National Instruments Corp. (NATI) Upgraded at Robert W. Baird

National Instruments Corp. (NATI) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of National Instruments Corp. (NASDAQ:NATI) from a neutral rating to an outperform rating in a research report report published on Thursday. They currently have $35.00 target price on the stock, up from their prior target price of $32.00.

Separately, Zacks Investment Research upgraded shares of National Instruments Corp. from a sell rating to a hold rating in a research note on Tuesday, September 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. National Instruments Corp. has an average rating of Buy and an average price target of $32.75.

National Instruments Corp. (NASDAQ:NATI) opened at 30.86 on Thursday. National Instruments Corp. has a 1-year low of $25.90 and a 1-year high of $30.88. The firm’s 50-day moving average is $29.83 and its 200-day moving average is $28.42. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 46.06 and a beta of 0.91.

National Instruments Corp. (NASDAQ:NATI) last released its earnings results on Thursday, October 27th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.07. The firm earned $306.36 million during the quarter, compared to analysts’ expectations of $304.91 million. National Instruments Corp. had a net margin of 6.95% and a return on equity of 9.79%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. On average, equities analysts anticipate that National Instruments Corp. will post $0.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 5th. Stockholders of record on Monday, November 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Wednesday, November 9th. National Instruments Corp.’s dividend payout ratio is 121.21%.

In other news, insider Scott Arthur Rust sold 17,454 shares of the stock in a transaction on Monday, October 31st. The shares were sold at an average price of $27.80, for a total value of $485,221.20. Following the completion of the transaction, the insider now owns 32,808 shares in the company, valued at approximately $912,062.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Alexander M. Davern sold 5,500 shares of the stock in a transaction on Monday, November 7th. The shares were sold at an average price of $28.31, for a total transaction of $155,705.00. Following the completion of the transaction, the chief financial officer now owns 81,227 shares of the company’s stock, valued at approximately $2,299,536.37. The disclosure for this sale can be found here. 10.98% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in NATI. Guggenheim Capital LLC boosted its position in shares of National Instruments Corp. by 1.2% in the second quarter. Guggenheim Capital LLC now owns 8,445 shares of the company’s stock worth $231,000 after buying an additional 101 shares in the last quarter. Huntington National Bank boosted its position in shares of National Instruments Corp. by 2.0% in the third quarter. Huntington National Bank now owns 9,261 shares of the company’s stock worth $263,000 after buying an additional 179 shares in the last quarter. State Treasurer State of Michigan boosted its position in shares of National Instruments Corp. by 0.5% in the second quarter. State Treasurer State of Michigan now owns 40,475 shares of the company’s stock worth $1,109,000 after buying an additional 200 shares in the last quarter. Scotia Capital Inc. boosted its position in shares of National Instruments Corp. by 1.6% in the second quarter. Scotia Capital Inc. now owns 13,734 shares of the company’s stock worth $377,000 after buying an additional 210 shares in the last quarter. Finally, Dearborn Partners LLC boosted its position in shares of National Instruments Corp. by 3.4% in the third quarter. Dearborn Partners LLC now owns 9,000 shares of the company’s stock worth $256,000 after buying an additional 300 shares in the last quarter. Institutional investors own 74.67% of the company’s stock.

National Instruments Corp. Company Profile

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering, which provides an integrated software and hardware platform for measurement and control systems. Its products include reusable hardware and software modules.

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