Analysts expect that National Instruments Corp (NASDAQ:NATI) will post $338.95 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for National Instruments’ earnings, with the lowest sales estimate coming in at $338.00 million and the highest estimate coming in at $339.90 million. National Instruments reported sales of $346.13 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.1%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 24th.
According to Zacks, analysts expect that National Instruments will report full-year sales of $1.35 billion for the current year, with estimates ranging from $1.34 billion to $1.36 billion. For the next year, analysts anticipate that the firm will report sales of $1.41 billion, with estimates ranging from $1.38 billion to $1.44 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover National Instruments.
A number of research firms have weighed in on NATI. Zacks Investment Research cut shares of National Instruments from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. ValuEngine cut shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank cut shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, BidaskClub raised shares of National Instruments from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. National Instruments presently has a consensus rating of “Hold” and a consensus price target of $49.33.
NASDAQ NATI opened at $42.13 on Monday. The business’s fifty day moving average is $43.04. The company has a market capitalization of $5.70 billion, a PE ratio of 31.44 and a beta of 0.93. National Instruments has a fifty-two week low of $38.01 and a fifty-two week high of $51.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.37%. National Instruments’s dividend payout ratio is 74.63%.
In related news, insider Scott Arthur Rust sold 3,027 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $40.88, for a total value of $123,743.76. Following the sale, the insider now owns 40,659 shares of the company’s stock, valued at $1,662,139.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $39.60, for a total transaction of $79,200.00. Following the completion of the sale, the director now directly owns 350,910 shares in the company, valued at approximately $13,896,036. The disclosure for this sale can be found here. In the last three months, insiders sold 24,027 shares of company stock worth $1,005,629. 1.79% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. Valeo Financial Advisors LLC lifted its holdings in National Instruments by 261.6% in the second quarter. Valeo Financial Advisors LLC now owns 1,027 shares of the technology company’s stock valued at $43,000 after buying an additional 743 shares during the period. Icon Wealth Partners LLC acquired a new position in National Instruments in the first quarter valued at $49,000. Quadrant Capital Group LLC lifted its holdings in National Instruments by 2,522.7% in the first quarter. Quadrant Capital Group LLC now owns 1,154 shares of the technology company’s stock valued at $49,000 after buying an additional 1,110 shares during the period. Financial Gravity Wealth Inc. acquired a new position in National Instruments in the first quarter valued at $59,000. Finally, FTB Advisors Inc. lifted its holdings in National Instruments by 219.4% in the second quarter. FTB Advisors Inc. now owns 1,495 shares of the technology company’s stock valued at $62,000 after buying an additional 1,027 shares during the period. 79.47% of the stock is currently owned by institutional investors.
About National Instruments
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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