National Instruments Corp. Hits New 12-Month High at $33.00 (NATI)
Shares of National Instruments Corp. (NASDAQ:NATI) hit a new 52-week high on Tuesday , Stock Ratings Network reports. The company traded as high as $33.00 and last traded at $32.95, with a volume of 245,099 shares. The stock had previously closed at $32.39.
A number of analysts have recently weighed in on NATI shares. Analysts at Zacks upgraded shares of National Instruments Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $33.20 price target on the stock. Separately, analysts at TheStreet upgraded shares of National Instruments Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $33.40.
The stock’s 50-day moving average is $29.79 and its 200-day moving average is $29.42. The company has a market cap of $4.159 billion and a price-to-earnings ratio of 50.61.
National Instruments Corp. (NASDAQ:NATI) last announced its earnings results on Tuesday, April 29th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.05. The company had revenue of $284.67 million for the quarter, compared to the consensus estimate of $291.15 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts predict that National Instruments Corp. will post $0.81 earnings per share for the current fiscal year.
In other National Instruments Corp. news, Director Jeffrey L. Kodosky unloaded 4,000 shares of the company’s stock on the open market in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $31.65, for a total value of $126,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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