Shares of National Instruments Corp. (NASDAQ:NATI) have earned an average recommendation of “Buy” from the six analysts that are covering the firm. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $32.00.
A number of brokerages recently issued reports on NATI. Stifel Nicolaus lowered their price target on National Instruments Corp. from $33.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, July 28th. Zacks Investment Research downgraded National Instruments Corp. from a “hold” rating to a “sell” rating in a report on Saturday, July 30th. Finally, TheStreet raised National Instruments Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 28th.
Large investors have recently modified their holdings of the stock. Aperio Group LLC boosted its stake in shares of National Instruments Corp. by 20.7% in the first quarter. Aperio Group LLC now owns 19,015 shares of the company’s stock worth $573,000 after buying an additional 3,256 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of National Instruments Corp. by 0.5% in the first quarter. TIAA CREF Investment Management LLC now owns 329,961 shares of the company’s stock worth $9,935,000 after buying an additional 1,560 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of National Instruments Corp. by 6.8% in the first quarter. Teachers Advisors Inc. now owns 116,081 shares of the company’s stock worth $3,495,000 after buying an additional 7,425 shares in the last quarter. BlackRock Inc. boosted its stake in shares of National Instruments Corp. by 27.3% in the first quarter. BlackRock Inc. now owns 45,637 shares of the company’s stock worth $1,374,000 after buying an additional 9,787 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of National Instruments Corp. by 24.3% in the first quarter. BlackRock Group LTD now owns 65,089 shares of the company’s stock worth $1,960,000 after buying an additional 12,719 shares in the last quarter. Institutional investors own 73.08% of the company’s stock.
Shares of National Instruments Corp. (NASDAQ:NATI) opened at 28.62 on Monday. National Instruments Corp. has a 52 week low of $25.90 and a 52 week high of $31.71. The stock’s 50 day moving average is $27.97 and its 200-day moving average is $28.09. The firm has a market cap of $3.68 billion, a PE ratio of 43.36 and a beta of 1.02.
National Instruments Corp. (NASDAQ:NATI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.06. The firm earned $306.10 million during the quarter, compared to the consensus estimate of $311.53 million. National Instruments Corp. had a return on equity of 9.70% and a net margin of 6.88%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 earnings per share. On average, equities analysts predict that National Instruments Corp. will post $0.71 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 15th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Thursday, August 11th. National Instruments Corp.’s dividend payout ratio is currently 123.08%.
About National Instruments Corp.
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering, which provides an integrated software and hardware platform for measurement and control systems. Its products include reusable hardware and software modules.
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