Cognex (NASDAQ:CGNX) Releases Earnings Results, Misses Expectations By $0.01 EPS

Cognex (NASDAQ:CGNX) posted its earnings results on Wednesday. The scientific and technical instruments company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01), Zacks reports. Cognex had a net margin of 10.10% and a return on equity of 5.28%. Cognex updated its Q1 2025 guidance to EPS.

Cognex Price Performance

NASDAQ CGNX opened at $39.25 on Thursday. The company has a market cap of $6.73 billion, a P/E ratio of 75.48 and a beta of 1.40. Cognex has a 12 month low of $34.98 and a 12 month high of $53.13. The company has a 50-day moving average of $37.96 and a 200-day moving average of $39.22.

Cognex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.82%. Cognex’s payout ratio is 61.54%.

Insider Buying and Selling

In related news, Director Anthony Sun sold 26,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $40.03, for a total value of $1,040,780.00. Following the transaction, the director now directly owns 26,608 shares of the company’s stock, valued at approximately $1,065,118.24. This trade represents a 49.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Joerg Kuechen sold 2,934 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.75, for a total value of $110,758.50. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CGNX shares. Cantor Fitzgerald raised shares of Cognex to a “strong-buy” rating in a research note on Friday, December 20th. Stephens reiterated an “overweight” rating and issued a $55.00 price target on shares of Cognex in a research report on Thursday, January 2nd. Truist Financial lifted their price objective on Cognex from $42.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Citigroup lowered their target price on Cognex from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, Needham & Company LLC cut their price target on Cognex from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Cognex currently has a consensus rating of “Moderate Buy” and an average price target of $47.92.

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.