Brokerages Anticipate National Instruments Corp (NATI) to Announce $0.36 Earnings Per Share

Equities analysts predict that National Instruments Corp (NASDAQ:NATI) will announce earnings of $0.36 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for National Instruments’ earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.35. National Instruments posted earnings per share of $0.34 in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The company is scheduled to announce its next quarterly earnings results on Thursday, July 25th.

Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover National Instruments.

A number of equities analysts recently commented on the company. ValuEngine downgraded National Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Zacks Investment Research upgraded National Instruments from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Saturday, January 19th. Deutsche Bank downgraded National Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, BidaskClub downgraded National Instruments from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 9th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $48.50.



In related news, Director Duy Loan T. Le bought 2,028 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was bought at an average cost of $43.67 per share, for a total transaction of $88,562.76. Following the completion of the purchase, the director now directly owns 106,419 shares in the company, valued at approximately $4,647,317.73. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $43.60, for a total value of $87,200.00. Following the completion of the transaction, the director now owns 352,410 shares of the company’s stock, valued at $15,365,076. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock valued at $891,425 over the last quarter. Insiders own 1.79% of the company’s stock.

A number of hedge funds have recently modified their holdings of NATI. Oregon Public Employees Retirement Fund boosted its stake in National Instruments by 4,438.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,923,976 shares of the technology company’s stock valued at $42,000 after acquiring an additional 1,881,579 shares during the period. BlackRock Inc. boosted its stake in National Instruments by 18.3% in the fourth quarter. BlackRock Inc. now owns 11,625,479 shares of the technology company’s stock valued at $527,565,000 after acquiring an additional 1,800,639 shares during the period. Federated Investors Inc. PA boosted its stake in National Instruments by 1,315.4% in the third quarter. Federated Investors Inc. PA now owns 1,339,241 shares of the technology company’s stock valued at $64,726,000 after acquiring an additional 1,244,624 shares during the period. Norges Bank acquired a new position in National Instruments in the fourth quarter valued at approximately $45,666,000. Finally, Millennium Management LLC boosted its stake in National Instruments by 472.9% in the fourth quarter. Millennium Management LLC now owns 1,115,638 shares of the technology company’s stock valued at $50,628,000 after acquiring an additional 920,915 shares during the period. Institutional investors own 77.91% of the company’s stock.

NASDAQ:NATI opened at $40.63 on Friday. The stock has a market capitalization of $5.58 billion, a P/E ratio of 30.32 and a beta of 0.80. National Instruments has a one year low of $40.00 and a one year high of $51.00.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.46%. National Instruments’s dividend payout ratio (DPR) is 74.63%.

National Instruments Company Profile

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

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