Published On: Mon, Sep 19th, 2016

National Instruments Corp. (NATI) Price Target Cut to $32.00 by Analysts at Stifel Nicolaus

National Instruments Corp. (NASDAQ:NATI) had its price objective cut by equities researchers at Stifel Nicolaus from $33.00 to $32.00 in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 17.91% from the stock’s previous close.
NATI has been the subject of several other research reports. Zacks Investment Research upgraded National Instruments Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, March 31st. FBR & Co reiterated a “marketperform” rating and issued a $28.00 target price on shares of National Instruments Corp. in a research report on Tuesday, May 10th. Robert W. Baird reiterated a “hold” rating on shares of National Instruments Corp. in a research report on Monday, May 2nd. Finally, TheStreet lowered National Instruments Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. National Instruments Corp. currently has a consensus rating of “Buy” and an average price target of $31.50.
Shares of National Instruments Corp. (NASDAQ:NATI) traded down 0.91% on Thursday, hitting $27.14. The stock had a trading volume of 992,936 shares. The company’s 50-day moving average price is $28.05 and its 200 day moving average price is $28.28. The firm has a market cap of $3.49 billion, a P/E ratio of 41.12 and a beta of 1.05. National Instruments Corp. has a 12-month low of $25.90 and a 12-month high of $31.71.

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National Instruments Corp. (NASDAQ:NATI) last issued its earnings results on Wednesday, July 27th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The company earned $306.10 million during the quarter, compared to analyst estimates of $311.53 million. National Instruments Corp. had a return on equity of 9.70% and a net margin of 6.88%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. On average, equities research analysts forecast that National Instruments Corp. will post $0.71 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 15th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.80 dividend on an annualized basis and a yield of 2.95%. National Instruments Corp.’s dividend payout ratio is currently 123.08%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NATI. Wellington Management Group LLP raised its position in shares of National Instruments Corp. by 15.4% in the first quarter. Wellington Management Group LLP now owns 5,971,443 shares of the company’s stock worth $179,800,000 after buying an additional 795,525 shares during the period. Russell Frank Co raised its position in shares of National Instruments Corp. by 39.5% in the fourth quarter. Russell Frank Co now owns 35,278 shares of the company’s stock worth $1,027,000 after buying an additional 9,984 shares during the period. Janus Capital Management raised its position in shares of National Instruments Corp. by 1.5% in the third quarter. Janus Capital Management now owns 6,827,193 shares of the company’s stock worth $189,728,000 after buying an additional 103,380 shares during the period. Liberty Mutual Group Asset Management Inc. raised its position in shares of National Instruments Corp. by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 65,606 shares of the company’s stock worth $1,881,000 after buying an additional 22,264 shares during the period. Finally, State Street Corp raised its position in shares of National Instruments Corp. by 2.7% in the first quarter. State Street Corp now owns 2,777,730 shares of the company’s stock worth $83,638,000 after buying an additional 73,919 shares during the period. Institutional investors and hedge funds own 73.25% of the company’s stock.
About National Instruments Corp.
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering, which provides an integrated software and hardware platform for measurement and control systems. Its products include reusable hardware and software modules.

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