Press coverage about National Instruments Corporation (NASDAQ:NATI) has been trending somewhat positive this week, Alpha One reports. The research firm, a service of Accern, identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. National Instruments Corporation earned a news sentiment score of 0.07 on Alpha One’s scale. Alpha One also assigned press coverage about the technology company an impact score of 93 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the immediate future.
A number of research analysts have issued reports on the company. Zacks Investment Research cut National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Deutsche Bank AG began coverage on National Instruments Corporation in a research note on Tuesday, May 16th. They issued a “hold” rating and a $34.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $35.75.
National Instruments Corporation (NASDAQ NATI) traded up 0.62% during mid-day trading on Friday, reaching $39.13. The company’s stock had a trading volume of 851,706 shares. The stock has a 50-day moving average price of $37.21 and a 200-day moving average price of $33.07. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 55.19 and a beta of 0.94. National Instruments Corporation has a one year low of $25.90 and a one year high of $40.58.
National Instruments Corporation (NASDAQ:NATI) last issued its earnings results on Thursday, April 27th. The technology company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The firm had revenue of $300.10 million during the quarter, compared to the consensus estimate of $300.30 million. National Instruments Corporation had a net margin of 7.76% and a return on equity of 9.85%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Equities research analysts forecast that National Instruments Corporation will post $0.91 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 5th. Investors of record on Monday, May 15th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.15%. National Instruments Corporation’s payout ratio is currently 113.51%.
In other National Instruments Corporation news, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $38.51, for a total value of $77,020.00. Following the completion of the transaction, the director now owns 387,271 shares in the company, valued at $14,913,806.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James J. Truchard sold 2,500 shares of the company’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $31.88, for a total transaction of $79,700.00. Following the completion of the transaction, the director now owns 9,263,916 shares of the company’s stock, valued at approximately $295,333,642.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,354 shares of company stock valued at $4,554,109. Insiders own 9.92% of the company’s stock.
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National Instruments Corporation Company Profile
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.
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