National Instruments (NASDAQ:NATI) Now Covered by Analysts at StockNews.com

Posted by Defense World Staff on Jun 14th, 2023

StockNews.com started coverage on shares of National Instruments (NASDAQ:NATI – Get Rating) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the technology company’s stock.

A number of other analysts have also recently commented on NATI. Susquehanna cut National Instruments from a “positive” rating to a “neutral” rating and set a $60.00 price target for the company. in a research report on Thursday, April 13th. Jefferies Financial Group lowered National Instruments from a “buy” rating to a “hold” rating and upped their price objective for the stock from $55.00 to $60.00 in a research note on Friday, April 14th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $60.00 price target (up from $52.00) on shares of National Instruments in a research note on Thursday, April 13th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, National Instruments presently has a consensus rating of “Hold” and a consensus target price of $52.57.

National Instruments Stock Up 0.3 %

National Instruments stock opened at $57.72 on Wednesday. The stock has a market cap of $7.59 billion, a PE ratio of 47.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 2.06. National Instruments has a one year low of $29.81 and a one year high of $58.30. The stock has a fifty day moving average of $57.40 and a 200 day moving average of $50.61.

National Instruments (NASDAQ:NATI – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $436.83 million during the quarter, compared to analysts’ expectations of $430.44 million. National Instruments had a return on equity of 20.15% and a net margin of 9.44%. As a group, sell-side analysts predict that National Instruments will post 1.77 EPS for the current year.

Insider Transactions at National Instruments

In other news, Director Alexander M. Davern sold 5,037 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $58.05, for a total value of $292,397.85. Following the sale, the director now directly owns 188,532 shares in the company, valued at $10,944,282.60. The sale was disclosed in a document filed with the SEC, which is available at this link. In other National Instruments news, Director Alexander M. Davern sold 5,037 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $58.05, for a total transaction of $292,397.85. Following the sale, the director now owns 188,532 shares of the company’s stock, valued at approximately $10,944,282.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ritu Favre sold 3,494 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $57.70, for a total value of $201,603.80. Following the sale, the executive vice president now directly owns 39,237 shares in the company, valued at approximately $2,263,974.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,352 shares of company stock worth $2,223,023. 0.66% of the stock is currently owned by company insiders.

Institutional Trading of National Instruments

Institutional investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new stake in shares of National Instruments in the 1st quarter worth $30,000. Belpointe Asset Management LLC raised its stake in National Instruments by 44.6% in the 1st quarter. Belpointe Asset Management LLC now owns 730 shares of the technology company’s stock worth $38,000 after acquiring an additional 225 shares during the last quarter. Quadrant Capital Group LLC raised its stake in National Instruments by 225.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 781 shares of the technology company’s stock worth $29,000 after acquiring an additional 541 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in National Instruments in the 3rd quarter worth $33,000. Finally, Machina Capital S.A.S. purchased a new position in National Instruments in the 1st quarter worth $52,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

National Instruments Company Profile

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National Instruments Corporation provides a software-centric platform to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging; NI LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox; and NI Measurement Studio, a suite of .NET tools for building engineering applications in Microsoft Visual Studio.