Cognex (NASDAQ:CGNX) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Cognex (NASDAQ:CGNX) in a report published on Monday, Marketbeat reports. The brokerage issued a neutral rating and a $45.00 target price on the scientific and technical instruments company’s stock.

Several other analysts have also weighed in on CGNX. The Goldman Sachs Group boosted their target price on shares of Cognex from $29.00 to $32.00 and gave the company a “sell” rating in a research note on Thursday, June 12th. KeyCorp upgraded shares of Cognex from a “sector weight” rating to an “overweight” rating and set a $50.00 target price for the company in a research note on Friday, August 1st. DA Davidson boosted their target price on shares of Cognex from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Melius upgraded shares of Cognex from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Thursday, July 10th. Finally, UBS Group boosted their target price on shares of Cognex from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Cognex Price Performance

CGNX opened at $44.16 on Monday. The stock has a market capitalization of $7.41 billion, a PE ratio of 62.20 and a beta of 1.50. The firm’s fifty day moving average price is $40.06 and its 200 day moving average price is $33.12. Cognex has a 12-month low of $22.67 and a 12-month high of $45.23.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Cognex had a net margin of 13.13% and a return on equity of 6.65%. The firm had revenue of $249.09 million for the quarter, compared to analysts’ expectations of $246.70 million. During the same period in the prior year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. On average, equities research analysts forecast that Cognex will post 0.61 earnings per share for the current fiscal year.

Cognex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 14th. Cognex’s dividend payout ratio is presently 45.07%.

Insider Buying and Selling

In other Cognex news, EVP Sheila Marie Dipalma sold 2,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $45.03, for a total transaction of $90,060.00. Following the completion of the sale, the executive vice president directly owned 6,582 shares of the company’s stock, valued at approximately $296,387.46. This represents a 23.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Cognex

Hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its stake in Cognex by 51.3% during the first quarter. Teacher Retirement System of Texas now owns 48,640 shares of the scientific and technical instruments company’s stock valued at $1,451,000 after buying an additional 16,489 shares in the last quarter. GAMMA Investing LLC lifted its stake in Cognex by 155.3% during the first quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company’s stock valued at $32,000 after buying an additional 646 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in Cognex by 7.4% during the first quarter. OneDigital Investment Advisors LLC now owns 7,698 shares of the scientific and technical instruments company’s stock valued at $230,000 after buying an additional 532 shares in the last quarter. Scientech Research LLC lifted its stake in Cognex by 93.8% during the first quarter. Scientech Research LLC now owns 29,828 shares of the scientific and technical instruments company’s stock valued at $890,000 after buying an additional 14,434 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in Cognex during the first quarter valued at about $369,000. 88.12% of the stock is owned by hedge funds and other institutional investors.

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.