Cognex (CGNX)

• Market cap: $5.57B
• 1 day: -1.86%
• 5 days: -3.47%
• 1 month: -20.09%
• 3 months: -16.38%
• 6 months: -18.07%
• Year to date: -8.18%
• 1 year: -17.22%
• 5 years: -35.02%
• 10 years: 55.50%
• 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 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: 2,914

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

38% more call options, than puts

Call options by funds: $2.67M | Put options by funds: $1.94M

13% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 61

1% more repeat investments, than reductions

Existing positions increased: 149 | Existing positions reduced: 147

0.29% less ownership

Funds ownership: 89.93% [Q3] → 89.64% (-0.29%) [Q4]

1% less funds holding

Funds holding: 438 [Q3] → 433 (-5) [Q4]

12% less capital invested

Capital invested by funds: $6.25B [Q3] → $5.51B (-$737M) [Q4]

29% less funds holding in top 10

Funds holding in top 10: 7 [Q3] → 5 (-2) [Q4]

Research analyst outlook

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

• Low target: $35 7% upside
• Avg. target: $44 35% upside
• High target: $56 71% upside

8 analyst ratings

• positive: 4 50%
• neutral: 3 38%
• negative: 1 13%

Goldman Sachs Joe Ritchie 55% 1-year accuracy 16 / 29 met price target	7% upside $35	Sell Maintained	18 Feb 2025
UBS Damian Karas 71% 1-year accuracy 12 / 17 met price target	71% upside $56	Buy Maintained	18 Feb 2025
Baird Richard Eastman 68% 1-year accuracy 15 / 22 met price target	16% upside $38	Neutral Maintained	18 Feb 2025
Truist Securities Jamie Cook 60% 1-year accuracy 54 / 90 met price target	13% upside $37	Hold Reiterated	14 Feb 2025
Needham James Ricchiuti 45% 1-year accuracy 54 / 120 met price target	25% upside $41	Buy Maintained	14 Feb 2025