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How to buy Cognex Corporation stock (CGNX)

Buy Cognex Corporation stock in 5 easy steps, view past price performance and learn what’s ahead for the company.

Cognex Corporation is a scientific & technical instruments business based in the US. Cognex Corporation shares (CGNX) are listed on the NASDAQ and all prices are listed in US Dollars. Cognex Corporation employs 2,992 staff and has a trailing 12-month revenue of around $847.2 million.

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Cognex Corporation stock price (NASDAQ: CGNX)

Use our graph to track the performance of CGNX stocks over time.

Cognex Corporation shares at a glance

Information last updated 2024-06-30.
Latest market close$47.28
52-week range$34.09 - $59.09
50-day moving average $44.83
200-day moving average $40.62
Wall St. target price$49.00
PE ratio 82.0351
Dividend yield $0.29 (0.64%)
Earnings per share (TTM) $0.57

Is it a good time to buy Cognex Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Cognex Corporation price performance over time

Historical closes compared with the close of $47.28 from 2024-07-05

1 week (2024-06-28) 1.11%
1 month (2024-06-06) 7.72%
3 months (2024-04-05) 16.97%
6 months (2024-01-05) 24.91%
1 year (2023-07-06) -13.07%
2 years (2022-07-06) 7.02%
3 years (2021-07-06) 84.79
5 years (2019-07-05) 10.07%

Is Cognex Corporation stock undervalued or overvalued?

Valuing Cognex Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cognex Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Cognex Corporation's P/E ratio

Cognex Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 82x. In other words, Cognex Corporation shares trade at around 82x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Cognex Corporation's PEG ratio

Cognex Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.85. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Cognex Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Cognex Corporation's EBITDA

Cognex Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $141.1 million.

The EBITDA is a measure of a Cognex Corporation's overall financial performance and is widely used to measure a its profitability.

Cognex Corporation financials

Revenue TTM $847.2 million
Operating margin TTM 7.36%
Gross profit TTM $721.9 million
Return on assets TTM 3.64%
Return on equity TTM 6.79%
Profit margin 11.76%
Book value $8.68
Market Capitalization $8 billion

TTM: trailing 12 months

Cognex Corporation share dividends

42%

Dividend payout ratio: 42.14% of net profits

Recently Cognex Corporation has paid out, on average, around 42.14% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.64% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Cognex Corporation shareholders could enjoy a 0.64% return on their shares, in the form of dividend payments. In Cognex Corporation's case, that would currently equate to about $0.29 per share.

While Cognex Corporation's payout ratio might seem fairly standard, it's worth remembering that Cognex Corporation may be investing much of the rest of its net profits in future growth.

Cognex Corporation's most recent dividend payout was on 29 May 2024. The latest dividend was paid out to all shareholders who bought their shares by 14 May 2024 (the "ex-dividend date").

Have Cognex Corporation's shares ever split?

Cognex Corporation's shares were split on a 2:1 basis on 3 December 2017. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Cognex Corporation shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Cognex Corporation shares which in turn could have impacted Cognex Corporation's share price.

Cognex Corporation share price volatility

Over the last 12 months, Cognex Corporation's shares have ranged in value from as little as $34.0904 up to $59.0933. A popular way to gauge a stock's volatility is its "beta".

CGNX.US volatility(beta: 1.45)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Cognex Corporation's is 1.446. This would suggest that Cognex Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Cognex Corporation overview

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. The company offers VisionPro software, a suite of patented vision tools for advanced programming; QuickBuild that allows customers to build vision applications with a graphical, flowchart-based programming interface; and Cognex deep learning vision software. It also provides a range of inspection tasks, including part location, identification, measurement, assembly verification, and robotic guidance; vision sensors for vision applications, such as checking the presence and size of parts; and the In-Sight product line of vision systems and sensors. In addition, the company offers DataMan, an image-based barcode readers and barcode verifiers. It sells its products to automotive, logistics, consumer electronics, medical-related, semiconductor, consumer products, food and beverage, and others, as well as through a network of distributors and integrators. The company was incorporated in 1981 and is headquartered in Natick, Massachusetts.

Frequently asked questions

What percentage of Cognex Corporation is owned by insiders or institutions?
Currently 0.246% of Cognex Corporation shares are held by insiders and 96.27% by institutions.
How many people work for Cognex Corporation?
Latest data suggests 2,992 work at Cognex Corporation.
When does the fiscal year end for Cognex Corporation?
Cognex Corporation's fiscal year ends in December.
Where is Cognex Corporation based?
Cognex Corporation's address is: One Vision Drive, Natick, MA, United States, 01760-2059
What is Cognex Corporation's ISIN number?
Cognex Corporation's international securities identification number is: US1924221039
What is Cognex Corporation's CUSIP number?
Cognex Corporation's Committee on Uniform Securities Identification Procedures number is: 192422103

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