Shares of National Instruments Corp (NASDAQ:NATI) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities 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 brokerages that have covered the stock in the last year is $48.00.
A number of equities research analysts recently weighed in on NATI shares. Zacks Investment Research upgraded National Instruments from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Saturday, September 29th. BidaskClub raised National Instruments from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. Deutsche Bank raised 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 report on Friday, October 26th. Finally, Stifel Nicolaus started coverage on National Instruments in a report on Monday, October 22nd. They set a “hold” rating and a $48.00 target price on the stock.
Shares of NATI traded down $1.31 during midday trading on Monday, hitting $47.00. The company’s stock had a trading volume of 515,563 shares, compared to its average volume of 618,510. National Instruments has a one year low of $38.78 and a one year high of $53.57. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 50.00 and a beta of 0.95.
National Instruments (NASDAQ:NATI) last issued its quarterly earnings data on Thursday, October 25th. The technology company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $346.13 million for the quarter, compared to analyst estimates of $342.65 million. National Instruments had a return on equity of 14.02% and a net margin of 5.50%. On average, equities analysts expect that National Instruments will post 1.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 12th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was 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 company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was 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 approximately $956,968.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeffrey L. Kodosky sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $49.05, for a total value of $78,480.00. Following the transaction, the director now directly owns 360,945 shares in the company, valued at $17,704,352.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,355 shares of company stock worth $3,244,672. 7.98% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of NATI. Point72 Asset Management L.P. bought a new stake in National Instruments during the 2nd quarter worth approximately $147,000. Trexquant Investment LP bought a new stake in National Instruments during the 3rd quarter worth approximately $200,000. Mission Wealth Management LP bought a new position in shares of National Instruments in the third quarter valued at approximately $213,000. D.A. Davidson & CO. bought a new position in shares of National Instruments in the third quarter valued at approximately $221,000. Finally, CIBC Asset Management Inc bought a new position in shares of National Instruments in the third quarter valued at approximately $223,000. 77.06% of the stock is owned by hedge funds and other institutional investors.
About National Instruments
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.
Further Reading: Buyback For Investors Defined
Receive News & Ratings for National Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Instruments and related companies with MarketBeat.com's FREE daily email newsletter.