National Instruments - NATI Stock Forecast, Price & News

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging of application; 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. The company's application software comprises NI TestStand that is used for automated test and measurement applications in manufacturing environment; NI VeriStand, a software environment for configuring real-time testing applications; Flexlogger for sensor configuration and data logging of mixed signals; and NI InsightCM Enterprise, a software for monitoring ancillary rotating equipment. Its operations management and analytic enterprise software include NI DIAdem, which is configuration-based technical data management, analysis, and report generation tools to mine and analyze engineering and measurement data; NI SystemLink, a systems management and data collection software that enables the mass coordination of connected devices, software deployments, and data communications throughout a distributed system; and NI Optimal Plus. The company also offers PXI hardware form factor; and NI semiconductor test systems, as well as software and hardware maintenance, and training and certification services. It serves semiconductor, transportation, aerospace, and defense industries; and government agencies. National Instruments Corporation has strategic agreements with Konrad Technologies, Inc. to develop test systems and solutions for autonomous driving software and hardware validation; and Foretellix Ltd. to enhance the safety of advanced driver-assistance systems and autonomous vehicles. The company was incorporated in 1976 and is headquartered in Austin, Texas.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NATI. The Goldman Sachs Group cut their price target on National Instruments from $48.00 to $43.00 and set a "buy" rating on the stock in a report on Wednesday, June 1st. JPMorgan Chase & Co. cut their target price on National Instruments from $42.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, July 14th. Finally, TheStreet cut National Instruments from a "b-" rating to a "c+" rating in a report on Thursday, April 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $45.60.

National Instruments Stock Performance

NATI traded up $0.14 during trading hours on Monday, hitting $39.53. The stock had a trading volume of 751,948 shares, compared to its average volume of 781,808. The company's fifty day simple moving average is $33.73 and its 200 day simple moving average is $36.83. National Instruments has a 1 year low of $29.81 and a 1 year high of $45.98. The stock has a market cap of $5.19 billion, a PE ratio of 50.68 and a beta of 1.17. The company has a quick ratio of 1.57, a current ratio of 2.49 and a debt-to-equity ratio of 0.41.

National Instruments (NASDAQ:NATI - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. The firm had revenue of $395.50 million during the quarter, compared to the consensus estimate of $388.98 million. National Instruments had a return on equity of 15.63% and a net margin of 6.71%. The company's revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the company posted $0.23 EPS. Equities analysts anticipate that National Instruments will post 1.51 earnings per share for the current year.

National Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Monday, August 8th will be given a $0.28 dividend. The ex-dividend date is Friday, August 5th. This represents a $1.12 dividend on an annualized basis and a yield of 2.83%. National Instruments's payout ratio is 143.59%.

Insider Buying and Selling

In other National Instruments news, EVP Jason Elliot Green sold 5,000 shares of National Instruments stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $38.59, for a total value of $192,950.00. Following the transaction, the executive vice president now directly owns 86,908 shares of the company's stock, valued at approximately $3,353,779.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 10,000 shares of company stock worth $366,650 in the last quarter. 0.66% of the stock is owned by insiders.