Cognex (NASDAQ:CGNX) Earns Buy Rating from Needham & Company LLC

Cognex (NASDAQ:CGNX)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $80.00 price target on the scientific and technical instruments company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 33.56% from the company’s current price.

A number of other equities analysts have also recently commented on the company. UBS Group set a $75.00 target price on Cognex in a report on Tuesday, May 26th. Cantor Fitzgerald boosted their price target on shares of Cognex from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. raised shares of Cognex from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $65.00 to $75.00 in a research report on Tuesday, May 26th. HSBC lowered shares of Cognex from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Monday, August 10th. Finally, Seaport Research Partners set a $75.00 price objective on shares of Cognex in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Cognex has a consensus rating of “Moderate Buy” and a consensus price target of $75.64.

Cognex Stock Down 6.7%

NASDAQ:CGNX opened at $59.90 on Tuesday. The stock’s fifty day moving average is $63.04 and its two-hundred day moving average is $60.08. Cognex has a 52 week low of $34.60 and a 52 week high of $72.88. The stock has a market capitalization of $10.08 billion, a price-to-earnings ratio of 58.16 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last issued its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $291.26 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $0.25 earnings per share. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. On average, sell-side analysts expect that Cognex will post 1.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Cognex

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Cognex during the second quarter worth about $1,158,123,000. California State Teachers Retirement System increased its stake in shares of Cognex by 7,134.0% during the second quarter. California State Teachers Retirement System now owns 14,032,461 shares of the scientific and technical instruments company’s stock worth $1,016,231,000 after buying an additional 13,838,483 shares during the period. Geode Capital Management LLC raised its holdings in Cognex by 27.1% in the fourth quarter. Geode Capital Management LLC now owns 3,950,299 shares of the scientific and technical instruments company’s stock valued at $142,154,000 after acquiring an additional 842,783 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Cognex by 81.0% in the first quarter. Janus Henderson Group PLC now owns 2,660,411 shares of the scientific and technical instruments company’s stock valued at $130,320,000 after acquiring an additional 1,190,434 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new position in Cognex in the second quarter worth approximately $161,425,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

About Cognex

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.