CognexCGNX
Market Cap: 8.53B
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 Q1 SEC filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 4 [Q4 2023] → 6 (+2) [Q1 2024]
36% more call options, than puts
Call options by funds: $18M | Put options by funds: $13.3M
25% more repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 127
0% less capital invested
Capital invested by funds: $6.31B [Q4 2023] → $6.3B (-$18.6M) [Q1 2024]
1.47% less ownership
Funds ownership: 87.84% [Q4 2023] → 86.38% (-1.47%) [Q1 2024]
8% less funds holding
Funds holding: 440 [Q4 2023] → 406 (-34) [Q1 2024]
45% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 76
Research analyst outlook
12 Wall Street Analysts provided 1 year price forecasts over the past 6 months
12 analyst ratings
Vertical Research Kevin McCarthy | 17%upside $58 | Buy Initiated | 23 Jul 2024 |
Truist Securities Jamie Cook | 11%upside $55 | Buy Maintained | 2 Jul 2024 |
HSBC Helen Fang | 5%upside $52 | Buy Upgraded | 7 May 2024 |
Truist Securities Jamie Cook | 1%upside $50 | Buy Reiterated | 7 May 2024 |
Goldman Sachs Joe Ritchie | 17%downside $41 | Sell Maintained | 6 May 2024 |
Financial journalist opinion
Based on 9 articles about CGNX published over the past 30 days