Analysts expect that National Instruments Corp (NASDAQ:NATI) will report $341.58 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for National Instruments’ earnings. The lowest sales estimate is $341.07 million and the highest is $342.09 million. National Instruments posted sales of $320.92 million in the same quarter last year, which suggests a positive year over year growth rate of 6.4%. The business is expected to announce its next earnings results on Thursday, October 25th.

On average, analysts expect that National Instruments will report full year sales of $1.37 billion for the current year. For the next financial year, analysts forecast that the business will report sales of $1.47 billion per share, with estimates ranging from $1.45 billion to $1.49 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow National Instruments.

National Instruments (NASDAQ:NATI) last issued its earnings results on Thursday, July 26th. The technology company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.09. National Instruments had a return on equity of 12.55% and a net margin of 4.87%. The firm had revenue of $341.00 million for the quarter, compared to analyst estimates of $333.40 million. During the same period last year, the company earned $0.27 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis.

Several research analysts have recently issued reports on the company. BidaskClub raised National Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, August 30th. Zacks Investment Research cut National Instruments from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Robert W. Baird decreased their price target on National Instruments from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, July 30th. ValuEngine raised National Instruments from a “hold” rating to a “buy” rating in a research note on Monday, July 30th. Finally, TheStreet raised National Instruments from a “c+” rating to a “b” rating in a research note on Friday, July 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $48.33.

In related news, Director Jeffrey L. Kodosky sold 1,600 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $48.50, for a total transaction of $77,600.00. Following the completion of the transaction, the director now owns 364,545 shares of the company’s stock, valued at $17,680,432.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James J. Truchard sold 17,500 shares of the firm’s stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $43.60, for a total value of $763,000.00. Following the transaction, the director now directly owns 6,405,037 shares of the company’s stock, valued at approximately $279,259,613.20. The disclosure for this sale can be found here. In the last three months, insiders sold 554,335 shares of company stock valued at $25,036,801. Company insiders own 7.98% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its stake in National Instruments by 1.9% during the second quarter. Janus Henderson Group PLC now owns 11,486,408 shares of the technology company’s stock valued at $482,199,000 after buying an additional 210,830 shares in the last quarter. BlackRock Inc. boosted its stake in National Instruments by 3.7% during the second quarter. BlackRock Inc. now owns 9,363,243 shares of the technology company’s stock valued at $393,067,000 after buying an additional 335,811 shares in the last quarter. Hermes Investment Management Ltd. boosted its stake in National Instruments by 1.2% during the second quarter. Hermes Investment Management Ltd. now owns 1,230,525 shares of the technology company’s stock valued at $51,657,000 after buying an additional 15,088 shares in the last quarter. Hound Partners LLC bought a new position in National Instruments during the first quarter valued at about $53,674,000. Finally, Baillie Gifford & Co. boosted its position in shares of National Instruments by 4.6% in the 2nd quarter. Baillie Gifford & Co. now owns 765,240 shares of the technology company’s stock valued at $32,124,000 after purchasing an additional 33,631 shares during the period. 77.14% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:NATI traded up $0.13 on Thursday, hitting $48.21. The company’s stock had a trading volume of 344,200 shares, compared to its average volume of 577,313. National Instruments has a 12 month low of $38.78 and a 12 month high of $53.57. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 51.29 and a beta of 1.06.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Monday, August 13th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 10th. This represents a $0.92 annualized dividend and a dividend yield of 1.91%. National Instruments’s payout ratio is 97.87%.

National Instruments Company Profile

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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