Cantor Fitzgerald Predicts Cognex FY2025 Earnings

Cognex Co. (NASDAQ:CGNX) – Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for Cognex in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst T. Jensen anticipates that the scientific and technical instruments company will earn $0.67 per share for the year. Cantor Fitzgerald currently has a “Strong-Buy” rating on the stock. The consensus estimate for Cognex’s current full-year earnings is $0.38 per share.

Several other research analysts have also recently weighed in on the stock. Citigroup reduced their price target on shares of Cognex from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Stephens reiterated an “overweight” rating and set a $55.00 target price on shares of Cognex in a report on Thursday, January 2nd. Needham & Company LLC cut their price target on Cognex from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Truist Financial increased their price objective on Cognex from $42.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.92.

Cognex Stock Performance

Shares of CGNX opened at $40.38 on Wednesday. The stock has a 50 day simple moving average of $38.10 and a 200 day simple moving average of $40.35. Cognex has a 52-week low of $34.79 and a 52-week high of $53.13. The firm has a market capitalization of $6.93 billion, a PE ratio of 77.66 and a beta of 1.40.

Hedge Funds Weigh In On Cognex

Several institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Cognex by 9.4% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,055 shares of the scientific and technical instruments company’s stock worth $164,000 after buying an additional 349 shares during the period. Advisors Asset Management Inc. lifted its position in Cognex by 123.1% during the third quarter. Advisors Asset Management Inc. now owns 714 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 394 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Cognex by 1.7% during the fourth quarter. Pacer Advisors Inc. now owns 25,685 shares of the scientific and technical instruments company’s stock worth $921,000 after acquiring an additional 422 shares during the period. First Horizon Advisors Inc. grew its position in shares of Cognex by 20.1% in the third quarter. First Horizon Advisors Inc. now owns 2,732 shares of the scientific and technical instruments company’s stock valued at $111,000 after purchasing an additional 457 shares during the last quarter. Finally, Fiduciary Trust Co increased its stake in shares of Cognex by 9.6% during the third quarter. Fiduciary Trust Co now owns 5,443 shares of the scientific and technical instruments company’s stock worth $220,000 after purchasing an additional 475 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Joerg Kuechen sold 2,934 shares of Cognex stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $37.75, for a total transaction of $110,758.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony Sun sold 26,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $40.03, for a total value of $1,040,780.00. Following the completion of the sale, the director now owns 26,608 shares in the company, valued at $1,065,118.24. This represents a 49.42 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Cognex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Thursday, November 14th. This is an increase from Cognex’s previous quarterly dividend of $0.08. Cognex’s dividend payout ratio is presently 61.54%.

About Cognex

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.