Several analysts have recently updated their ratings and price targets for National Instruments Corporation (NASDAQ: NATI):

  • 8/6/2017 – National Instruments Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/2/2017 – National Instruments Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “National Instruments Corporation is a leading supplier of computer-based instrumentation hardware and software products that engineers and scientists use in a wide range of industries. These industries are spread across two large markets: test and measurement and industrial automation. The Company provides flexible application software and modular, multifunction hardware that users combine with industry-standard desktop computers and workstations to create virtual instruments. “
  • 8/1/2017 – National Instruments Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “National Instruments Corporation is a leading supplier of computer-based instrumentation hardware and software products that engineers and scientists use in a wide range of industries. These industries are spread across two large markets: test and measurement and industrial automation. The Company provides flexible application software and modular, multifunction hardware that users combine with industry-standard desktop computers and workstations to create virtual instruments. “
  • 7/31/2017 – National Instruments Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/30/2017 – National Instruments Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $46.00 price target on the stock.

Shares of National Instruments Corporation (NASDAQ NATI) traded down 0.23% on Monday, reaching $40.51. 384,908 shares of the company traded hands. The company has a market capitalization of $5.29 billion, a PE ratio of 54.82 and a beta of 0.94. National Instruments Corporation has a 52-week low of $26.74 and a 52-week high of $43.74. The firm has a 50-day moving average of $40.78 and a 200-day moving average of $35.46.

National Instruments Corporation (NASDAQ:NATI) last announced its earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.08. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The business had revenue of $318.61 million during the quarter, compared to analysts’ expectations of $321.07 million. During the same quarter last year, the business posted $0.23 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts forecast that National Instruments Corporation will post $0.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.84 annualized dividend and a yield of 2.07%. National Instruments Corporation’s dividend payout ratio is currently 107.69%.

In related news, Director James J. Truchard sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $35.07, for a total transaction of $1,402,800.00. Following the completion of the transaction, the director now owns 9,158,916 shares of the company’s stock, valued at $321,203,184.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Alexander M. Davern sold 9,914 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $38.52, for a total value of $381,887.28. Following the transaction, the chief executive officer now directly owns 84,757 shares of the company’s stock, valued at approximately $3,264,839.64. The disclosure for this sale can be found here. Insiders have sold 128,249 shares of company stock valued at $4,886,295 in the last ninety days. Company insiders own 9.92% of the company’s stock.

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.

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