National Instruments Corporation (NASDAQ:NATI)‘s stock had its “buy” rating reissued by investment analysts at Stifel Nicolaus in a research report issued on Sunday, July 30th. They presently have a $46.00 price target on the technology company’s stock. Stifel Nicolaus’ target price points to a potential upside of 16.22% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded National Instruments Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, May 2nd. Deutsche Bank AG started coverage on National Instruments Corporation in a research report on Tuesday, May 16th. They set a “hold” rating and a $34.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $40.25.

National Instruments Corporation (NASDAQ:NATI) remained flat at $39.58 during mid-day trading on Friday. The company’s stock had a trading volume of 492,844 shares. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 53.56 and a beta of 0.94. National Instruments Corporation has a 52-week low of $26.74 and a 52-week high of $43.74. The company has a 50 day moving average price of $41.04 and a 200 day moving average price of $35.91.

National Instruments Corporation (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The company had revenue of $318.61 million for the quarter, compared to analysts’ expectations of $321.07 million. During the same period last year, the firm earned $0.23 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities research analysts predict that National Instruments Corporation will post $0.92 EPS for the current fiscal year.

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In related news, insider Scott Arthur Rust sold 3,288 shares of National Instruments Corporation stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $38.34, for a total value of $126,061.92. Following the transaction, the insider now directly owns 17,189 shares in the company, valued at approximately $659,026.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James J. Truchard sold 7,500 shares of National Instruments Corporation stock in a transaction on Monday, May 15th. The stock was sold at an average price of $36.77, for a total value of $275,775.00. Following the completion of the transaction, the director now owns 9,151,416 shares in the company, valued at $336,497,566.32. The disclosure for this sale can be found here. Insiders sold a total of 95,749 shares of company stock worth $3,787,770 over the last 90 days. Insiders own 9.92% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of National Instruments Corporation by 0.9% in the first quarter. Fifth Third Bancorp now owns 3,722 shares of the technology company’s stock valued at $121,000 after buying an additional 32 shares during the period. Capstone Asset Management Co. boosted its stake in shares of National Instruments Corporation by 0.6% in the first quarter. Capstone Asset Management Co. now owns 8,398 shares of the technology company’s stock valued at $273,000 after buying an additional 50 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in shares of National Instruments Corporation by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 23,879 shares of the technology company’s stock valued at $960,000 after buying an additional 69 shares during the period. M&T Bank Corp boosted its stake in shares of National Instruments Corporation by 0.6% in the first quarter. M&T Bank Corp now owns 13,179 shares of the technology company’s stock valued at $430,000 after buying an additional 74 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in shares of National Instruments Corporation by 0.5% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 18,304 shares of the technology company’s stock valued at $596,000 after buying an additional 85 shares during the period. 75.95% of the stock is owned by institutional investors and hedge funds.

National Instruments Corporation 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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