National Instruments (NASDAQ:NATI) Hits New 12-Month High at $55.04

National Instruments Co. (NASDAQ:NATIGet Rating)’s share price reached a new 52-week high on Friday . The company traded as high as $55.04 and last traded at $54.57, with a volume of 127182 shares changing hands. The stock had previously closed at $53.77.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. TheStreet upgraded shares of National Instruments from a “c” rating to a “b-” rating in a report on Thursday, October 27th. Jefferies Financial Group initiated coverage on National Instruments in a research note on Tuesday, November 22nd. They issued a “buy” rating and a $50.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $52.00 target price on shares of National Instruments in a research report on Tuesday, January 17th. UBS Group assumed coverage on shares of National Instruments in a research report on Thursday, October 20th. They issued a “neutral” rating and a $43.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of National Instruments from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, October 10th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.13.

National Instruments Price Performance

The firm has a market cap of $7.08 billion, a P/E ratio of 51.67 and a beta of 1.09. The stock’s 50-day moving average is $40.38 and its 200-day moving average is $39.03. The company has a quick ratio of 1.58, a current ratio of 2.45 and a debt-to-equity ratio of 0.48.

National Instruments (NASDAQ:NATIGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.10. National Instruments had a net margin of 8.59% and a return on equity of 16.91%. The company had revenue of $427.93 million for the quarter, compared to the consensus estimate of $426.71 million. As a group, equities analysts anticipate that National Instruments Co. will post 1.39 EPS for the current fiscal year.

National Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Stockholders of record on Monday, November 7th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Friday, November 4th. National Instruments’s payout ratio is presently 106.67%.

Insider Activity at National Instruments

In other news, EVP Ritu Favre sold 1,437 shares of National Instruments stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $38.18, for a total transaction of $54,864.66. Following the sale, the executive vice president now directly owns 38,465 shares in the company, valued at approximately $1,468,593.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Eric Howard Starkloff sold 1,200 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $54.40, for a total value of $65,280.00. Following the sale, the chief executive officer now owns 282,278 shares of the company’s stock, valued at approximately $15,355,923.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ritu Favre sold 1,437 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $38.18, for a total transaction of $54,864.66. Following the completion of the transaction, the executive vice president now owns 38,465 shares in the company, valued at $1,468,593.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,437 shares of company stock worth $288,351. 0.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NATI. Naples Global Advisors LLC raised its holdings in shares of National Instruments by 6.0% in the fourth quarter. Naples Global Advisors LLC now owns 79,925 shares of the technology company’s stock valued at $2,949,000 after buying an additional 4,525 shares during the last quarter. Maryland State Retirement & Pension System acquired a new stake in National Instruments in the 4th quarter valued at about $378,000. Exchange Traded Concepts LLC bought a new position in shares of National Instruments in the fourth quarter worth about $14,366,000. Handelsinvest Investeringsforvaltning bought a new stake in shares of National Instruments during the fourth quarter valued at approximately $11,218,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of National Instruments by 1.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 41,533 shares of the technology company’s stock valued at $1,533,000 after purchasing an additional 555 shares in the last quarter. Institutional investors own 90.87% of the company’s stock.

National Instruments Company Profile

(Get Rating)

National Instruments Corp. engages in the design, manufacture, and sale of systems to engineers and scientists that accelerate productivity, innovation and discovery. The firm’s products include Labview, TestStand, FlexLogger, Voltage, Temperature, Software Defined Radios, Power Accessories, and Repair Services.

See Also

Receive News & Ratings for National Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Instruments and related companies with MarketBeat.com's FREE daily email newsletter.