National Instruments (NASDAQ:NATI) Stock Rating Lowered by StockNews.com

National Instruments (NASDAQ:NATIGet Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. decreased their price objective on National Instruments from $42.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, July 14th. The Goldman Sachs Group decreased their price objective on National Instruments from $48.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, June 1st. Finally, Morgan Stanley raised their target price on National Instruments from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, September 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.80.

National Instruments Trading Down 1.4 %

NASDAQ NATI opened at $39.12 on Friday. The stock’s 50-day simple moving average is $38.87 and its two-hundred day simple moving average is $36.90. National Instruments has a twelve month low of $29.81 and a twelve month high of $45.98. The company has a quick ratio of 1.57, a current ratio of 2.49 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 50.15 and a beta of 1.13.

National Instruments (NASDAQ:NATIGet Rating) last released its quarterly earnings data on Thursday, July 28th. The technology company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The firm had revenue of $395.50 million for the quarter, compared to the consensus estimate of $388.98 million. National Instruments had a return on equity of 15.63% and a net margin of 6.71%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share. Research analysts forecast that National Instruments will post 1.49 EPS for the current fiscal year.

Insider Buying and Selling

In other National Instruments news, CEO Eric Howard Starkloff sold 900 shares of National Instruments stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $42.00, for a total transaction of $37,800.00. Following the sale, the chief executive officer now directly owns 287,278 shares of the company’s stock, valued at approximately $12,065,676. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other National Instruments news, EVP Jason Elliot Green sold 5,000 shares of National Instruments stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $41.46, for a total transaction of $207,300.00. Following the sale, the executive vice president now directly owns 82,081 shares of the company’s stock, valued at approximately $3,403,078.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric Howard Starkloff sold 900 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $42.00, for a total value of $37,800.00. Following the completion of the sale, the chief executive officer now directly owns 287,278 shares in the company, valued at $12,065,676. The disclosure for this sale can be found here. Insiders have sold 10,900 shares of company stock valued at $438,050 over the last ninety days. 0.64% of the stock is owned by insiders.

Institutional Trading of National Instruments

Hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in shares of National Instruments in the 1st quarter worth approximately $25,000. Toth Financial Advisory Corp bought a new stake in shares of National Instruments in the 2nd quarter worth approximately $25,000. Van ECK Associates Corp bought a new stake in shares of National Instruments in the 1st quarter worth approximately $54,000. First Horizon Advisors Inc. bought a new stake in shares of National Instruments in the 2nd quarter worth approximately $50,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of National Instruments by 5,855.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the technology company’s stock worth $54,000 after purchasing an additional 1,698 shares in the last quarter. 83.25% of the stock is owned by institutional investors.

About National Instruments

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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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