Equities research analysts expect National Instruments Corp (NASDAQ:NATI) to report $380.05 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for National Instruments’ earnings. The highest sales estimate is $382.20 million and the lowest is $378.70 million. National Instruments posted sales of $349.75 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.7%. The company is expected to report its next quarterly earnings results on Tuesday, January 29th.
On average, analysts expect that National Instruments will report full-year sales of $1.38 billion for the current year. For the next financial year, analysts anticipate that the company will post sales of $1.49 billion, with estimates ranging from $1.48 billion to $1.50 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover National Instruments.
National Instruments (NASDAQ:NATI) last released its earnings results on Thursday, October 25th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $346.13 million for the quarter, compared to the consensus estimate of $342.65 million. National Instruments had a net margin of 5.50% and a return on equity of 14.02%.
Several research analysts have recently weighed in on NATI shares. TheStreet raised shares of National Instruments from a “c+” rating to a “b” rating in a research report on Friday, July 27th. Zacks Investment Research raised shares of National Instruments from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Thursday, August 2nd. BidaskClub raised shares of National Instruments from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. ValuEngine raised shares of National Instruments from a “hold” rating to a “buy” rating in a research report on Monday, July 30th. Finally, Deutsche Bank raised shares of National Instruments from a “hold” rating to a “buy” rating and lifted their target price for the stock from $45.00 to $50.00 in a research report on Friday, October 26th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $50.25.
National Instruments stock opened at $49.84 on Friday. The company has a market capitalization of $6.56 billion, a PE ratio of 53.02 and a beta of 0.98. National Instruments has a fifty-two week low of $38.78 and a fifty-two week high of $53.57.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 12th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Thursday, November 8th. National Instruments’s dividend payout ratio (DPR) is currently 97.87%.
In related news, insider John Charles Roiko sold 1,179 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $49.28, for a total transaction of $58,101.12. Following the transaction, the insider now directly owns 19,419 shares of the company’s stock, valued at $956,968.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey L. Kodosky sold 1,600 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $48.50, for a total transaction of $77,600.00. Following the transaction, the director now directly owns 364,545 shares in the company, valued at $17,680,432.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 331,014 shares of company stock worth $15,264,047. 7.98% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board grew its position in National Instruments by 13.3% during the third quarter. Canada Pension Plan Investment Board now owns 799,300 shares of the technology company’s stock valued at $38,630,000 after purchasing an additional 93,800 shares in the last quarter. Trexquant Investment LP purchased a new position in National Instruments during the third quarter valued at approximately $200,000. Crawford Investment Counsel Inc. grew its position in National Instruments by 19.2% during the third quarter. Crawford Investment Counsel Inc. now owns 79,814 shares of the technology company’s stock valued at $3,857,000 after purchasing an additional 12,870 shares in the last quarter. CIBC World Markets Inc. purchased a new position in National Instruments during the third quarter valued at approximately $1,603,000. Finally, American International Group Inc. lifted its stake in National Instruments by 5.5% in the third quarter. American International Group Inc. now owns 228,946 shares of the technology company’s stock valued at $11,065,000 after acquiring an additional 11,859 shares during the last quarter. 76.83% of the stock is currently owned by hedge funds and other institutional investors.
National Instruments Company Profile
National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.
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