Cognex’s (CGNX) “Neutral” Rating Reiterated at DA Davidson

by · The Markets Daily

DA Davidson reiterated their neutral rating on shares of Cognex (NASDAQ:CGNX – Free Report) in a report published on Wednesday,Benzinga reports. DA Davidson currently has a $65.00 price target on the scientific and technical instruments company’s stock.

Several other brokerages also recently issued reports on CGNX. Truist Financial raised their price objective on shares of Cognex from $71.00 to $78.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Cantor Fitzgerald upped their target price on shares of Cognex from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Barclays reissued an “overweight” rating and issued a $80.00 price target (up from $75.00) on shares of Cognex in a report on Monday, August 10th. Citigroup restated a “neutral” rating and issued a $74.00 price target (up from $72.00) on shares of Cognex in a research report on Friday, August 7th. Finally, Seaport Research Partners set a $75.00 price objective on shares of Cognex in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Cognex has a consensus rating of “Moderate Buy” and an average price target of $75.50.

Read Our Latest Stock Report on CGNX

Cognex Stock Performance

NASDAQ CGNX opened at $58.66 on Wednesday. The stock has a 50-day simple moving average of $62.17 and a 200 day simple moving average of $60.42. Cognex has a twelve month low of $34.60 and a twelve month high of $72.88. The stock has a market capitalization of $9.87 billion, a PE ratio of 56.95 and a beta of 1.49.

Cognex (NASDAQ:CGNX – Get Free Report) last released its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The firm had revenue of $291.26 million for the quarter, compared to analyst estimates of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The company’s revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. As a group, equities research analysts forecast that Cognex will post 1.68 EPS for the current fiscal year.

Cognex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were given a dividend of $0.0850 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.6%. Cognex’s payout ratio is currently 33.01%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. bought a new stake in Cognex in the 2nd quarter valued at $214,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Cognex during the 2nd quarter worth about $268,000. IPG Investment Advisors LLC acquired a new stake in shares of Cognex during the 2nd quarter valued at about $313,000. Integrated Wealth Concepts LLC boosted its position in shares of Cognex by 53.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,916 shares of the scientific and technical instruments company’s stock valued at $1,153,000 after acquiring an additional 5,519 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in Cognex by 6.3% in the second quarter. NewEdge Advisors LLC now owns 8,981 shares of the scientific and technical instruments company’s stock valued at $650,000 after acquiring an additional 535 shares during the period. 88.12% of the stock is owned by institutional investors.

About Cognex

(Get Free Report)

Cognex Corporation (NASDAQ: CGNX) develops machine vision technologies that help businesses automate inspection, identification, measurement and guidance tasks. Its systems enable manufacturing and logistics operations to analyze images and make decisions about products, components and packages.

The company’s product portfolio includes industrial cameras, vision sensors, barcode readers, three-dimensional vision systems and machine vision software. Cognex also offers artificial intelligence and deep-learning tools designed to address complex inspection and classification applications, along with engineering, implementation and support services.

Founded in 1981 by Robert J.

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