Cognex (CGNX)

• Market cap: $6.11B
• 1 day: -1.22%
• 5 days: -0.67%
• 1 month: -11.73%
• 3 months: -12.10%
• 6 months: -23.28%
• Year to date: -11.75%
• 1 year: -11.75%
• 5 years: -36.61%
• 10 years: 69.77%
• Sector: Industrials
• Industry: Industrial Instruments for Measurement, Display, and Control

About: Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's own cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. ID products read codes that have been applied to items during the manufacturing process. Cognex generates the maximum proportion of its sales in the United States and Europe.

Employees: 2,992

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

4% more repeat investments, than reductions

Existing positions increased: 151 | Existing positions reduced: 145

2% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 60

0% more funds holding

Funds holding: 436 [Q2] → 437 (+1) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q2] → 7 (+0) [Q3]

2.12% less ownership

Funds ownership: 92.05% [Q2] → 89.93% (-2.12%) [Q3]

12% less call options, than puts

Call options by funds: $2.21M | Put options by funds: $2.5M

15% less capital invested

Capital invested by funds: $7.39B [Q2] → $6.25B (-$1.14B) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $42 18% upside
• Avg. target: $46 29% upside
• High target: $49 38% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Cantor Fitzgerald Troy Jensen 34% 1-year accuracy 11 / 32 met price target	38% upside $49	Overweight Initiated	19 Dec 2024
Truist Securities Jamie Cook 66% 1-year accuracy 53 / 80 met price target	18% upside $42	Hold Maintained	19 Dec 2024
Needham James Ricchiuti 56% 1-year accuracy 60 / 107 met price target	32% upside $47	Buy Maintained	1 Nov 2024