Shares of National Instruments Corp (NASDAQ:NATI) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $48.00.
NATI has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of National Instruments from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Saturday, September 29th. Deutsche Bank upgraded shares of National Instruments from a “hold” rating to a “buy” rating and raised their target price for the stock from $45.00 to $50.00 in a report on Friday, October 26th. BidaskClub upgraded shares of National Instruments from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. Finally, Stifel Nicolaus initiated coverage on shares of National Instruments in a report on Monday, October 22nd. They issued a “hold” rating and a $48.00 target price for the company.
Shares of NATI opened at $48.96 on Monday. National Instruments has a one year low of $38.78 and a one year high of $53.57. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 52.09 and a beta of 0.98.
National Instruments (NASDAQ:NATI) last announced its earnings results on Thursday, October 25th. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. National Instruments had a net margin of 5.50% and a return on equity of 14.02%. The company had revenue of $346.13 million during the quarter, compared to analysts’ expectations of $342.65 million. Sell-side analysts predict that National Instruments will post 1.35 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 12th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, November 8th. National Instruments’s payout ratio is 97.87%.
In other news, Director James J. Truchard sold 42,500 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $47.69, for a total value of $2,026,825.00. Following the completion of the sale, the director now directly owns 5,791,037 shares of the company’s stock, valued at $276,174,554.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey L. Kodosky sold 1,600 shares of the stock in a transaction that occurred on Monday, October 22nd. The stock was sold at an average price of $43.50, for a total transaction of $69,600.00. Following the completion of the sale, the director now directly owns 362,745 shares of the company’s stock, valued at $15,779,407.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,255 shares of company stock valued at $5,193,017. Corporate insiders own 7.98% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new stake in shares of National Instruments in the second quarter worth approximately $147,000. Trexquant Investment LP purchased a new stake in shares of National Instruments in the third quarter worth approximately $200,000. Mission Wealth Management LP purchased a new stake in shares of National Instruments in the third quarter worth approximately $213,000. D.A. Davidson & CO. purchased a new stake in shares of National Instruments in the third quarter worth approximately $221,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of National Instruments in the third quarter worth approximately $223,000. 75.56% of the stock is owned by institutional investors and hedge funds.
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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