Cognex Corporation (CGNX)

Cognex Corp.'s stock price has experienced movements influenced by earnings reports and analyst revisions. In October 2025, the stock dropped 12% following conservative guidance, despite exceeding expectations. Analyst activities include UBS Group reiterating a "buy" rating, DA Davidson setting a "neutral" rating, JPMorgan Chase & Co. lowering its price objective, Goldman Sachs Group upgrading Cognex to a "buy" rating, and Barclays setting an "overweight" rating. Cognex's stock has delivered a 4.96% change over the past year, with a 52-week range between $22.67 and $49.76.

Cognex Corporation experiences demand seasonality, typically observing a revenue increase from Q1 to Q2. Revenue from consumer electronics has an annual cadence, while EV battery revenue can be "lumpy." More typical seasonality is expected to return in Q4, potentially resulting in a high single-digit sequential revenue decline. Logistics revenue has shown consistent double-digit growth, driven by large e-commerce players.

Cognex Corporation specializes in machine vision systems, software, and sensors, operating within the Electronic Technology sector. Their products automate manufacturing and distribution tasks, enabling industries to inspect, identify, and measure items, detect defects, verify assembly, and guide robots. Major products include vision systems and sensors, vision software like VisionPro and QuickBuild, ID readers (DataMan), vision accessories, and deep learning solutions.

Cognex Corporation is headquartered in Natick, Massachusetts, USA, with offices in over 20 countries. Approximately 67% of its revenue comes from outside the United States, with Europe accounting for about 24%, Greater China for approximately 18%, and other regions contributing around 25%.

Cognex has a strong brand reputation as a market leader in the machine vision industry, built on innovation and deep domain expertise. The company is recognized for solving complex manufacturing and logistics problems and maintains a strong corporate culture. Despite its strong reputation, Cognex has faced near-term headwinds due to weakness in key end markets like automotive and consumer electronics.

Cognex Corporation's ownership is diversified among institutional investors, individual shareholders, and company insiders, with institutional investors holding a significant portion (88.12%). Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Nordea Investment Management Ab, Pictet Asset Management Holding SA, iShares Core S&P Mid-Cap ETF (IJH), Vanguard Total Stock Market Index Fund Investor Shares (VTSMX), State Street Corp, Disciplined Growth Investors Inc /mn, Vanguard Small-Cap Index Fund Investor Shares (NAESX), and Price T Rowe Associates Inc /md/.