National Instruments Corp. (NASDAQ:NATI) has been given an average recommendation of “Buy” by the six analysts that are presently covering the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $32.00.

A number of brokerages recently issued reports on NATI. TheStreet raised shares of National Instruments Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. Zacks Investment Research cut shares of National Instruments Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, July 30th. Finally, Stifel Nicolaus lowered their price target on shares of National Instruments Corp. from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, July 28th.

In related news, Director Duy Loan T. Le purchased 1,207 shares of National Instruments Corp. stock in a transaction dated Friday, November 4th. The stock was purchased at an average cost of $27.23 per share, for a total transaction of $32,866.61. Following the completion of the purchase, the director now directly owns 83,327 shares of the company’s stock, valued at approximately $2,268,994.21. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott Arthur Rust sold 17,454 shares of National Instruments Corp. stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $27.80, for a total transaction of $485,221.20. Following the completion of the sale, the insider now owns 32,808 shares of the company’s stock, valued at $912,062.40. The disclosure for this sale can be found here. 10.98% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in NATI. Parkside Financial Bank & Trust raised its stake in shares of National Instruments Corp. by 34.5% in the third quarter. Parkside Financial Bank & Trust now owns 4,032 shares of the company’s stock worth $115,000 after buying an additional 1,035 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of National Instruments Corp. by 643.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,333 shares of the company’s stock worth $119,000 after buying an additional 3,750 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of National Instruments Corp. by 27.1% in the second quarter. Glenmede Trust Co. NA now owns 4,617 shares of the company’s stock worth $126,000 after buying an additional 983 shares in the last quarter. Advisor Group Inc. raised its stake in shares of National Instruments Corp. by 50.8% in the third quarter. Advisor Group Inc. now owns 4,735 shares of the company’s stock worth $134,000 after buying an additional 1,596 shares in the last quarter. Finally, FineMark National Bank & Trust raised its stake in shares of National Instruments Corp. by 38.5% in the third quarter. FineMark National Bank & Trust now owns 5,456 shares of the company’s stock worth $155,000 after buying an additional 1,518 shares in the last quarter. Hedge funds and other institutional investors own 73.74% of the company’s stock.

Shares of National Instruments Corp. (NASDAQ:NATI) opened at 28.52 on Tuesday. The stock has a 50 day moving average price of $27.98 and a 200 day moving average price of $27.92. The firm has a market cap of $3.68 billion, a PE ratio of 42.57 and a beta of 0.89. National Instruments Corp. has a 12 month low of $25.90 and a 12 month high of $31.71.

National Instruments Corp. (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. National Instruments Corp. had a net margin of 6.95% and a return on equity of 9.79%. The company earned $306.36 million during the quarter, compared to analysts’ expectations of $304.91 million. During the same period last year, the company posted $0.24 EPS. National Instruments Corp.’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts expect that National Instruments Corp. will post $0.72 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Monday, November 14th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.80 annualized dividend and a yield of 2.81%. National Instruments Corp.’s dividend payout ratio (DPR) is presently 121.21%.

About National Instruments Corp.

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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