According to Zacks, “National Instruments Corporation, or NI, is an American multinational company with international operation. It is a producer of automated test equipment and virtual instrumentation software. Common applications include data acquisition, instrument control and machine vision. National Instruments has equipped engineers and scientists with tools that accelerate productivity, innovation and discovery. NI’s graphical system design approach to engineering provides an integrated software and hardware platform that speeds the development of any system needing measurement and control. The company’s long-term vision and focus on improving society through its technology ensures the success of its customers, employees, suppliers and shareholders. “
A number of other equities research analysts have also recently commented on NATI. BidaskClub upgraded shares of Zai Lab from a buy rating to a strong-buy rating in a report on Friday, June 28th. Deutsche Bank cut shares of Hilton Hotels from a buy rating to a hold rating and set a $92.60 price target on the stock. in a report on Wednesday, May 1st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. National Instruments presently has a consensus rating of Hold and an average price target of $48.50.
NASDAQ:NATI opened at $43.08 on Tuesday. The firm’s 50 day moving average price is $40.67. National Instruments has a 52 week low of $38.01 and a 52 week high of $51.00. The stock has a market capitalization of $5.61 billion, a PE ratio of 31.07 and a beta of 0.94.
National Instruments (NASDAQ:NATI) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). National Instruments had a net margin of 11.34% and a return on equity of 15.19%. The firm had revenue of $311.07 million for the quarter, compared to analysts’ expectations of $321.25 million. On average, equities research analysts expect that National Instruments will post 1.34 earnings per share for the current fiscal year.
In other National Instruments news, Director Duy Loan T. Le purchased 2,028 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were acquired at an average cost of $43.67 per share, for a total transaction of $88,562.76. Following the completion of the transaction, the director now owns 106,419 shares of the company’s stock, valued at $4,647,317.73. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $46.65, for a total transaction of $93,300.00. Following the completion of the transaction, the director now owns 354,086 shares in the company, valued at $16,518,111.90. The disclosure for this sale can be found here. Insiders sold 24,027 shares of company stock worth $1,022,729 in the last 90 days. 1.79% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NATI. Norges Bank bought a new position in National Instruments in the fourth quarter worth approximately $45,666,000. Millennium Management LLC raised its position in National Instruments by 472.9% in the fourth quarter. Millennium Management LLC now owns 1,115,638 shares of the technology company’s stock worth $50,628,000 after acquiring an additional 920,915 shares during the period. BlackRock Inc. raised its position in National Instruments by 6.4% in the first quarter. BlackRock Inc. now owns 12,365,543 shares of the technology company’s stock worth $548,534,000 after acquiring an additional 740,064 shares during the period. American Century Companies Inc. raised its position in National Instruments by 54.6% in the fourth quarter. American Century Companies Inc. now owns 1,127,933 shares of the technology company’s stock worth $51,186,000 after acquiring an additional 398,452 shares during the period. Finally, Two Sigma Investments LP raised its position in National Instruments by 843.7% in the fourth quarter. Two Sigma Investments LP now owns 314,264 shares of the technology company’s stock worth $14,261,000 after acquiring an additional 280,964 shares during the period. Institutional investors and hedge funds own 79.34% of the company’s stock.
National Instruments Company Profile
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.
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