Inside the research
Cognex Corporation
CGNX Research profile · latest available data
Price overview
$58.66
▲ +0.96 (+1.7%)
| 52w hi | $72.32 |
|---|---|
| 52w lo | $34.65 |
| Vol | 1.69M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.45
| Short | +0.12 |
|---|---|
| Medium | +0.68 |
| Long | +0.65 |
computed 2026-09-27
Key fundamentals
Cognex Corporation
Technology · Scientific & Technical Instruments
| Market cap | $9.87B |
|---|---|
| Enterprise value | $9.54B |
| Trailing P/E | 56.95x |
| Forward P/E | 29.05x |
| EV / EBITDA | 35.66x |
| P / S (ttm) | 9.06x |
| Profit margin | 16.1% |
| Return on equity | 11.1% |
| Revenue growth | +16.9% |
| Earnings growth | +79.2% |
| Debt / equity | 4.45 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.26 | |
| Sector | +0.19 | |
| Technical | +0.04 | |
| Earnings | +0.00 | |
| Sentiment | +0.25 |
macro × 1.00 · 2026-09-27
Business overview
Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks in the United States, Europe, Greater China, and internationally. Its machine vision products are used to automate the manufacture and distribution of discrete items, such as mobile phones, automotive components, and e-commerce packages, by locating, identifying, inspecting, and measuring them. The company offers VisionPro software, a suite of patented vision tools for traditional rule-based tools and deep learning-enabled tools for advanced programming; vision systems that combine smart cameras and software to perform a wide range of tasks, including part location, identification, measurement, assembly verification, and robotic guidance; OneVision, a cloud-based platform designed to transform how manufacturers build, train, and scale AI-powered vision applications; In-Sight product line of vision systems and sensors; QuickBuild, which allows customers to build vision applications with a graphical and flowchart-based programming interface; DataMan, an image-based barcode reader for fixed-mount and handheld models, as well as barcode verifiers; and vision accessories, such as industrial cameras, lenses, lighting, vision controllers, frame grabbers, and I/O cards. It sells its products to the automotive, logistics, packaging, consumer electronics, medical-related, semiconductor, and consumer products industries. The company was incorporated in 1981 and is headquartered in Natick, Massachusetts.
Risk Metrics
| Beta vs SPX | 1.48 |
|---|---|
| Corr SPX | 0.46 |
| Annual vol | 52.1% |
| Annual ret | +32.4% |
| Sharpe | 0.62 |
| Max DD | -45.9% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $73.10 |
|---|---|
| High / Low | $94.00 / $55.00 |
| Median | $73.50 |
| Analysts | 20 |
| Strong Buy | 4 | |
|---|---|---|
| Buy | 11 | |
| Hold | 6 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-08 | Truist Securities | → Hold |
| 2026-05-08 | Needham | → Buy |
| 2026-05-08 | JP Morgan | → Neutral |
| 2026-05-08 | Citigroup | → Neutral |
| 2026-05-07 | Stephens & Co. | → Overweight |
| 2026-04-20 | Truist Securities | → Hold |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-05 | Earnings Release, Other Material Event… | read |
| 2026-05-06 | Earnings Release, Other Material Event… | read |
| 2026-04-30 | Officer / Director Change, Shareholder Vote… | read |
| 2026-02-17 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-02-11 | Earnings Release, Other Material Event… | read |
| 2025-11-03 | Auditor Change, Exhibits | read |
| 2025-10-29 | Earnings Release, Other Material Event… | read |
| 2025-07-30 | Earnings Release, Other Material Event… | read |
| 2025-05-01 | Shareholder Vote | read |
| 2025-04-30 | Earnings Release, Officer / Director Change… | read |
| 2025-02-20 | Officer / Director Change, Bylaws Amendment… | read |
| 2025-02-12 | Earnings Release, Other Material Event… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-11 | Moschner Matthew | CEO & President | Sell | 1.60K | $104.58K |
| 2026-08-11 | Moschner Matthew | CEO & President | Option exercise | 4.00K | $205.96K |
| 2026-08-11 | Moschner Matthew | CEO & President | Option exercise | 1.60K | $90.30K |
| 2026-08-11 | Moschner Matthew | CEO & President | Option exercise | 7.00K | $299.88K |
| 2026-08-11 | Moschner Matthew | CEO & President | Sell | 7.00K | $445.27K |
| 2026-08-11 | Moschner Matthew | CEO & President | Sell | 8.36K | $532.00K |
| 2026-08-11 | Moschner Matthew | CEO & President | Sell | 4.00K | $261.44K |
| 2026-08-07 | Moschner Matthew | CEO & President | Option exercise | 5.00K | — |
| 2026-08-07 | Long Darren Marc | Vice President | Withheld for tax | 734 | $49.10K |
| 2026-08-07 | Long Darren Marc | Vice President | Option exercise | 2.50K | — |
Flow & Concentration
| Insider 180d net | -$16.32M |
|---|---|
| Insider buys / sells | 0 / 25 |
| Insider bias | Sellers |
| 13F holders | 9 |
| Top-5 share | 95.3% |
| HHI | 3,273 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $392.46M | 5.42M |
| AQR Capital Management | $101.95M | 1.46M |
| Millennium Management | $98.56M | 1.36M |
| Capital Research / Capital World | $81.69M | 1.13M |
| Renaissance Technologies | $37.48M | 517.56K |
| Fidelity / FMR LLC | $21.59M | 298.06K |
| Citadel Advisors | $12.83M | 177.20K |
| T. Rowe Price Group | $453.03K | 6.26M |
| Bridgewater Associates | $359.42K | 4.96K |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.29% |
|---|---|
| $ / share (TTM) | $0.17 |
| 5y CAGR | -31.9% |
Annual dividend per share
| 2021 | $0.24 |
|---|---|
| 2022 | $0.27 |
| 2023 | $0.29 |
| 2024 | $0.30 |
| 2025 | $0.33 |
| 2026 | $0.09 |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $837.55M | +7.3% | |
| Gross profit | $601.24M | +7.2% | |
| Operating income | $162.57M | +14.3% | |
| Net income | $114.44M | +10.0% | |
| Cash from ops | $149.08M | +6.4% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $57.79 | $58.94 | $57.60 | $58.66 | 1.69M |
| Sep 24 | $57.32 | $58.28 | $57.10 | $57.70 | 1.30M |
| Sep 23 | $58.26 | $59.36 | $57.54 | $58.19 | 1.85M |
| Sep 22 | $63.39 | $63.39 | $58.08 | $58.97 | 2.42M |
| Sep 21 | $62.92 | $62.96 | $61.29 | $61.99 | 1.55M |
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