National Instruments (NASDAQ:NATI) downgraded by StockNews.com to “Hold”


National Instruments (NASDAQ:NATI – Get an assessment) was downgraded by StockNews.com research analysts from a “buy” rating to a “hold” rating in a report released Thursday.

A number of other brokerages have also recently released reports on NATI. TheStreet downgraded National Instruments from a “b-” rating to a “c+” rating in a Thursday, April 28 research note. Goldman Sachs Group cut its price target on National Instruments from $48.00 to $43.00 and set a “buy” rating for the company in a Wednesday, June 1 research note. Finally, JPMorgan Chase & Co. reduced its price target on National Instruments from $42.00 to $35.00 and set a “neutral” rating for the company in a Thursday, July 14 research note. Two equity research analysts gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat.com, the stock currently has a consensus “moderate buy” rating and a consensus target price of $45.60.

National Instruments stock up 2.1%

National Instruments stock traded at $0.89 during Thursday’s session, hitting $42.91. 630,178 shares of the company were traded, against an average volume of 775,894. The company’s 50-day moving average is $34.73 and its 200-day moving average is $36.93. National Instruments has a 52-week low of $29.81 and a 52-week high of $45.98. The company has a market capitalization of $5.63 billion, a P/E ratio of 55.01 and a beta of 1.17. The company has a current ratio of 2.49, a quick ratio of 1.57 and a debt ratio of 0.41.

National Instruments (NASDAQ:NATI – Get Rating) last reported quarterly earnings data on Thursday, July 28. The technology company reported earnings per share (EPS) of $0.36 for the quarter, beating consensus analyst estimates of $0.34 by $0.02. The company posted revenue of $395.50 million in the quarter, versus a consensus estimate of $388.98 million. National Instruments achieved a return on equity of 15.63% and a net margin of 6.71%. The company’s revenue for the quarter increased 14.1% year over year. During the same quarter of the previous year, the company achieved EPS of $0.23. Analysts predict National Instruments will post 1.51 earnings per share for the current year.

Insider buying and selling

In other National Instruments news, CEO Eric Howard Starkloff sold 900 shares of the company in a trade dated Monday, August 15. The stock was sold at an average price of $42.00, for a total value of $37,800.00. Following the sale, the CEO now owns 287,278 shares of the company, valued at approximately $12,065,676. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. In other National Instruments news, Executive Vice President Jason Elliot Green sold 5,000 shares of the company in a trade dated Friday, August 12. The stock was sold at an average price of $41.46, for a total value of $207,300.00. Following the sale, the executive vice president now owns 82,081 shares of the company, valued at approximately $3,403,078.26. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, CEO Eric Howard Starkloff sold 900 shares of the company in a trade dated Monday, August 15. The shares were sold at an average price of $42.00, for a total value of $37,800.00. Following the completion of the sale, the CEO now directly owns 287,278 shares of the company, valued at approximately $12,065,676. The disclosure of this sale can be found here. During the last quarter, insiders sold 15,900 shares of the company valued at $611,750. Company insiders own 0.64% of the company’s shares.

Institutional negotiation of national instruments

Institutional investors and hedge funds have recently changed their stakes in the company. KBC Group NV bought a new position in shares of National Instruments during the 4th quarter, valued at approximately $74,000. Advisor Partners LLC purchased a new position in National Instruments stock during Q4, valued at approximately $208,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its National Instruments equity stake by 32.5% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 42,258 shares of the tech company valued at $1,836,000 after buying an additional 10,358 shares last quarter. American Century Companies Inc. increased its equity stake in National Instruments by 82.4% during the 4th quarter. American Century Companies Inc. now owns 978,290 shares of the technology company valued at $42,721,000 after buying an additional 441,887 shares last quarter. Finally, Crawford Investment Counsel Inc. increased its holding in National Instruments shares by 0.8% during the 4th quarter. Crawford Investment Counsel Inc. now owns 170,979 shares of the technology company valued at $7,467,000 after buying an additional 1,300 shares last quarter. Hedge funds and other institutional investors own 89.79% of the company’s shares.

About National Instruments

(Get a rating)

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 for viewing hardware configuration, measurement data, and application debugging; NI LabWindows/CVI, an ANSI C integrated development environment and engineering toolkit; and NI Measurement Studio, a suite of .NET tools for building engineering applications in Microsoft Visual Studio.

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