Wall Street brokerages predict that National Instruments Corporation (NASDAQ:NATI) will report sales of $319.78 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for National Instruments Corporation’s earnings, with the lowest sales estimate coming in at $319.00 million and the highest estimate coming in at $321.08 million. National Instruments Corporation reported sales of $306.36 million in the same quarter last year, which indicates a positive year over year growth rate of 4.4%. The company is scheduled to report its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that National Instruments Corporation will report full-year sales of $319.78 million for the current fiscal year, with estimates ranging from $1.28 billion to $1.30 billion. For the next financial year, analysts expect that the business will report sales of $1.38 billion per share, with estimates ranging from $1.34 billion to $1.41 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover National Instruments Corporation.

National Instruments Corporation (NASDAQ:NATI) last posted its earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. National Instruments Corporation had a net margin of 8.11% and a return on equity of 9.81%. The business had revenue of $318.61 million for the quarter, compared to analyst estimates of $321.07 million. During the same period last year, the business posted $0.23 EPS. National Instruments Corporation’s revenue was up 4.1% compared to the same quarter last year.

Several analysts have issued reports on NATI shares. Zacks Investment Research lowered shares of National Instruments Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $46.00 price target on shares of National Instruments Corporation in a research report on Sunday, July 30th. BidaskClub lowered shares of National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG started coverage on shares of National Instruments Corporation in a research report on Tuesday, May 16th. They set a “hold” rating and a $34.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. National Instruments Corporation presently has an average rating of “Hold” and a consensus target price of $40.25.

National Instruments Corporation (NASDAQ NATI) opened at 39.63 on Friday. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 53.63 and a beta of 0.94. The company has a 50-day moving average of $40.44 and a 200-day moving average of $37.00. National Instruments Corporation has a 1-year low of $26.74 and a 1-year high of $43.74.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.12%. The ex-dividend date was Thursday, August 10th. National Instruments Corporation’s dividend payout ratio (DPR) is currently 107.69%.

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In other National Instruments Corporation news, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $38.51, for a total transaction of $77,020.00. Following the sale, the director now directly owns 387,271 shares of the company’s stock, valued at $14,913,806.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $39.58, for a total transaction of $296,850.00. Following the sale, the director now directly owns 9,113,916 shares in the company, valued at $360,728,795.28. The disclosure for this sale can be found here. Insiders have sold 65,000 shares of company stock worth $2,626,495 over the last ninety days. Insiders own 9.92% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Treasurer State of Michigan increased its holdings in shares of National Instruments Corporation by 1.4% in the first quarter. State Treasurer State of Michigan now owns 43,175 shares of the technology company’s stock valued at $1,406,000 after purchasing an additional 600 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of National Instruments Corporation by 56.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 244,316 shares of the technology company’s stock valued at $7,955,000 after purchasing an additional 88,092 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of National Instruments Corporation by 1.3% in the first quarter. Baillie Gifford & Co. now owns 679,221 shares of the technology company’s stock valued at $22,116,000 after purchasing an additional 8,673 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of National Instruments Corporation in the second quarter valued at $43,967,000. Finally, Teachers Advisors LLC increased its holdings in shares of National Instruments Corporation by 27.3% in the fourth quarter. Teachers Advisors LLC now owns 120,038 shares of the technology company’s stock valued at $3,700,000 after purchasing an additional 25,722 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

About National Instruments Corporation

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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