National Instruments Stock Forecast, Price & News

National Instruments' stock was trading at $33.86 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NATI shares have increased by 2.5% and is now trading at $34.72.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for National Instruments in the last year. There are currently 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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National Instruments is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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National Instruments Corp (NASDAQ:NATI) issued its earnings results on Thursday, July, 30th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.08. The technology company had revenue of $301.33 million for the quarter, compared to the consensus estimate of $301.51 million. National Instruments had a net margin of 19.25% and a return on equity of 12.46%.
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National Instruments declared a quarterly dividend on Monday, August 3rd. Shareholders of record on Monday, August 17th will be given a dividend of $0.26 per share on Tuesday, September 8th. This represents a $1.04 annualized dividend and a yield of 3.00%. The ex-dividend date is Friday, August 14th.
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National Instruments updated its third quarter earnings guidance on Thursday, July, 30th. The company provided EPS guidance of $0.14-0.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.30. The company issued revenue guidance of $285-325 million, compared to the consensus revenue estimate of $317.96 million.

6 analysts have issued 1-year price targets for National Instruments' stock. Their forecasts range from $35.00 to $46.00. On average, they expect National Instruments' share price to reach $40.17 in the next year. This suggests a possible upside of 15.7% from the stock's current price.
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National Instruments saw a decline in short interest in August. As of August 14th, there was short interest totaling 1,680,000 shares, a decline of 13.4% from the July 30th total of 1,940,000 shares. Based on an average daily volume of 546,900 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.4% of the shares of the stock are short sold.
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Some companies that are related to National Instruments include Cognex (CGNX), FLIR Systems (FLIR), Coherent (COHR), Itron (ITRI), Badger Meter (BMI), OSI Systems (OSIS), Mesa Laboratories (MLAB), FARO Technologies (FARO), MTS Systems (MTSC), Vishay Precision Group (VPG) and Daktronics (DAKT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other National Instruments investors own include QUALCOMM (QCOM), Abbott Laboratories (ABT), Accenture (ACN), Editas Medicine (EDIT), General Mills (GIS), IBM (IBM), Micron Technology (MU), Citigroup (C), Enbridge (ENB) and Pfizer (PFE).

National Instruments trades on the NASDAQ under the ticker symbol "NATI."

National Instruments' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.80%), William Blair Investment Management LLC (2.80%), Goldman Sachs Group Inc. (2.35%), Riverbridge Partners LLC (2.02%), Bank of New York Mellon Corp (1.25%) and King Luther Capital Management Corp (1.19%). Company insiders that own National Instruments stock include Carla Pineyro Sublett, Duy Loan T Le, Eric Howard Starkloff, Jeffrey L Kodosky, John Charles Roiko and Scott Arthur Rust.
View institutional ownership trends for National Instruments.

NATI stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Nuveen Asset Management LLC, Bank of Montreal Can, Canada Pension Plan Investment Board, Federated Hermes Inc., NN Investment Partners Holdings N.V., Man Group plc, and Balyasny Asset Management LLC. Company insiders that have sold National Instruments company stock in the last year include Carla Pineyro Sublett, Jeffrey L Kodosky, and John Charles Roiko.
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NATI stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Marshall Wace LLP, Bank of America Corp DE, Great Lakes Advisors LLC, Bessemer Group Inc., Assenagon Asset Management S.A., Ensign Peak Advisors Inc, and Bank of New York Mellon Corp.
View insider buying and selling activity for National Instruments.

Shares of NATI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of NATI stock can currently be purchased for approximately $34.72.

National Instruments has a market capitalization of $4.56 billion and generates $1.35 billion in revenue each year. The technology company earns $162.15 million in net income (profit) each year or $1.31 on an earnings per share basis. National Instruments employs 7,300 workers across the globe.

The official website for National Instruments is www.ni.com.

National Instruments' mailing address is 11500 North MoPac Expressway, Austin TX, 78759. The technology company can be reached via phone at 512-683-0100 or via email at [email protected]