UBS Asset Management Americas Inc. raised its stake in National Instruments Corp. (NASDAQ:NATI) by 7.5% during the second quarter, Holdings Channel reports. The institutional investor owned 75,035 shares of the company’s stock after buying an additional 5,203 shares during the period. UBS Asset Management Americas Inc. owned 0.06% of National Instruments Corp. worth $2,056,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of NATI. Glenmede Trust Co. NA increased its stake in National Instruments Corp. by 27.1% in the second quarter. Glenmede Trust Co. NA now owns 4,617 shares of the company’s stock valued at $126,000 after buying an additional 983 shares in the last quarter. LS Investment Advisors LLC increased its stake in National Instruments Corp. by 73.6% in the second quarter. LS Investment Advisors LLC now owns 6,107 shares of the company’s stock valued at $167,000 after buying an additional 2,589 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in National Instruments Corp. during the second quarter valued at about $206,000. Dearborn Partners LLC increased its stake in National Instruments Corp. by 20.8% in the second quarter. Dearborn Partners LLC now owns 8,700 shares of the company’s stock valued at $238,000 after buying an additional 1,500 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in National Instruments Corp. by 7.3% in the second quarter. Stephens Inc. AR now owns 14,354 shares of the company’s stock valued at $393,000 after buying an additional 973 shares in the last quarter. Institutional investors own 73.09% of the company’s stock.
Shares of National Instruments Corp. (NASDAQ:NATI) traded up 1.00% during midday trading on Monday, hitting $28.24. The stock had a trading volume of 12,227 shares. National Instruments Corp. has a 12-month low of $25.90 and a 12-month high of $31.71. The firm has a 50-day moving average of $27.98 and a 200 day moving average of $28.07. The firm has a market cap of $3.63 billion, a PE ratio of 42.79 and a beta of 1.02.
National Instruments Corp. (NASDAQ:NATI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.06. The firm had revenue of $306.10 million for the quarter, compared to analyst estimates of $311.53 million. National Instruments Corp. had a return on equity of 9.70% and a net margin of 6.88%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. On average, analysts expect that National Instruments Corp. will post $0.71 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the company. 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. TheStreet upgraded National Instruments Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Finally, Zacks Investment Research upgraded National Instruments Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. National Instruments Corp. currently has an average rating of “Buy” and a consensus target price of $32.00.
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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