Cognex · Tech
CGNX
$64.07
Cognex Corporation is an American manufacturer of machine vision systems, software and sensors used in automated manufacturing to inspect and identify parts, detect defects, verify product assembly, and guide assembly robots.CognexCorporation是一家美国制造商，生产用于自动化制造的机器视觉系统、软件和传感器，以检测和识别零件、发现缺陷、验证产品装配并引导装配机器人。
Rate-sensitive利率敏感
Large cap大盘
$11B
Engine stance引擎立场2026-07-20
Constructive — building a base建设性 — 正在筑底
Setup almost complete — likely buy trigger in ~1–3 trading days if it closes back above its 10-day average.形态接近完成——若收盘重新站上 10 日均线，预计将在约 1–3 个交易日内出现买入触发。
Key Statistics关键统计
Price价格
$64.07
11.5% below 52-week high低于52周高点 11.5%
Market Cap市值
$11B
Normal volume正常成交量
P/E Ratio市盈率
93.5x
40.2x sector median
Beta贝塔
1.75
Moves about 1.8x the market波动幅度约为市场的 1.8 倍
RSI (14)RSI（14）
48
Neutral zone中性区域
Next Earnings下次财报
2026-07-29 (10d)
Volatility Rank波动率分位
69th pctile
hist. vol. percentile历史波动率分位数
Short Interest空头兴趣
4.8% of float
Performance价格表现
| Period周期 | CGNX | S&P 500 | vs Index对比指数 |
|---|---|---|---|
| 1 Week近1周 | -4.1% | -1.5% | Lagged the index by 2.6 points落后指数 2.6 个百分点 |
| 1 Month近1月 | -1.1% | +0.6% | Lagged the index by 1.7 points落后指数 1.7 个百分点 |
| 3 Months近3月 | +15.6% | +4.7% | Beat the index by 10.9 points跑赢指数 10.9 个百分点 |
| 6 Months近6月 | +57.0% | +7.8% | Beat the index by 49.2 points跑赢指数 49.2 个百分点 |
| Year to date年初至今 | +74.0% | +9.1% | Beat the index by 64.9 points跑赢指数 64.9 个百分点 |
| 1 Year近1年 | +90.8% | +19.4% | Beat the index by 71.4 points跑赢指数 71.4 个百分点 |
| 3 Years近3年 | +11.2% | +69.4% | Lagged the index by 58.2 points落后指数 58.2 个百分点 |
Technicals技术面
RSI (14)RSI（14）
48
Neutral zone中性区域
vs 50-day相对50日均线
-1.6% vs 50-day avg
vs 200-day相对200日均线
+27.9% vs 200-day avg
Volatility rank波动率分位
69th percentile 分位
Engine reference levels — not advice引擎参考水平 — 非投资建议
Buy zone买入区间
$63.09
Don't chase above不追高于
$65.16
Stop止损
$62.11
Buy soon — on confirmation即将买入 — 待确认
Earnings财务业绩
10
days until next report天后公布财报
2026-07-29
Estimates being raised — 3 analysts预期上调 — 3 位分析师
Post-earnings drift: -5.0% (20d)财报后漂移：-5.0%（20日）
Earnings call transcripts — coming soon财报电话会议记录 — 即将上线
Valuation估值
| Multiple指标 | CGNX | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 93.49x | 40.17 | 18% |
| P/B市净率 | 7.17x | 5.85 | 41% |
| P/S市销率 | 10.76x | 4.85 | 18% |
| Earnings yield盈利收益率 | 1.07% | 2.19 | 30% |
| FCF yield自由现金流收益率 | 2.21% | 3.05 | 38% |
| Shareholder yield股东收益率 | 1.92% | 2.16 | 47% |
| EV/EBITDA企业价值/EBITDA | 57.08x | 29.30 | 25% |
| P/FCF市值/自由现金流 | 45.19x | 30.46 | 32% |
Analyst price targets — coming soon分析师目标价 — 即将上线
Financials财务数据
Revenue营业收入
5yr CAGR5年复合增速: 4.2%
Earnings Per Share每股收益
5yr CAGR5年复合增速: -7.4%
Free Cash Flow自由现金流
Margins利润率
7.7%Return on Equity股本回报率
5.7%Return on Assets资产回报率
Leverage杠杆
| Net debt / EBITDA净债务/EBITDA | -1.44 |
| Current ratio流动比率 | 3.80 |
Capital Allocation资本配置
| Buybacks (TTM)回购（TTM） | $151.2M |
| Stock-based comp股权薪酬 | $48.5M |
| Share count change (1y)股数变化（1年） | -2.0% |
Piotroski皮奥特罗斯基 7/8
Altman Z阿尔特曼Z: safe (13.6)
Watch关注
Snapshot Gauges综合指标
Valuation vs Sector估值相对行业
Expensive vs sector相对行业偏贵
Cheaper than 28% of its sector on blended multiples综合估值倍数低于行业内 28% 的公司
Beta市场敏感度
1.75×
0.21×3×
Moves about 1.8× the market波动幅度约为市场的 1.8 倍
Financial Health财务健康
7/8
Altman阿尔特曼: safe
Strong financial health财务健康状况良好
Dividend分红
—
Does not pay a dividend不派发股息
Why Is It Moving为何波动
Sector / Theme行业/主题
Robotics & Automation theme — #32 of 46 themes「机器人与自动化」主题 — 46 个主题中第 32 位
Macro宏观
Rate risk runs through its market / growth beta, not a distinct duration leg.其利率风险通过市场／成长beta体现，并无独立的久期暴露。
Positioning持仓
Short interest changed +22.1%空头仓位变动 +22.1%
Technical技术面
BOTTOMING → UNCONFIRMED TURN筑底中 → 未确认转向
Options Positioning期权持仓
Market makers are net long gamma — price pinned near current level做市商净持有正伽玛，价格倾向于在当前水平附近震荡
Expected daily move预期日波动
±4.49%
Expected weekly move预期周波动
±10.05%
Call wall看涨密集区
$70
Put wall看跌密集区
$60
Gamma flip伽玛翻转
$54
25d risk reversal25d风险逆转
-2.0%
Flow资金流向
$0M premium traded; 0% 0DTE; P/C 0.45; ~leans bullish (direction approx)成交权利金 $0M；0DTE占0%；看跌看涨比 0.45；≈偏看涨（方向近似）
Skew: 偏斜：balanced
Ownership & Smart Money持仓与聪明钱
Insider activity内部人员活动: -$18.5M net (0 buyers, 6 sellers)-$18.5M 净值（0 买家，6 卖家）
Concentrated ownership集中持仓
| Fund基金 | Grade评级 | Activity动作 | % of portfolio组合占比 | As of截至 |
|---|---|---|---|---|
| Engaged Capital | B | trimtrim | 7.8% | 2026-03-31 |
Signal History信号历史
TURN SIGNALED
BOTTOMING
Jul 15, 2026
BOTTOMING → UNCONFIRMED TURN筑底中 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Jul 7, 2026
BUY ZONE → BOTTOMING买入区 → 筑底中
BUY SETUP买入预备
Jul 7, 2026
CGNX daily MACD crossed downCGNX 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $64.21.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$64.21。
Jul 6, 2026
NEARING A HIGH → BUY ZONE接近高点 → 买入区
BUY买入
Jul 2, 2026
UPTREND → NEARING A HIGH上涨趋势 → 接近高点
TAKE PROFITS止盈
Jun 30, 2026
BOTTOMING → UPTREND筑底中 → 上涨趋势
HOLD持有
Jun 29, 2026
CGNX made a new 52-week highCGNX 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $68.36.价格创出52周新高 — 全市场关注的动量/趋势极值。$68.36。
Jun 26, 2026
UPTREND → BOTTOMING上涨趋势 → 筑底中
BUY SETUP买入预备
Jun 26, 2026
CGNX daily MACD crossed upCGNX 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $66.56.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$66.56。
Showing last 15 of显示最近15条，共 256 signals条信号
Factor Profile因子特征
Composite factor score综合因子得分: -0.35
Value价值
-0.9
Profitability盈利能力
+0.1
Quality质量
+0.2
Investment资本投入
+0.4
Shareholder payout股东回报
-0.5
Low volatility低波动
-1.4
Low market beta低市场敏感度
-1.2
Earnings quality盈利质量
+0.3
Short interest空头兴趣
+0.4
Company Profile公司档案
Cognex Corporation is an American manufacturer of machine vision systems, software and sensors used in automated manufacturing to inspect and identify parts, detect defects, verify product assembly, and guide assembly robots.CognexCorporation是一家美国制造商，生产用于自动化制造的机器视觉系统、软件和传感器，以检测和识别零件、发现缺陷、验证产品装配并引导装配机器人。
Watch items — what could change the thesis关注项 — 可能改变论点的因素
- Margin compression despite revenue growth
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