National Instruments Corp (NASDAQ:NATI) has been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $42.00.
Several research firms recently commented on NATI. Zacks Investment Research raised shares of National Instruments from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Thursday, December 28th. BidaskClub downgraded shares of National Instruments from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 16th. Robert W. Baird reaffirmed a “buy” rating on shares of National Instruments in a research note on Wednesday, January 31st. Stifel Nicolaus raised their price target on shares of National Instruments from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, ValuEngine raised shares of National Instruments from a “hold” rating to a “buy” rating in a research note on Thursday.
Shares of National Instruments (NATI) opened at $50.41 on Friday. National Instruments has a 12 month low of $31.39 and a 12 month high of $51.29. The firm has a market cap of $6,610.10, a price-to-earnings ratio of 126.03 and a beta of 1.03.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 12th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, February 9th. This is an increase from National Instruments’s previous quarterly dividend of $0.21. National Instruments’s dividend payout ratio (DPR) is currently 230.01%.
In other National Instruments news, Director James J. Truchard sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $41.88, for a total transaction of $314,100.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James J. Truchard sold 102,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $50.58, for a total transaction of $5,184,450.00. Following the transaction, the director now directly owns 7,752,537 shares in the company, valued at approximately $392,123,321.46. The disclosure for this sale can be found here. Insiders sold a total of 520,766 shares of company stock worth $25,864,703 in the last ninety days. 9.92% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of NATI. Alliancebernstein L.P. increased its position in National Instruments by 3,081.3% during the 4th quarter. Alliancebernstein L.P. now owns 2,000,276 shares of the technology company’s stock valued at $83,271,000 after purchasing an additional 1,937,399 shares during the period. American Century Companies Inc. increased its position in National Instruments by 37.7% during the 4th quarter. American Century Companies Inc. now owns 2,137,187 shares of the technology company’s stock valued at $88,971,000 after purchasing an additional 584,819 shares during the period. First Trust Advisors LP increased its position in National Instruments by 480.0% during the 3rd quarter. First Trust Advisors LP now owns 513,720 shares of the technology company’s stock valued at $21,664,000 after purchasing an additional 425,154 shares during the period. Allianz Asset Management GmbH purchased a new position in National Instruments during the 4th quarter valued at about $12,739,000. Finally, Janus Henderson Group PLC increased its position in National Instruments by 2.5% during the 3rd quarter. Janus Henderson Group PLC now owns 10,804,219 shares of the technology company’s stock valued at $455,616,000 after purchasing an additional 262,578 shares during the period. 78.60% of the stock is currently owned by institutional investors and hedge funds.
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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