cognex Issued By DA Davidson

Cognex Co. (NASDAQ:CGNX) – Stock analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of Cognex in a research note issued on Tuesday, November 5th. DA Davidson analyst M. Summerville anticipates that the scientific and technical instruments company will post earnings per share of $0.04 for the quarter. DA Davidson currently has a “Neutral” rating and a $39.00 price target on the stock. The consensus estimate for Cognex’s current full-year earnings is $0.43 per share.

Several other equities research analysts also recently commented on CGNX. Vertical Research began coverage on shares of Cognex in a research report on Tuesday, July 23rd. They set a “buy” rating and a $58.00 target price for the company. The Goldman Sachs Group decreased their price objective on Cognex from $45.00 to $39.00 and set a “sell” rating for the company in a report on Friday, August 2nd. Robert W. Baird dropped their target price on Cognex from $46.00 to $42.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. Truist Financial cut Cognex from a “buy” rating to a “hold” rating and cut their target price for the company from $46.00 to $43.00 in a research report on Tuesday. Finally, Stephens raised Cognex from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $45.00 to $55.00 in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Cognex has an average rating of “Hold” and an average target price of $47.91.

Cognex Trading Up 1.1 %

CGNX opened at $43.05 on Wednesday. Cognex has a 1-year low of $34.79 and a 1-year high of $53.13. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 82.79 and a beta of 1.40. The company’s fifty day moving average price is $39.57 and its two-hundred day moving average price is $42.99.

Institutional Trading of Cognex

A number of large investors have recently bought and sold shares of CGNX. Vanguard Group Inc. grew its stake in shares of Cognex by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 17,522,549 shares of the scientific and technical instruments company’s stock worth $743,307,000 after acquiring an additional 188,485 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Cognex by 153.6% in the first quarter. BNP Paribas Financial Markets now owns 134,516 shares of the scientific and technical instruments company’s stock worth $5,706,000 after purchasing an additional 81,467 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Cognex by 13.4% in the first quarter. ProShare Advisors LLC now owns 209,091 shares of the scientific and technical instruments company’s stock valued at $8,870,000 after purchasing an additional 24,675 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Cognex by 362.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 508,724 shares of the scientific and technical instruments company’s stock valued at $21,623,000 after buying an additional 398,746 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Cognex by 2.5% in the 1st quarter. Lazard Asset Management LLC now owns 2,154,625 shares of the scientific and technical instruments company’s stock worth $91,399,000 after buying an additional 53,267 shares during the period. 88.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cognex

In related news, CFO Dennis Fehr acquired 6,570 shares of the stock in a transaction on Wednesday, September 4th. The shares were acquired at an average price of $38.04 per share, with a total value of $249,922.80. Following the completion of the transaction, the chief financial officer now owns 6,570 shares in the company, valued at approximately $249,922.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.30% of the stock is owned by company insiders.

Cognex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be issued a $0.08 dividend. This is an increase from Cognex’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 14th. Cognex’s payout ratio is 57.69%.

Cognex Company Profile

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.