National Instruments Corp (NATI) Receives $48.00 Consensus Target Price from Analysts

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National Instruments Corp (NASDAQ:NATI) has received an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $48.00.

NATI has been the topic of several recent research reports. 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 upgraded National Instruments from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. Deutsche Bank upgraded National Instruments from a “hold” rating to a “buy” rating and increased their price objective for the company from $45.00 to $50.00 in a research report on Friday, October 26th. Finally, Stifel Nicolaus initiated coverage on National Instruments in a research report on Monday, October 22nd. They set a “hold” rating and a $48.00 price objective on the stock.

In related news, COO Eric Howard Starkloff sold 2,500 shares of the stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $49.18, for a total transaction of $122,950.00. Following the completion of the sale, the chief operating officer now directly owns 67,562 shares in the company, valued at approximately $3,322,699.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey L. Kodosky sold 1,600 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $48.50, for a total value of $77,600.00. Following the sale, the director now owns 364,545 shares of the company’s stock, valued at $17,680,432.50. The disclosure for this sale can be found here. Insiders have sold a total of 67,355 shares of company stock worth $3,244,672 over the last quarter. Corporate insiders own 7.98% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC boosted its holdings in National Instruments by 1.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 68,798 shares of the technology company’s stock valued at $3,325,000 after acquiring an additional 1,179 shares during the period. Texas Permanent School Fund lifted its holdings in National Instruments by 1.8% in the 3rd quarter. Texas Permanent School Fund now owns 70,708 shares of the technology company’s stock worth $3,417,000 after buying an additional 1,269 shares during the period. PNC Financial Services Group Inc. lifted its holdings in National Instruments by 20.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,738 shares of the technology company’s stock worth $368,000 after buying an additional 1,458 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in National Instruments by 16.4% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,723 shares of the technology company’s stock worth $518,000 after buying an additional 1,509 shares during the period. Finally, American Capital Management Inc. lifted its holdings in National Instruments by 0.6% in the 3rd quarter. American Capital Management Inc. now owns 275,010 shares of the technology company’s stock worth $13,291,000 after buying an additional 1,595 shares during the period. Institutional investors own 77.06% of the company’s stock.

NASDAQ NATI traded down $1.57 during trading on Monday, reaching $47.35. The company’s stock had a trading volume of 23,490 shares, compared to its average volume of 732,243. The firm has a market capitalization of $6.48 billion, a P/E ratio of 50.38 and a beta of 0.95. National Instruments has a one year low of $38.78 and a one year high of $53.57.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, October 25th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. The firm 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, sell-side analysts expect that National Instruments will post 1.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 12th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, November 8th. This represents a $0.92 annualized dividend and a dividend yield of 1.94%. National Instruments’s dividend payout ratio (DPR) is presently 97.87%.

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.

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