Market Summary
USD48.58+0.88
Market Closed1.84%
CGNX Alerts
CGNX Stock Price
CGNX RSI Chart
CGNX Valuation
CGNX Price/Sales (Trailing)
CGNX Profitability
CGNX Fundamentals
CGNX Revenue
CGNX Earnings
Price Action
52 Week Range
40.1579.97
(Low)(High)
Last 7 days
-1.9%
Last 30 days
-11.9%
Last 90 days
-3.4%
Trailing 12 Months
-28.2%
CGNX Financial Health
CGNX Investor Care
Peers (Alternatives to Cognex)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
KEYS | 33.7B | 5.4B | -16.06% | 3.20% | 30.02 | 6.23 | 9.69% | 25.73% |
ZBRA | 14.9B | 5.8B | -9.79% | -25.66% | 30.01 | 2.57 | 2.74% | -44.68% |
TRMB | 12.2B | 3.7B | -12.70% | -26.09% | 27.15 | 3.32 | 0.47% | -8.73% |
JBL | 10.5B | 34.5B | -4.28% | 43.93% | 10.76 | 0.3 | 15.08% | 32.70% |
| MID-CAP | ||||||||
CGNX | 8.4B | 1.0B | -11.86% | -28.23% | 38.91 | 8.34 | -2.99% | -22.99% |
DLB | 7.9B | 1.2B | -4.23% | 12.59% | 42.97 | 6.37 | -0.48% | -28.07% |
COHR | 6.6B | - | 9.93% | -44.73% | 57.31 | 4.28 | - | - |
IPGP | 5.8B | 1.4B | 3.27% | 3.32% | 52.51 | 4.04 | -2.14% | -60.52% |
BMI | 3.4B | 565.6M | -5.77% | 21.12% | 51.05 | 6 | 11.95% | 9.22% |
ITRI | 2.4B | 1.8B | -9.11% | 10.55% | -245.01 | 1.33 | -9.39% | 88.02% |
| SMALL-CAP | ||||||||
FEIM | 65.1M | 39.6M | 10.08% | -19.88% | -5 | 1.64 | -25.76% | -2699.14% |
DAIO | 41.9M | 23.3M | 7.85% | 5.66% | -22.82 | 1.8 | -4.57% | 8.07% |
WTT | 38.6M | 44.9M | -8.39% | 1.16% | 5.48 | 0.86 | 33.24% | 260.69% |
CLIR | 30.0M | 756.0K | -5.00% | -39.68% | -5.3 | 39.74 | 2.53% | 33.48% |
ELSE | 16.1M | 9.0M | 3.25% | -15.24% | 1.6K | 1.78 | 9.50% | -95.54% |
Financials for Cognex
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -0.5% | 1,006 | 1,011 | 1,086 | 1,080 | 1,037 |
| Gross Profit | -0.7% | 722 | 727 | 774 | 778 | 760 |
| S&GA Expenses | -2.2% | 312 | 319 | 321 | 318 | 309 |
| R&D Expenses | 1.2% | 141 | 139 | 140 | 137 | 135 |
| EBITDA | 0.6% | 267 | 266 | 315 | 344 | - |
| EBITDA Margin | 1.0% | 0.27* | 0.26* | 0.29* | 0.32* | - |
| Earnings Before Taxes | 0.5% | 251 | 249 | 299 | 328 | 319 |
| EBT Margin | 1.0% | 0.25* | 0.25* | 0.28* | 0.30* | - |
| Net Income | 0.8% | 216 | 214 | 259 | 277 | 280 |
| Net Income Margin | 1.3% | 0.21* | 0.21* | 0.24* | 0.26* | - |
| Free Cahsflow | 5.5% | 224 | 212 | 193 | 247 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 3.0% | 1,958 | 1,900 | 1,943 | 1,934 | 2,004 |
| Current Assets | -8.9% | 718 | 787 | 735 | 673 | 640 |
| Cash Equivalents | -31.8% | 181 | 266 | 177 | 166 | 186 |
| Inventory | 12.8% | 122 | 109 | 96.00 | 137 | 113 |
| Net PPE | 0.4% | 80.00 | 79.00 | 79.00 | 78.00 | 78.00 |
| Goodwill | 2.2% | 243 | 238 | 240 | 241 | 242 |
| Liabilities | 1.7% | 520 | 511 | 553 | 575 | 574 |
| Current Liabilities | 16.4% | 188 | 161 | 192 | 195 | 189 |
| Shareholder's Equity | 3.5% | 1,438 | 1,389 | 1,390 | 1,359 | 1,430 |
| Retained Earnings | 3.4% | 528 | 511 | 512 | 489 | 563 |
| Additional Paid-In Capital | 1.9% | 979 | 960 | 947 | 933 | 915 |
| Accumulated Depreciation | - | 97.00 | - | - | - | - |
| Shares Outstanding | -0.2% | 173 | 173 | 173 | 174 | 175 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 4.8% | 243 | 232 | 213 | 265 | 314 |
| Share Based Compensation | 4.8% | 49.00 | 47.00 | 44.00 | - | - |
| Cashflow From Investing | -102.6% | -4.45 | 171 | 71.00 | -42.51 | -252 |
| Cashflow From Financing | 26.9% | -240 | -328 | -316 | -297 | -141 |
| Dividend Payments | 1.4% | 46.00 | 45.00 | 45.00 | 44.00 | 43.00 |
| Buy Backs | -30.0% | 204 | 292 | 295 | 286 | 162 |
Risks for CGNX
What is the probability of a big loss on CGNX?
95%
Probability that Cognex stock will be more than 20% underwater in next one year
63.5%
Probability that Cognex stock will be more than 30% underwater in next one year.
22.7%
Probability that Cognex stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CGNX drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Cognex was unfortunately bought at previous high price.
Drawdowns
Returns for CGNX
Cumulative Returns on CGNX
17.3%
10-Year Cumulative Returns
14.5%
7-Year Cumulative Returns
-2.0%
5-Year Cumulative Returns
3.5%
3-Year Cumulative Returns
What are the long-term rolling returns for CGNX?
FIve years rolling returns for Cognex.
Annualized Returns
Which funds bought or sold CGNX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -21.29 | -199,610 | 1,691,390 | -% |
2023-03-10 | BAILLIE GIFFORD & CO | new | - | 49,564,400 | 49,564,400 | 0.05% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -0.96 | 47,000 | 423,000 | -% |
2023-03-02 | LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA | new | - | 3,251 | 3,251 | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -0.91 | 614,996 | 5,487,000 | 0.01% |
2023-02-24 | National Pension Service | unchanged | - | 15,744 | 150,140 | -% |
2023-02-24 | SRS Capital Advisors, Inc. | unchanged | - | -152 | 848 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 152,000 | 1,264,000 | 0.01% |
2023-02-22 | CVA Family Office, LLC | new | - | 236 | 236 | -% |
2023-02-22 | Front Street Capital Management, Inc. | reduced | -1.74 | 4,664,000 | 44,607,000 | 10.72% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
CGNX Alerts
Cognex News
Schedule 13G FIlings of Cognex
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 9.31% | 16,096,871 | SC 13G/A | |
| Jan 27, 2023 | bank of new york mellon corp | 6.64% | 11,478,797 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.9% | 17,119,328 | SC 13G/A | |
| Feb 14, 2022 | brown capital management llc | 4.16% | 7,353,138 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 8.93% | 15,784,705 | SC 13G/A | |
| Feb 01, 2022 | bank of new york mellon corp | 6.24% | 11,024,224 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 10.9% | 19,214,328 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 10.9% | 19,214,328 | SC 13G/A | |
| Feb 12, 2021 | brown capital management llc | 5.19% | 9,056,949 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.87% | 15,497,855 | SC 13G/A |
CGNX Fair Value
Cognex fair value in different scenarios
The table shows the Fair Value estimates for Cognex for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 16.65 -65.73% | 22.14 -54.43% | 30.13 -37.98% | 44.64 -8.11% | 54.91 13.03% |
| Current Inflation | 15.53 -68.03% | 20.26 -58.30% | 27.02 -44.38% | 39.32 -19.06% | 48.02 -1.15% |
| Very High Inflation | 14.13 -70.91% | 17.98 -62.99% | 23.33 -51.98% | 33.11 -31.84% | 40.03 -17.60% |
Historical Cognex Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Cognex
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 07, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 5 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for CGNX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-06 | ALIAS PATRICK | acquired | 73,150 | 16.72 | 4,375 | - |
2023-03-06 | ALIAS PATRICK | sold | -216,676 | 49.526 | -4,375 | - |
2023-03-03 | ALIAS PATRICK | sold | -29,700 | 49.5 | -600 | - |
2023-02-23 | KRANTZ THEODOR | sold | -41,026 | 48.04 | -854 | - |
2023-02-22 | DiPalma Sheila Marie | acquired | - | - | 1,553 | evp, employee services |
2023-02-22 | PARROTTE DIANNE M | acquired | - | - | 854 | - |
2023-02-22 | DiPalma Sheila Marie | sold (taxes) | -25,236 | 46.82 | -539 | evp, employee services |
2023-02-22 | KRANTZ THEODOR | acquired | - | - | 854 | - |
2023-02-22 | Sennett Marjorie T. | acquired | - | - | 854 | - |
2023-02-22 | Lawande Sachin | acquired | - | - | 854 | - |
Cognex Corporation provides machine vision products that capture and analyze visual information in order 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, aspirin bottles, and automobile tires 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 consumer electronics, automotive, consumer products, food and beverage, pharmaceuticals, and medical devices industries, as well as through a network of distributors and integrators. Cognex Corporation was incorporated in 1981 and is headquartered in Natick, Massachusetts.
CGNX Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |||
| Income Statement [Abstract] | |||||
| Revenue | $ 1,006,090 | $ 1,037,098 | $ 811,020 | ||
| Cost of revenue | 284,185 | 277,271 | 206,421 | ||
| Gross margin | 721,905 | 759,827 | 604,599 | ||
| Research, development, and engineering expenses | 141,133 | 135,372 | 130,982 | ||
| Selling, general, and administrative expenses | 312,107 | 309,354 | 267,593 | ||
| Loss from Catastrophes | 20,779 | 0 | 0 | ||
| Restructuring charges | 1,657 | 0 | 15,924 | ||
| Intangible asset impairment charges | 0 | 0 | 19,571 | ||
| Operating income | 246,229 | 315,101 | 170,529 | ||
| Foreign currency gain (loss) | (1,837) | (2,270) | 3,697 | ||
| Investment income | 6,715 | 6,660 | 12,994 | ||
| Other income (expense) | (412) | (591) | (309) | ||
| Income before income tax expense | 250,695 | 318,900 | 186,911 | ||
| Income tax expense on continuing operations | 35,170 | 39,019 | 10,725 | ||
| Net income | $ 215,525 | $ 279,881 | $ 176,186 | ||
| Net Income per weighted-average common and common-equivalent share: | |||||
| Net income (in dollars per share) | $ 1.24 | $ 1.59 | $ 1.02 | ||
| Diluted earnings per weighted-average common and common-equivalent share (1): | |||||
| Net income (in dollars per share) | $ 1.23 | $ 1.56 | $ 1.00 | ||
| Weighted-average common and common-equivalent shares outstanding: | |||||
| Basic (in shares) | 173,407 | 176,463 | 173,489 | ||
| Diluted (in shares) | 174,869 | 179,916 | 176,592 | ||
| Cash dividends per common share (in dollars per share) | [1] | $ 0.265 | $ 0.245 | $ 2.225 | |
| |||||
CGNX Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 181,374,000 | $ 186,161,000 |
| Current investments, amortized cost of $223,545 and $137,124 in 2022 and 2021, respectively, allowance for credit losses of $0 in 2022 and 2021 | 218,759,000 | 137,455,000 |
| Accounts receivable, allowance for credit losses of $730 and $776 in 2022 and 2021, respectively | 125,417,000 | 130,348,000 |
| Unbilled revenue | 2,179,000 | 3,990,000 |
| Inventories | 122,480,000 | 113,102,000 |
| Prepaid expenses and other current assets | 67,490,000 | 68,742,000 |
| Total current assets | 717,699,000 | 639,798,000 |
| Non-current investments, amortized cost of $476,148 and $587,981 in 2022 and 2021, respectively, allowance for credit losses of $0 in 2022 and 2021 | 454,117,000 | 583,748,000 |
| Property, plant, and equipment, net | 79,714,000 | 77,546,000 |
| Operating lease assets | 37,682,000 | 23,157,000 |
| Goodwill | 242,630,000 | 241,713,000 |
| Intangible assets, net | 12,414,000 | 11,888,000 |
| Deferred income taxes | 407,241,000 | 418,570,000 |
| Other assets | 6,643,000 | 7,242,000 |
| Total assets | 1,958,140,000 | 2,003,662,000 |
| Current liabilities: | ||
| Accounts payable | 27,103,000 | 44,051,000 |
| Accrued expenses | 93,235,000 | 92,432,000 |
| Accrued income taxes | 18,129,000 | 8,577,000 |
| Deferred revenue and customer deposits | 40,787,000 | 35,743,000 |
| Operating lease liabilities | 8,454,000 | 7,786,000 |
| Total current liabilities | 187,708,000 | 188,589,000 |
| Non-current operating lease liabilities | 31,298,000 | 17,795,000 |
| Deferred income taxes | 249,961,000 | 293,769,000 |
| Reserve for income taxes | 15,866,000 | 14,780,000 |
| Non-current accrued income taxes | 33,008,000 | 43,160,000 |
| Other liabilities | 1,905,000 | 15,476,000 |
| Total liabilities | 519,746,000 | 573,569,000 |
| Commitments and contingencies (Note 11) | ||
| Authorized shares (in shares) | 400,000 | 400,000 |
| Preferred stock par value (in dollars per share) | $ 0.01 | $ 0.01 |
| Shareholders’ equity: | ||
| Preferred stock, $0.01 par value - Authorized: 400 shares in 2022 and 2021, respectively, no shares issued and outstanding | $ 0 | $ 0 |
| Common stock, $0.002 par value – Authorized: 300,000 shares in 2022 and 2021, respectively, issued and outstanding: 172,631 and 175,481 shares in 2022 and 2021, respectively | 345,000 | 351,000 |
| Additional paid-in capital | 979,167,000 | 914,802,000 |
| Retained earnings | 528,179,000 | 562,882,000 |
| Accumulated other comprehensive loss, net of tax | (69,297,000) | (47,942,000) |
| Total shareholders’ equity | 1,438,394,000 | 1,430,093,000 |
| Total liabilities and shareholders' equity | $ 1,958,140,000 | $ 2,003,662,000 |