According to Zacks, “National Instruments Corporation is a leading supplier of computer-based instrumentation hardware and software products that engineers and scientists use in a wide range of industries. These industries are spread across two large markets: test and measurement and industrial automation. The Company provides flexible application software and modular, multifunction hardware that users combine with industry-standard desktop computers and workstations to create virtual instruments. “
A number of other equities research analysts also recently commented on NATI. TheStreet raised shares of National Instruments Corp. from a hold rating to a buy rating in a research report on Thursday, July 28th. Stifel Nicolaus cut their target price on shares of National Instruments Corp. from $33.00 to $32.00 and set a buy rating for the company in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $32.00.
National Instruments Corp. (NASDAQ:NATI) opened at 28.40 on Wednesday. National Instruments Corp. has a 1-year low of $25.90 and a 1-year high of $31.71. The company has a 50-day moving average price of $27.93 and a 200 day moving average price of $28.13. The stock has a market cap of $3.65 billion, a P/E ratio of 43.03 and a beta of 1.02.
National Instruments Corp. (NASDAQ:NATI) last posted its earnings results on Wednesday, July 27th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. National Instruments Corp. had a net margin of 6.88% and a return on equity of 9.70%. The business earned $306.10 million during the quarter, compared to the consensus estimate of $311.53 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm’s revenue was down .5% on a year-over-year basis. Equities analysts expect that National Instruments Corp. will post $0.71 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, August 11th. National Instruments Corp.’s payout ratio is 123.08%.
A number of hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of National Instruments Corp. by 643.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,333 shares of the company’s stock worth $119,000 after buying an additional 3,750 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of National Instruments Corp. by 27.1% in the second quarter. Glenmede Trust Co. NA now owns 4,617 shares of the company’s stock worth $126,000 after buying an additional 983 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of National Instruments Corp. by 73.6% in the second quarter. LS Investment Advisors LLC now owns 6,107 shares of the company’s stock worth $167,000 after buying an additional 2,589 shares during the last quarter. Barclays PLC boosted its stake in shares of National Instruments Corp. by 23.9% in the second quarter. Barclays PLC now owns 6,154 shares of the company’s stock worth $169,000 after buying an additional 1,187 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of National Instruments Corp. during the second quarter worth approximately $206,000. Institutional investors and hedge funds own 73.08% of the company’s stock.
National Instruments Corp. Company Profile
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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