National Instruments Corporation (NATI) Rating Reiterated by Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of National Instruments Corporation (NASDAQ:NATI) in a report published on Sunday, October 29th. The brokerage currently has a $46.00 price target on the technology company’s stock.

A number of other research firms have also issued reports on NATI. Zacks Investment Research lowered National Instruments Corporation from a buy rating to a hold rating in a research report on Wednesday, August 2nd. BidaskClub lowered National Instruments Corporation from a buy rating to a hold rating in a research report on Sunday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. National Instruments Corporation presently has a consensus rating of Hold and a consensus price target of $40.25.

National Instruments Corporation (NASDAQ NATI) opened at $44.38 on Friday. The firm has a market capitalization of $5,837.76, a PE ratio of 50.74 and a beta of 0.94. National Instruments Corporation has a fifty-two week low of $29.44 and a fifty-two week high of $46.33. The company has a quick ratio of 2.53, a current ratio of 3.22 and a debt-to-equity ratio of 0.01.

National Instruments Corporation (NASDAQ:NATI) last announced its earnings results on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. National Instruments Corporation had a return on equity of 10.16% and a net margin of 8.72%. The business had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $319.78 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. analysts forecast that National Instruments Corporation will post 0.93 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.84 annualized dividend and a yield of 1.89%. National Instruments Corporation’s payout ratio is 100.00%.

In other news, Director James J. Truchard sold 7,500 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $40.88, for a total transaction of $306,600.00. Following the completion of the transaction, the director now directly owns 9,016,416 shares in the company, valued at $368,591,086.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $39.54, for a total value of $79,080.00. Following the completion of the sale, the director now owns 381,771 shares in the company, valued at $15,095,225.34. The disclosure for this sale can be found here. Insiders sold 1,047,662 shares of company stock valued at $45,663,528 over the last quarter. 9.92% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of National Instruments Corporation in the third quarter valued at $300,000. Zions Bancorporation acquired a new stake in shares of National Instruments Corporation in the third quarter valued at $129,000. Janus Henderson Group PLC raised its stake in shares of National Instruments Corporation by 2.5% in the third quarter. Janus Henderson Group PLC now owns 10,804,219 shares of the technology company’s stock valued at $455,616,000 after acquiring an additional 262,578 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of National Instruments Corporation in the third quarter valued at $248,000. Finally, Vident Investment Advisory LLC raised its stake in shares of National Instruments Corporation by 64.7% in the third quarter. Vident Investment Advisory LLC now owns 330,199 shares of the technology company’s stock valued at $13,924,000 after acquiring an additional 129,729 shares in the last quarter. Institutional investors and hedge funds own 78.71% of the company’s stock.

About National Instruments Corporation

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.

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