National Instruments Corp. Hits New 12-Month High at $33.59 (NATI)
National Instruments Corp. (NASDAQ:NATI) reached a new 52-week high during mid-day trading on Tuesday , Analyst Ratings.Net reports. The stock traded as high as $33.59 and last traded at $33.14, with a volume of 154,509 shares. The stock had previously closed at $33.15.
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 has a 50-day moving average of $32.44 and a 200-day moving average of $29.97. The company has a market cap of $4.224 billion and a P/E ratio of 46.11.
National Instruments Corp. (NASDAQ:NATI) last released its 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. Analysts expect that National Instruments Corp. will post $0.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, August 7th.
In other National Instruments Corp. news, CFO Alexander M. Davern sold 1,000 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $32.83, for a total transaction of $32,830.00. The transaction 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.