Shares of National Instruments Corp (NASDAQ:NATI) have been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $47.00.

A number of equities analysts recently issued reports on NATI shares. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, July 16th. BidaskClub upgraded shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Finally, Deutsche Bank downgraded shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 price target on the stock. in a research note on Wednesday, May 1st. They noted that the move was a valuation call.

In other National Instruments news, insider Scott Arthur Rust sold 3,027 shares of National Instruments stock in a transaction on Friday, May 17th. The shares were sold at an average price of $40.88, for a total transaction of $123,743.76. Following the sale, the insider now owns 40,659 shares in the company, valued at $1,662,139.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $47.55, for a total transaction of $95,100.00. Following the completion of the sale, the director now owns 353,086 shares in the company, valued at approximately $16,789,239.30. The disclosure for this sale can be found here. Insiders have sold 24,027 shares of company stock worth $1,015,149 in the last quarter. Corporate insiders own 1.79% of the company’s stock.

Large investors have recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its stake in shares of National Instruments by 8.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 69,893 shares of the technology company’s stock valued at $2,945,000 after purchasing an additional 5,737 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in shares of National Instruments by 1,039.3% in the 1st quarter. State of Tennessee Treasury Department now owns 100,000 shares of the technology company’s stock valued at $4,436,000 after purchasing an additional 91,223 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of National Instruments in the 4th quarter valued at $214,000. Texas Permanent School Fund boosted its stake in shares of National Instruments by 3.6% in the 1st quarter. Texas Permanent School Fund now owns 76,321 shares of the technology company’s stock valued at $3,386,000 after purchasing an additional 2,658 shares in the last quarter. Finally, We Are One Seven LLC boosted its stake in shares of National Instruments by 97.7% in the 1st quarter. We Are One Seven LLC now owns 7,694 shares of the technology company’s stock valued at $341,000 after purchasing an additional 3,803 shares in the last quarter. Institutional investors own 79.51% of the company’s stock.

NATI stock traded up $0.14 on Tuesday, reaching $43.15. 472,431 shares of the company were exchanged, compared to its average volume of 727,951. National Instruments has a 12 month low of $38.01 and a 12 month high of $51.00. The company has a fifty day simple moving average of $41.13. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 32.20 and a beta of 0.94.

National Instruments (NASDAQ:NATI) last announced its earnings results on Tuesday, April 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). National Instruments had a return on equity of 15.19% and a net margin of 11.34%. The company had revenue of $311.07 million for the quarter, compared to the consensus estimate of $321.25 million. As a group, sell-side analysts forecast that National Instruments will post 1.35 EPS for the current year.

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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