BidaskClub cut shares of National Instruments (NASDAQ:NATI) from a sell rating to a strong sell rating in a research report report published on Saturday morning.

A number of other research analysts have also weighed in on NATI. Stifel Nicolaus reaffirmed a buy rating on shares of National Instruments in a report on Tuesday, September 26th. Zacks Investment Research lowered National Instruments from a hold rating to a sell rating in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $40.25.

National Instruments (NASDAQ NATI) opened at $42.04 on Friday. The company has a current ratio of 3.22, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $5,500.00, a PE ratio of 47.69 and a beta of 0.93. National Instruments has a twelve month low of $29.80 and a twelve month high of $46.33.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 13th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, November 10th. National Instruments’s payout ratio is 103.70%.

In other news, Director James J. Truchard sold 7,500 shares of the business’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $41.07, for a total transaction of $308,025.00. Following the completion of the transaction, the director now owns 8,845,166 shares of the company’s stock, valued at $363,270,967.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $42.36, for a total value of $84,720.00. The disclosure for this sale can be found here. Insiders have sold 1,061,151 shares of company stock valued at $46,306,744 in the last three months. 9.92% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in NATI. Janus Henderson Group PLC bought a new stake in National Instruments in the 2nd quarter worth approximately $423,984,000. William Blair Investment Management LLC bought a new stake in National Instruments in the 2nd quarter worth approximately $115,152,000. American Century Companies Inc. bought a new stake in National Instruments in the 2nd quarter worth approximately $43,967,000. Wells Fargo & Company MN lifted its position in National Instruments by 1,587.5% in the 2nd quarter. Wells Fargo & Company MN now owns 948,054 shares of the technology company’s stock worth $38,130,000 after buying an additional 891,874 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in National Instruments by 87.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,056,992 shares of the technology company’s stock worth $42,512,000 after buying an additional 493,245 shares during the last quarter. Institutional investors own 78.04% of the company’s stock.

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National Instruments Company Profile

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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