National Instruments Corp. Given New $38.00 Price Target at Stifel Nicolaus (NATI)
Equities research analysts at Stifel Nicolaus increased their price objective on shares of National Instruments Corp. (NASDAQ:NATI) from $32.00 to $38.00 in a research note issued to investors on Friday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 18.16% from the company’s current price.
A number of other analysts have also recently weighed in on NATI. Analysts at JPMorgan Chase & Co. raised their price target on shares of National Instruments Corp. from $27.00 to $29.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Zacks upgraded shares of National Instruments Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, September 26th. They now have a $33.20 price target on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of National Instruments Corp. in a research note to investors on Thursday, August 15th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. National Instruments Corp. has an average rating of “Hold” and an average price target of $33.40.
Shares of National Instruments Corp. (NASDAQ:NATI) traded up 10.71% on Friday, hitting $32.16. The stock had a trading volume of 1,863,570 shares. National Instruments Corp. has a one year low of $22.89 and a one year high of $32.83. The stock’s 50-day moving average is $30.52 and its 200-day moving average is $28.99. The company has a market cap of $4.014 billion and a price-to-earnings ratio of 46.85.
National Instruments Corp. (NASDAQ:NATI) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.08. The company had revenue of $289.10 million for the quarter, compared to the consensus estimate of $285.43 million. During the same quarter last year, the company posted $0.26 earnings per share. National Instruments Corp.’s revenue was down .3% compared to the same quarter last year. On average, analysts predict that National Instruments Corp. will post $0.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 3rd. Investors of record on Tuesday, November 12th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Thursday, November 7th.
In other National Instruments Corp. news, Director Jeffrey L. Kodosky unloaded 12,000 shares of National Instruments Corp. stock on the open market in a transaction dated Monday, October 28th. The stock was sold at an average price of $29.47, for a total transaction of $353,640.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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