Wall Street analysts forecast that National Instruments Corp (NASDAQ:NATI) will report $339.60 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for National Instruments’ earnings. The highest sales estimate is $341.00 million and the lowest is $338.20 million. National Instruments reported sales of $341.01 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.4%. The firm is scheduled to report its next earnings results on Thursday, July 25th.
According to Zacks, analysts expect that National Instruments will report full year sales of $1.39 billion for the current year, with estimates ranging from $1.38 billion to $1.42 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.50 billion, with estimates ranging from $1.47 billion to $1.55 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for National Instruments.
A number of analysts recently weighed in on NATI shares. ValuEngine cut shares of National Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Zacks Investment Research upgraded shares of National Instruments from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Saturday, January 19th. Deutsche Bank cut shares of National Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, BidaskClub downgraded shares of National Instruments from a “sell” rating to a “strong sell” rating in a research report on Saturday, March 9th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $48.50.
In related news, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $45.67, for a total value of $91,340.00. Following the completion of the sale, the director now owns 356,045 shares in the company, valued at approximately $16,260,575.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Duy Loan T. Le purchased 2,028 shares of National Instruments stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average price of $43.67 per share, with a total value of $88,562.76. Following the transaction, the director now owns 106,419 shares in the company, valued at approximately $4,647,317.73. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 19,500 shares of company stock valued at $891,425. 1.79% of the stock is owned by insiders.
Several large investors have recently modified their holdings of NATI. Principal Financial Group Inc. lifted its position in National Instruments by 0.6% in the 1st quarter. Principal Financial Group Inc. now owns 500,119 shares of the technology company’s stock worth $22,184,000 after buying an additional 2,863 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new stake in National Instruments in the 1st quarter worth approximately $821,000. Campbell & CO Investment Adviser LLC purchased a new stake in National Instruments in the 1st quarter worth approximately $278,000. Rockefeller Capital Management L.P. lifted its position in National Instruments by 7.6% in the 1st quarter. Rockefeller Capital Management L.P. now owns 15,264 shares of the technology company’s stock worth $677,000 after buying an additional 1,080 shares in the last quarter. Finally, NumerixS Investment Technologies Inc lifted its position in National Instruments by 13.3% in the 1st quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the technology company’s stock worth $150,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 77.91% of the company’s stock.
Shares of NASDAQ:NATI opened at $42.34 on Monday. The company has a market cap of $5.58 billion, a P/E ratio of 31.60 and a beta of 0.80. National Instruments has a 1-year low of $40.00 and a 1-year high of $51.00.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.36%. National Instruments’s dividend payout ratio (DPR) is presently 74.63%.
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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