National Instruments (NASDAQ:NATI) Sets New 12-Month Low at $31.35

Posted by on Jun 16th, 2022

National Instruments Co. (NASDAQ:NATI – Get Rating) reached a new 52-week low on Thursday . The company traded as low as $31.35 and last traded at $31.53, with a volume of 3828 shares trading hands. The stock had previously closed at $32.58.

A number of research firms recently weighed in on NATI. The Goldman Sachs Group lowered their target price on shares of National Instruments from $48.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, June 1st. StockNews.com initiated coverage on shares of National Instruments in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, TheStreet lowered shares of National Instruments from a “b-” rating to a “c+” rating in a research report on Thursday, April 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $48.20.

The company’s fifty day simple moving average is $35.80 and its two-hundred day simple moving average is $39.21. The company has a quick ratio of 1.45, a current ratio of 2.24 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 39.73 and a beta of 1.09.

National Instruments (NASDAQ:NATI – Get Rating) last released its earnings results on Thursday, April 28th. The technology company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The business had revenue of $385.26 million during the quarter, compared to the consensus estimate of $402.73 million. National Instruments had a net margin of 7.24% and a return on equity of 15.52%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS. Equities research analysts expect that National Instruments Co. will post 1.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Monday, May 9th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, May 6th. This is an increase from National Instruments’s previous quarterly dividend of $0.25. National Instruments’s dividend payout ratio (DPR) is 136.59%.

In other news, EVP Jason Elliot Green sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $34.51, for a total transaction of $86,275.00. Following the completion of the sale, the executive vice president now owns 91,908 shares in the company, valued at approximately $3,171,745.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Eric Howard Starkloff sold 19,032 shares of the firm’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $36.14, for a total transaction of $687,816.48. Following the sale, the chief executive officer now owns 288,978 shares of the company’s stock, valued at approximately $10,443,664.92. The disclosure for this sale can be found here. In the last three months, insiders sold 35,487 shares of company stock valued at $1,275,500. Insiders own 0.66% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc raised its stake in National Instruments by 4.7% in the 4th quarter. CIBC Asset Management Inc now owns 5,888 shares of the technology company’s stock worth $257,000 after purchasing an additional 264 shares in the last quarter. HighTower Advisors LLC raised its stake in National Instruments by 1.8% in the 4th quarter. HighTower Advisors LLC now owns 14,884 shares of the technology company’s stock worth $652,000 after purchasing an additional 265 shares in the last quarter. Stephens Inc. AR raised its stake in National Instruments by 4.9% in the 1st quarter. Stephens Inc. AR now owns 6,046 shares of the technology company’s stock worth $245,000 after purchasing an additional 280 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in National Instruments by 4.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 6,801 shares of the technology company’s stock worth $269,000 after purchasing an additional 298 shares in the last quarter. Finally, Coastline Trust Co raised its stake in National Instruments by 0.5% in the 1st quarter. Coastline Trust Co now owns 60,030 shares of the technology company’s stock worth $2,437,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

About National Instruments (NASDAQ:NATI)

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging of application; 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.

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