National Instruments Co. (NASDAQ:NATI) Given Consensus Rating of “Hold” by Brokerages


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Shares of National Instruments Co. (NASDAQ:NATI) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $40.83.

NATI has been the subject of a number of recent analyst reports. Zacks Investment Research cut National Instruments from a “buy” rating to a “hold” rating in a research report on Saturday, April 3rd. Robert W. Baird boosted their price objective on National Instruments from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, January 8th.

Shares of National Instruments stock traded up $0.05 on Friday, reaching $43.57. 7,789 shares of the stock were exchanged, compared to its average volume of 699,689. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.07. National Instruments has a twelve month low of $30.42 and a twelve month high of $47.40. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 29.01 and a beta of 1.10. The business has a 50 day moving average price of $43.72 and a two-hundred day moving average price of $40.48.

National Instruments (NASDAQ:NATI) last released its earnings results on Wednesday, January 27th. The technology company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.32). National Instruments had a return on equity of 10.01% and a net margin of 15.35%. The firm had revenue of $367.84 million for the quarter, compared to analyst estimates of $359.59 million. During the same period last year, the firm earned $0.56 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts forecast that National Instruments will post 0.84 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Monday, February 8th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.48%. This is a boost from National Instruments’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 5th. National Instruments’s payout ratio is presently 82.44%.

In related news, SVP Scott Arthur Rust sold 2,325 shares of the business’s stock in a transaction that occurred on Wednesday, February 17th. The stock was sold at an average price of $45.71, for a total transaction of $106,275.75. Following the completion of the sale, the senior vice president now directly owns 58,663 shares in the company, valued at $2,681,485.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.87% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in National Instruments by 0.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,869,442 shares of the technology company’s stock worth $917,003,000 after buying an additional 53,826 shares during the last quarter. Janus Henderson Group PLC lifted its stake in National Instruments by 5.1% during the 4th quarter. Janus Henderson Group PLC now owns 9,409,156 shares of the technology company’s stock worth $413,438,000 after acquiring an additional 460,724 shares in the last quarter. Riverbridge Partners LLC lifted its stake in National Instruments by 5.5% during the 4th quarter. Riverbridge Partners LLC now owns 2,851,991 shares of the technology company’s stock worth $125,316,000 after acquiring an additional 148,492 shares in the last quarter. Morgan Stanley grew its position in National Instruments by 26.4% in the 4th quarter. Morgan Stanley now owns 2,172,814 shares of the technology company’s stock valued at $95,473,000 after acquiring an additional 453,333 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in National Instruments by 707.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,764,407 shares of the technology company’s stock valued at $77,528,000 after acquiring an additional 1,545,967 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.

National Instruments Company Profile

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging of application; NI LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox; and NI Measurement Studio, a suite of .NET tools for building engineering applications in Microsoft Visual Studio.

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Analyst Recommendations for National Instruments (NASDAQ:NATI)

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