National Instruments Corp. Hits New 1-Year High at $33.00 (NATI)
National Instruments Corp. (NASDAQ:NATI) reached a new 52-week high on Monday , Stock Ratings Network reports. The stock traded as high as $33.00 and last traded at $32.84, with a volume of 109,100 shares traded. The stock had previously closed at $32.51.
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.
The stock’s 50-day moving average is $32.26 and its 200-day moving average is $29.66. The company has a market cap of $4.197 billion and a price-to-earnings ratio of 45.22.
National Instruments Corp. (NASDAQ:NATI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06. The company had revenue of $312.70 million for the quarter, compared to the consensus estimate of $311.37 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that National Instruments Corp. will post $0.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, August 7th.
In other National Instruments Corp. news, Director Jeffrey L. Kodosky sold 4,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $31.97, for a total transaction of $127,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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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