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Ray DalioReduced
Bridgewater Associates · Q2 2026
$359.42K
4.96K shares · 0.0% of portfolio
Cognex Corp
Cognex Corp (CGNX) is listed on NASDAQ and classified in Scientific & Technical Instruments, part of the Technology sector. It is headquartered in Natick, United States and has 2,745 employees. The company is worth $9.19B and trades at 52.5x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $994.36M in fiscal 2025, up 8.7% from the year before. Net income was $114.44M. The share price is 25.1% below its 52-week high of $72.88. It pays a dividend yielding 0.62%, and has raised its annual dividend for 10 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Steve Cohen (Point72 Asset Management), at $183.37M. In that quarter, 2 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -30.1% over 5Y.
today you would have $636.94▼ -36.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $35.98 | $35.86 | $41.74 | $47.11 | $77.76 | $80.29 | $56.04 | $38.67 | $61.16 | $31.81 | $16.89 | $20.67 | $19.09 | $9.20 | $8.95 | $7.36 | $4.43 | $3.70 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 28.0 among peers in the sector.
Median P/E of 38.3 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| GTLBGitlab Inc. | $54.53 | — | 9.9x | 0.00% | -5.74% | $9.09B |
| RMBSRambus Inc | $85.73 | 42.7x | 6.3x | 0.00% | 17.79% | $9.3B |
| PCORProcore Technologies Inc | $62.29 | — | 7.4x | 0.00% | -3.12% | $9.47B |
| LFUSLittelfuse Inc | $350.28 |
| P/E | 38.3x | 52.9x | 57.8x | 64.2x | 38.3x | 49.8x | 80.3x | 48.3x | 31.2x | 62.4x | 38.3x | 15.9x | 30.4x | 46.0x | 23.6x | 21.8x | 19.4x | — | 22.4x |
| P/S | 8.1x | 6.0x | 6.7x | 8.6x | 8.1x | 13.0x | 17.4x | 13.3x | 8.2x | 13.9x | 10.3x | 6.4x | 8.4x | 10.8x | 4.9x | 4.7x | 4.2x | 4.0x | 2.5x |
| P/B | 4.8x | 4.0x | 4.0x | 4.8x | 5.7x | 9.5x | 11.2x | 7.1x | 5.8x | 9.7x | 5.7x | 3.4x | 4.9x | 5.1x | 2.8x | 2.7x | 2.6x | 1.8x | 1.5x |
| EPS | $0.68 | $0.62 | $0.65 | $1.23 | $1.56 | $1.00 | $1.16 | $1.24 | $0.98 | $0.83 | $1.06 | $0.68 | $0.42 | $0.39 | $0.41 | $0.38 | -$0.03 | $0.17 |
| Dividend yield | 0.77% | 0.90% | 0.85% | 0.68% | 0.56% | 0.32% | 2.77% | 0.37% | 0.48% | 0.27% | 0.46% | 0.62% | — | — | 4.19% | 1.01% | 0.85% | 1.69% | 3.18% |
| Payout | 21.54% | 47.79% | 49.19% | 43.85% | 21.54% | 15.71% | 222.50% | 17.67% | 14.92% | 17.09% | 17.77% | 9.91% | — | — | 98.72% | 21.95% | 16.45% | — | 71.21% |
| Profit margin | 21.71% | 11.51% | 11.61% | 13.52% | 21.42% | 26.99% | 21.72% | 28.10% | 27.19% | 23.07% | 27.14% | 41.52% | 28.49% | 23.91% | 21.00% | 21.70% | 21.12% | -2.77% | 11.24% |
| ROE | 13.46% | 7.67% | 7.00% | 7.53% | 14.98% | 19.57% | 13.96% | 15.04% | 19.31% | 16.13% | 14.92% | 22.48% | 16.50% | 11.43% | 11.90% | 12.63% | 12.97% | -1.23% | 6.60% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 3 families.
Room for errors in the reported numbers.
-57.0% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| 3.4x |
| 0.91% |
| -0.31% |
| $8.9B |
| QNTQuantinuum Inc. | $35.90 | — | 3.1x | 0.00% | — | $9.54B |
| YMMFull Truck Alliance Co. Ltd. | $8.35 | 14.6x | 1.4x | 2.99% | 10.42% | $8.73B |