National Instruments (NASDAQ:NATI) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of National Instruments (NASDAQ:NATI) in a report issued on Monday. The brokerage issued a buy rating on the technology company’s stock.

National Instruments Stock Performance

Shares of NASDAQ NATI opened at $59.60 on Monday. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 44.15 and a beta of 1.15. The business has a 50 day simple moving average of $58.76 and a 200 day simple moving average of $56.85. National Instruments has a 52 week low of $34.97 and a 52 week high of $59.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.54 and a current ratio of 2.49.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). The firm had revenue of $416.80 million during the quarter, compared to the consensus estimate of $441.49 million. National Instruments had a net margin of 10.37% and a return on equity of 22.27%. On average, research analysts predict that National Instruments will post 1.74 earnings per share for the current fiscal year.

National Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 8th were given a dividend of $0.28 per share. The ex-dividend date was Monday, August 7th. This represents a $1.12 dividend on an annualized basis and a yield of 1.88%. National Instruments’s payout ratio is currently 82.96%.

Institutional Investors Weigh In On National Instruments

A number of large investors have recently added to or reduced their stakes in the stock. Atlas Capital Advisors LLC boosted its position in National Instruments by 3.4% during the second quarter. Atlas Capital Advisors LLC now owns 6,042 shares of the technology company’s stock worth $347,000 after purchasing an additional 199 shares during the period. Mission Wealth Management LP boosted its position in shares of National Instruments by 0.8% in the first quarter. Mission Wealth Management LP now owns 24,809 shares of the technology company’s stock valued at $1,300,000 after acquiring an additional 204 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of National Instruments by 3.9% in the first quarter. Avantax Advisory Services Inc. now owns 5,815 shares of the technology company’s stock valued at $305,000 after acquiring an additional 218 shares during the period. Belpointe Asset Management LLC boosted its position in shares of National Instruments by 44.6% in the first quarter. Belpointe Asset Management LLC now owns 730 shares of the technology company’s stock valued at $38,000 after acquiring an additional 225 shares during the period. Finally, Summit Trail Advisors LLC boosted its position in shares of National Instruments by 3.2% in the second quarter. Summit Trail Advisors LLC now owns 7,693 shares of the technology company’s stock valued at $442,000 after acquiring an additional 235 shares during the period. Institutional investors own 80.40% of the company’s stock.

National Instruments Company Profile

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