Shares of National Instruments Corp (NASDAQ:NATI) have been given an average rating of “Hold” by the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $40.40.

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of National Instruments in a research report on Tuesday, April 14th. They set a “neutral” rating and a $37.00 target price on the stock. Susquehanna Bancshares reiterated a “hold” rating and set a $34.00 price target on shares of National Instruments in a report on Friday, April 3rd. BidaskClub downgraded shares of National Instruments from a “sell” rating to a “strong sell” rating in a report on Friday. Robert W. Baird upped their price target on shares of National Instruments from $30.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a report on Friday, May 8th.

Hedge funds have recently modified their holdings of the business. Signaturefd LLC grew its stake in National Instruments by 87.6% in the 1st quarter. Signaturefd LLC now owns 771 shares of the technology company’s stock worth $26,000 after acquiring an additional 360 shares in the last quarter. BDO Wealth Advisors LLC bought a new position in National Instruments in the 1st quarter worth about $26,000. CENTRAL TRUST Co bought a new position in National Instruments in the 1st quarter worth about $30,000. Fuller & Thaler Asset Management Inc. bought a new position in National Instruments in the 1st quarter worth about $42,000. Finally, FMR LLC grew its stake in National Instruments by 38.5% in the 4th quarter. FMR LLC now owns 1,154 shares of the technology company’s stock worth $48,000 after acquiring an additional 321 shares in the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

Shares of NASDAQ NATI opened at $36.24 on Wednesday. The firm’s 50-day moving average price is $35.67 and its 200-day moving average price is $40.21. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 17.51 and a beta of 1.05. National Instruments has a 12-month low of $20.42 and a 12-month high of $47.89.

National Instruments (NASDAQ:NATI) last announced its earnings results on Thursday, April 30th. The technology company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.84. The firm had revenue of $309.38 million for the quarter, compared to analysts’ expectations of $312.11 million. National Instruments had a net margin of 20.09% and a return on equity of 13.96%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. On average, equities analysts forecast that National Instruments will post 0.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, May 18th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.04 dividend on an annualized basis and a yield of 2.87%. National Instruments’s dividend payout ratio is currently 79.39%.

National Instruments Company Profile

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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Analyst Recommendations for National Instruments (NASDAQ:NATI)

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