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National Instruments Corp. (NASDAQ:NATI) set a new 52-week high during trading on Tuesday, StockRatingsNetwork.com reports. The stock traded as high as $32.84 and last traded at $32.82, with a volume of 313,345 shares. The stock had previously closed at $32.28.

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of National Instruments Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 1st. They now have a $32.80 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of National Instruments Corp. from $32.00 to $38.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. National Instruments Corp. has an average rating of “Hold” and an average target price of $33.27.

In other National Instruments Corp. news, Director Jeffrey Kodosky sold 4,000 shares of National Instruments Corp. stock on the open market in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $31.75, for a total transaction of $127,000.00. Following the transaction, the director now directly owns 437,826 shares of the company’s stock, valued at approximately $13,900,976. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

National Instruments Corp. has a one year low of $22.89 and a one year high of $32.85. The stock has a 50-day moving average of $31.03 and a 200-day moving average of $30.17. The company has a market cap of $4.108 billion and a P/E ratio of 58.69.

National Instruments Corp. (NASDAQ:NATI) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Analysts expect that National Instruments Corp. will post $0.62 EPS for the current fiscal year.

National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.

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