National Instruments (NATI) Given Average Recommendation of “Buy” by Brokerages

National Instruments (NASDAQ:NATI) has been given a consensus rating of “Buy” by the six brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $47.75.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of National Instruments from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, March 28th. BidaskClub upgraded shares of National Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. ValuEngine upgraded shares of National Instruments from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Robert W. Baird downgraded shares of National Instruments from an “outperform” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research report on Monday, April 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of National Instruments from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st.

How to Become a New Pot Stock Millionaire

Shares of NATI opened at $50.31 on Friday. National Instruments has a one year low of $33.27 and a one year high of $53.57. The company has a market cap of $6,746.49, a price-to-earnings ratio of 53.52 and a beta of 0.93.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. National Instruments had a net margin of 4.06% and a return on equity of 10.76%. The business had revenue of $349.80 million during the quarter, compared to the consensus estimate of $347.38 million. During the same period in the previous year, the business earned $0.34 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. equities research analysts anticipate that National Instruments will post 1.23 EPS for the current year.

In other National Instruments news, Director James J. Truchard sold 342,500 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $50.38, for a total transaction of $17,255,150.00. Following the sale, the director now owns 8,120,037 shares of the company’s stock, valued at $409,087,464.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James J. Truchard sold 67,500 shares of the business’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $50.63, for a total transaction of $3,417,525.00. Following the sale, the director now directly owns 6,755,037 shares in the company, valued at approximately $342,007,523.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,133,966 shares of company stock worth $57,518,414. Insiders own 7.98% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of NATI. JPMorgan Chase & Co. grew its stake in shares of National Instruments by 44.5% during the third quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock worth $169,000 after buying an additional 1,241 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of National Instruments during the third quarter worth $248,000. AMP Capital Investors Ltd bought a new stake in shares of National Instruments during the third quarter worth $261,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of National Instruments by 52.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,459 shares of the technology company’s stock worth $269,000 after buying an additional 2,218 shares during the last quarter. Finally, Meadow Creek Investment Management LLC grew its stake in shares of National Instruments by 22.3% during the fourth quarter. Meadow Creek Investment Management LLC now owns 6,752 shares of the technology company’s stock worth $281,000 after buying an additional 1,232 shares during the last quarter. 76.94% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “National Instruments (NATI) Given Average Recommendation of “Buy” by Brokerages” was published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thelincolnianonline.com/2018/04/21/national-instruments-nati-given-average-recommendation-of-buy-by-brokerages.html.

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.

Receive News & Ratings for National Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Instruments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply