CognexCGNX
Market Cap: $6.56B
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 Q2 SEC filings by fund managers ($100M+ AUM)
45% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 49
17% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 7 (+1) [Q2]
14% more capital invested
Capital invested by funds: $6.37B [Q1] → $7.25B (+$879M) [Q2]
5% more funds holding
Funds holding: 411 [Q1] → 433 (+22) [Q2]
2.91% more ownership
Funds ownership: 87.35% [Q1] → 90.26% (+2.91%) [Q2]
6% more repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 137
27% less call options, than puts
Call options by funds: $4.59M | Put options by funds: $6.3M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
DA Davidson Matthew Summerville 100% 1-year accuracy 3 / 3 met price target | 2%upside $39 | Neutral Maintained | 5 Aug 2024 |
Stephens & Co. Tommy Moll 92% 1-year accuracy 22 / 24 met price target | 18%upside $45 | Equal-Weight Reiterated | 5 Aug 2024 |
Baird Richard Eastman 44% 1-year accuracy 7 / 16 met price target | 10%upside $42 | Neutral Maintained | 5 Aug 2024 |
Goldman Sachs Joe Ritchie 68% 1-year accuracy 15 / 22 met price target | 2%upside $39 | Sell Maintained | 2 Aug 2024 |
Truist Securities Jamie Cook 62% 1-year accuracy 29 / 47 met price target | 20%upside $46 | Buy Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 5 articles about CGNX published over the past 30 days