National Instruments (NATI) Receiving Somewhat Positive Press Coverage, Report Finds
News coverage about National Instruments (NASDAQ:NATI) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. National Instruments earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.3124543031486 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Why National Instruments Corporation (NATI) Could Be A Buy (finance.yahoo.com)
- Cvent (CVT) & National Instruments (NATI) Head-To-Head Comparison (americanbankingnews.com)
- NI Announces MAC Layer Support for Its 802.11 Application Framework to Advance WiFi and 5G Research (finance.yahoo.com)
- Two L.A. librarians receive national public service honor (pressreleasepoint.com)
- An all-new weather prediction system is on its way (astronomy.com)
A number of research firms have weighed in on NATI. Stifel Nicolaus restated a “buy” rating and set a $46.00 price target on shares of National Instruments in a research report on Sunday, October 29th. Zacks Investment Research downgraded National Instruments from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.25.
National Instruments (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. National Instruments had a return on equity of 10.16% and a net margin of 8.72%. The firm had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $319.78 million. During the same period last year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. analysts expect that National Instruments will post 0.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 13th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.97%. National Instruments’s dividend payout ratio (DPR) is currently 100.00%.
In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $42.36, for a total transaction of $84,720.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James J. Truchard sold 7,500 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $40.88, for a total value of $306,600.00. Following the transaction, the director now directly owns 9,016,416 shares in the company, valued at $368,591,086.08. The disclosure for this sale can be found here. Insiders have sold 1,061,151 shares of company stock worth $46,279,144 over the last ninety days. Insiders own 9.92% of the company’s stock.
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National Instruments Company Profile
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.
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