National Instruments (NASDAQ:NATI) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Friday.

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded National Instruments from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus restated a “buy” rating on shares of National Instruments in a report on Tuesday, September 26th.

Shares of National Instruments (NASDAQ:NATI) traded down $0.24 during trading hours on Friday, hitting $43.43. The company had a trading volume of 320,311 shares, compared to its average volume of 569,778. The stock has a market cap of $5,680.00, a P/E ratio of 53.62 and a beta of 0.93. The company has a current ratio of 3.22, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. National Instruments has a 1-year low of $29.80 and a 1-year high of $46.33.

National Instruments (NASDAQ:NATI) last announced its earnings results on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $320.90 million for the quarter, compared to the consensus estimate of $319.78 million. National Instruments had a return on equity of 10.16% and a net margin of 8.72%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. equities research analysts expect that National Instruments will post 0.93 EPS for the current year.

In other National Instruments news, Director James J. Truchard sold 7,500 shares of National Instruments stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $43.64, for a total transaction of $327,300.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James J. Truchard sold 985,162 shares of National Instruments stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.66, for a total value of $43,012,172.92. Following the sale, the director now owns 8,345,037 shares in the company, valued at $364,344,315.42. The disclosure for this sale can be found here. Insiders have sold a total of 1,066,651 shares of company stock worth $46,543,249 over the last 90 days. 9.92% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in shares of National Instruments by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 10,804,219 shares of the technology company’s stock worth $455,616,000 after acquiring an additional 262,578 shares in the last quarter. Vanguard Group Inc. grew its position in shares of National Instruments by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 9,588,543 shares of the technology company’s stock worth $385,651,000 after acquiring an additional 138,121 shares in the last quarter. State Street Corp grew its position in shares of National Instruments by 0.4% in the 2nd quarter. State Street Corp now owns 2,822,005 shares of the technology company’s stock worth $113,497,000 after acquiring an additional 10,737 shares in the last quarter. King Luther Capital Management Corp grew its position in shares of National Instruments by 2.4% in the 2nd quarter. King Luther Capital Management Corp now owns 1,955,530 shares of the technology company’s stock worth $78,651,000 after acquiring an additional 46,678 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of National Instruments by 1.1% in the 2nd quarter. Northern Trust Corp now owns 1,640,118 shares of the technology company’s stock worth $65,966,000 after acquiring an additional 17,988 shares in the last quarter. Institutional investors own 78.04% of the company’s stock.

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National Instruments Company Profile

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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