DA Davidson Has Pessimistic View of Cognex FY2025 Earnings

Cognex Co. (NASDAQ:CGNX) – Analysts at DA Davidson lowered their FY2025 EPS estimates for Cognex in a note issued to investors on Wednesday, February 19th. DA Davidson analyst M. Summerville now anticipates that the scientific and technical instruments company will post earnings per share of $0.61 for the year, down from their prior estimate of $0.67. The consensus estimate for Cognex’s current full-year earnings is $0.62 per share.

Other equities research analysts have also recently issued reports about the company. Truist Financial reiterated a “hold” rating and issued a $37.00 target price (down from $43.00) on shares of Cognex in a research note on Friday, February 14th. Stephens restated an “overweight” rating and set a $55.00 price objective on shares of Cognex in a research note on Thursday, January 2nd. HSBC cut shares of Cognex from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Friday. Cantor Fitzgerald upgraded shares of Cognex to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Needham & Company LLC cut their price objective on shares of Cognex from $47.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $44.83.

Cognex Stock Performance

CGNX stock opened at $32.80 on Friday. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 53.77 and a beta of 1.40. Cognex has a 1 year low of $32.35 and a 1 year high of $53.13. The stock’s fifty day moving average is $37.35 and its two-hundred day moving average is $38.74.

Cognex (NASDAQ:CGNX) last announced its quarterly earnings data on Wednesday, February 12th. The scientific and technical instruments company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Cognex had a return on equity of 5.65% and a net margin of 11.61%.

Cognex Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, February 27th. Cognex’s payout ratio is 52.46%.

Insider Buying and Selling at Cognex

In other Cognex news, CTO Joerg Kuechen sold 2,934 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $37.75, for a total value of $110,758.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in Cognex by 3.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,836 shares of the scientific and technical instruments company’s stock valued at $281,000 after purchasing an additional 262 shares during the last quarter. CIBC Asset Management Inc boosted its position in Cognex by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 5,616 shares of the scientific and technical instruments company’s stock valued at $201,000 after purchasing an additional 270 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in Cognex by 50.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 885 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 295 shares during the last quarter. Global Retirement Partners LLC boosted its position in Cognex by 30.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,346 shares of the scientific and technical instruments company’s stock valued at $48,000 after purchasing an additional 317 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Cognex by 0.6% during the fourth quarter. Arizona State Retirement System now owns 49,749 shares of the scientific and technical instruments company’s stock valued at $1,784,000 after purchasing an additional 320 shares during the last quarter. 88.12% of the stock is currently owned by 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.