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Cognex Corp Stock Research

CGNX

48.58USD+0.88(+1.84%)Market Closed

Market Summary

USD48.58+0.88
Market Closed
1.84%

CGNX Alerts

CGNX Stock Price

CGNX RSI Chart

CGNX Valuation

Market Cap

8.4B

Price/Earnings (Trailing)

38.91

Price/Sales (Trailing)

8.34

EV/EBITDA

30.73

Price/Free Cashflow

37.48

CGNX Price/Sales (Trailing)

CGNX Profitability

EBT Margin

24.92%

Return on Equity

14.98%

Return on Assets

11.01%

Free Cashflow Yield

2.67%

CGNX Fundamentals

CGNX Revenue

Revenue (TTM)

1.0B

Revenue Y/Y

-1.9%

Revenue Q/Q

14.22%

CGNX Earnings

Earnings (TTM)

215.5M

Earnings Y/Y

3.32%

Earnings Q/Q

62.78%

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

Current Ratio

3.82

CGNX Investor Care

Dividend Yield

0.55%

Dividend/Share (TTM)

0.27

Buy Backs (1Y)

1.62%

Diluted EPS (TTM)

1.23

Peers (Alternatives to Cognex)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
33.7B
5.4B
-16.06% 3.20%
30.02
6.23
9.69% 25.73%
14.9B
5.8B
-9.79% -25.66%
30.01
2.57
2.74% -44.68%
12.2B
3.7B
-12.70% -26.09%
27.15
3.32
0.47% -8.73%
10.5B
34.5B
-4.28% 43.93%
10.76
0.3
15.08% 32.70%
MID-CAP
8.4B
1.0B
-11.86% -28.23%
38.91
8.34
-2.99% -22.99%
7.9B
1.2B
-4.23% 12.59%
42.97
6.37
-0.48% -28.07%
6.6B
-
9.93% -44.73%
57.31
4.28
- -
5.8B
1.4B
3.27% 3.32%
52.51
4.04
-2.14% -60.52%
3.4B
565.6M
-5.77% 21.12%
51.05
6
11.95% 9.22%
2.4B
1.8B
-9.11% 10.55%
-245.01
1.33
-9.39% 88.02%
SMALL-CAP
65.1M
39.6M
10.08% -19.88%
-5
1.64
-25.76% -2699.14%
41.9M
23.3M
7.85% 5.66%
-22.82
1.8
-4.57% 8.07%
38.6M
44.9M
-8.39% 1.16%
5.48
0.86
33.24% 260.69%
30.0M
756.0K
-5.00% -39.68%
-5.3
39.74
2.53% 33.48%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-0.5%1,0061,0111,0861,0801,037
Gross Profit-0.7%722727774778760
  S&GA Expenses-2.2%312319321318309
  R&D Expenses1.2%141139140137135
EBITDA0.6%267266315344-
EBITDA Margin1.0%0.27*0.26*0.29*0.32*-
Earnings Before Taxes0.5%251249299328319
EBT Margin1.0%0.25*0.25*0.28*0.30*-
Net Income0.8%216214259277280
Net Income Margin1.3%0.21*0.21*0.24*0.26*-
Free Cahsflow5.5%224212193247-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.0%1,9581,9001,9431,9342,004
  Current Assets-8.9%718787735673640
    Cash Equivalents-31.8%181266177166186
  Inventory12.8%12210996.00137113
  Net PPE0.4%80.0079.0079.0078.0078.00
  Goodwill2.2%243238240241242
Liabilities1.7%520511553575574
  Current Liabilities16.4%188161192195189
Shareholder's Equity3.5%1,4381,3891,3901,3591,430
  Retained Earnings3.4%528511512489563
  Additional Paid-In Capital1.9%979960947933915
Accumulated Depreciation-97.00----
Shares Outstanding-0.2%173173173174175
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations4.8%243232213265314
  Share Based Compensation4.8%49.0047.0044.00--
Cashflow From Investing-102.6%-4.4517171.00-42.51-252
Cashflow From Financing26.9%-240-328-316-297-141
  Dividend Payments1.4%46.0045.0045.0044.0043.00
  Buy Backs-30.0%204292295286162

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 ascendingFund NameType% 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%

1–10 of 45

Latest Funds Activity

Are funds buying CGNX calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CGNX
No. of Funds

Cognex News

MarketBeat

Riverbridge Partners LLC Buys 207375 Shares of Cognex Co ....

MarketBeat,
59 minutes ago

Marketscreener.com

Schedule 13G FIlings of Cognex

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

Robert J. Willett
2260
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

2022-12-31
CONSOLIDATED 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 revenue284,185277,271206,421
Gross margin721,905759,827604,599
Research, development, and engineering expenses141,133135,372130,982
Selling, general, and administrative expenses312,107309,354267,593
Loss from Catastrophes20,77900
Restructuring charges1,657015,924
Intangible asset impairment charges0019,571
Operating income246,229315,101170,529
Foreign currency gain (loss)(1,837)(2,270)3,697
Investment income6,7156,66012,994
Other income (expense)(412)(591)(309)
Income before income tax expense250,695318,900186,911
Income tax expense on continuing operations35,17039,01910,725
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)173,407176,463173,489
Diluted (in shares)174,869179,916176,592
Cash dividends per common share (in dollars per share)[1]$ 0.265$ 0.245$ 2.225
[1]172,440 

CGNX Balance Sheet

2022-12-31
CONSOLIDATED 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 2021218,759,000137,455,000
Accounts receivable, allowance for credit losses of $730 and $776 in 2022 and 2021, respectively125,417,000130,348,000
Unbilled revenue2,179,0003,990,000
Inventories122,480,000113,102,000
Prepaid expenses and other current assets67,490,00068,742,000
Total current assets717,699,000639,798,000
Non-current investments, amortized cost of $476,148 and $587,981 in 2022 and 2021, respectively, allowance for credit losses of $0 in 2022 and 2021454,117,000583,748,000
Property, plant, and equipment, net79,714,00077,546,000
Operating lease assets37,682,00023,157,000
Goodwill242,630,000241,713,000
Intangible assets, net12,414,00011,888,000
Deferred income taxes407,241,000418,570,000
Other assets6,643,0007,242,000
Total assets1,958,140,0002,003,662,000
Current liabilities:  
Accounts payable27,103,00044,051,000
Accrued expenses93,235,00092,432,000
Accrued income taxes18,129,0008,577,000
Deferred revenue and customer deposits40,787,00035,743,000
Operating lease liabilities8,454,0007,786,000
Total current liabilities187,708,000188,589,000
Non-current operating lease liabilities31,298,00017,795,000
Deferred income taxes249,961,000293,769,000
Reserve for income taxes15,866,00014,780,000
Non-current accrued income taxes33,008,00043,160,000
Other liabilities1,905,00015,476,000
Total liabilities519,746,000573,569,000
Commitments and contingencies (Note 11)
Authorized shares (in shares)400,000400,000
Preferred stock par value (in dollars per share)$ 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, $0.002 par value – Authorized: 300,000 shares in 2022 and 2021, respectively, issued and outstanding: 172,631 and 175,481 shares in 2022 and 2021, respectively345,000351,000
Additional paid-in capital979,167,000914,802,000
Retained earnings528,179,000562,882,000
Accumulated other comprehensive loss, net of tax(69,297,000)(47,942,000)
Total shareholders’ equity1,438,394,0001,430,093,000
Total liabilities and shareholders' equity$ 1,958,140,000$ 2,003,662,000