What is DA Davidson’s Forecast for Cognex Q4 Earnings?

Cognex Co. (NASDAQ:CGNX) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of Cognex in a report released on Tuesday, November 5th. DA Davidson analyst M. Summerville forecasts that the scientific and technical instruments company will post earnings of $0.04 per share for the quarter. DA Davidson has a “Neutral” rating and a $39.00 price objective on the stock. The consensus estimate for Cognex’s current full-year earnings is $0.43 per share.

Several other equities research analysts have also recently weighed in on CGNX. Truist Financial cut shares of Cognex from a “buy” rating to a “hold” rating and lowered their price target for the stock from $46.00 to $43.00 in a research report on Tuesday. StockNews.com upgraded Cognex from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Vertical Research assumed coverage on Cognex in a report on Tuesday, July 23rd. They issued a “buy” rating and a $58.00 price target on the stock. Needham & Company LLC reduced their price target on Cognex from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, The Goldman Sachs Group dropped their price objective on Cognex from $45.00 to $39.00 and set a “sell” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.92.

Cognex Trading Down 2.5 %

Shares of Cognex stock opened at $39.84 on Wednesday. Cognex has a 12 month low of $34.79 and a 12 month high of $53.13. The stock’s fifty day moving average price is $39.43 and its 200-day moving average price is $42.99. The firm has a market cap of $6.83 billion, a P/E ratio of 76.62 and a beta of 1.40.

Cognex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.08 per share. This is a positive change from Cognex’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.80%. Cognex’s payout ratio is presently 61.54%.

Insider Activity

In related news, CFO Dennis Fehr bought 6,570 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of $38.04 per share, for a total transaction of $249,922.80. Following the purchase, the chief financial officer now directly owns 6,570 shares of the company’s stock, valued at approximately $249,922.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Cognex

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new position in shares of Cognex in the third quarter worth about $25,000. BI Asset Management Fondsmaeglerselskab A S raised its position in Cognex by 303.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 770 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 579 shares during the last quarter. GAMMA Investing LLC lifted its stake in Cognex by 276.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,087 shares of the scientific and technical instruments company’s stock valued at $51,000 after acquiring an additional 798 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Cognex in the 2nd quarter valued at $55,000. Finally, Signaturefd LLC increased its stake in shares of Cognex by 43.2% in the second quarter. Signaturefd LLC now owns 1,704 shares of the scientific and technical instruments company’s stock worth $80,000 after acquiring an additional 514 shares during the period. Institutional investors and hedge funds own 88.12% of the company’s stock.

About Cognex

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.