Headlines about National Instruments (NASDAQ:NATI) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. National Instruments earned a news impact score of 0.11 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 46.063237735447 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern’s analysis:
- Nearly 50 suspected NI deaths in less than five months (itv.com)
- NI AWR Design Environment Example: Wolfspeed MMIC Design (rfglobalnet.com)
- High Ni price could drive substitution in EVs (amm.com)
- NI police officer numbers hit new low (itv.com)
- Italian Open: NI’s Graeme McDowell sitting second at halfway stage (bbc.co.uk)
Several brokerages recently commented on NATI. Zacks Investment Research downgraded National Instruments from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. BidaskClub upgraded National Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 3rd. ValuEngine upgraded National Instruments from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Robert W. Baird lowered National Instruments from an “outperform” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research note on Monday, April 2nd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $52.33.
National Instruments (NASDAQ:NATI) last issued its quarterly earnings data on Thursday, April 26th. The technology company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. National Instruments had a return on equity of 11.50% and a net margin of 4.50%. The firm had revenue of $311.90 million during the quarter, compared to analyst estimates of $322.77 million. During the same quarter last year, the firm earned $0.21 EPS. National Instruments’s quarterly revenue was up 3.9% on a year-over-year basis. equities research analysts forecast that National Instruments will post 1.22 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Shareholders of record on Monday, May 14th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, May 11th. This represents a $0.92 dividend on an annualized basis and a yield of 2.16%. National Instruments’s dividend payout ratio (DPR) is presently 97.87%.
In other National Instruments news, Director Gerhard Paul Fettweis sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $42.11, for a total transaction of $33,688.00. Following the completion of the sale, the director now owns 10,182 shares in the company, valued at approximately $428,764.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Scott Arthur Rust sold 6,372 shares of the firm’s stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $41.45, for a total value of $264,119.40. Following the sale, the insider now owns 32,025 shares of the company’s stock, valued at approximately $1,327,436.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 702,472 shares of company stock valued at $35,376,729. 7.98% of the stock is owned by insiders.
About National Instruments
National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.
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