December 1, 2016 - By Clifton Ray · 0 Comments
National Instruments Corp (NASDAQ:NATI) institutional sentiment decreased to 1.56 in 2016 Q2. Its down -0.02, from 1.58 in 2016Q1. The ratio is negative, as 126 investment professionals increased and started new stock positions, while 80 reduced and sold positions in National Instruments Corp. The investment professionals in our partner’s database now possess: 93.24 million shares, down from 94.52 million shares in 2016Q1. Also, the number of investment professionals holding National Instruments Corp in their top 10 stock positions decreased from 3 to 2 for a decrease of 1. Sold All: 21 Reduced: 59 Increased: 103 New Position: 23.
National Instruments Corporation designs, makes and sells systems to engineers and scientists. The company has a market cap of $3.76 billion. The Firm offers graphical system design approach to engineering, which provides an integrated software and hardware platform for measurement and control systems. It has a 44.51 P/E ratio. The Company’s products include reusable hardware and software modules.
About 244,465 shares traded hands. National Instruments Corp (NASDAQ:NATI) has risen 6.20% since April 28, 2016 and is uptrending. It has outperformed by 0.27% the S&P500.
Analysts await National Instruments Corp (NASDAQ:NATI) to report earnings on January, 26. They expect $0.31 earnings per share, up 3.33% or $0.01 from last year’s $0.3 per share. NATI’s profit will be $39.26M for 23.94 P/E if the $0.31 EPS becomes a reality. After $0.22 actual earnings per share reported by National Instruments Corp for the previous quarter, Wall Street now forecasts 40.91% EPS growth.
According to Zacks Investment Research, “National Instruments Corporation is a leading supplier of computer-based instrumentation hardware and software products that engineers and scientists use in a wide range of industries. These industries are spread across two large markets: test and measurement and industrial automation. The Company provides flexible application software and modular, multifunction hardware that users combine with industry-standard desktop computers and workstations to create virtual instruments.”
Tikvah Management Llc holds 10.76% of its portfolio in National Instruments Corp for 670,555 shares. Bares Capital Management Inc. owns 2.31 million shares or 4.51% of their US portfolio. Moreover, Mcdaniel Terry & Co has 3.02% invested in the company for 490,265 shares. The Minnesota-based Riverbridge Partners Llc has invested 2.75% in the stock. Schaper Benz & Wise Investment Counsel Inc Wi, a Wisconsin-based fund reported 291,722 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 4 selling transactions for $210,443 net activity.
Ratings analysis reveals 50% of Natl Instruments’s analysts are positive. Out of 2 Wall Street analysts rating Natl Instruments, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $28 while the high is $36. The stock’s average target of $32 is 7.78% above today’s ($29.69) share price. NATI was included in 2 notes of analysts from July 31, 2015. FBR Capital initiated National Instruments Corp (NASDAQ:NATI) rating on Wednesday, May 11. FBR Capital has “Market Perform” rating and $28 price target. The firm has “Outperform” rating by Oppenheimer given on Friday, July 31.
National Instruments Corporation (NI), incorporated on May 3, 1994, designs, makes and sells systems to engineers and scientists. The Firm offers graphical system design approach to engineering, which provides an integrated software and hardware platform for measurement and control systems. The Company’s products include reusable hardware and software modules. The Firm offers a range of measurement, automation and control products to work either separately, as stand-alone products or as an integrated system or as an integrated system. The Firm 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. The Firm also offers NI Services, including hardware services and maintenance, software maintenance services, and training and certification.
More notable recent National Instruments Corp (NASDAQ:NATI) news were published by: Fool.com which released: “Headwinds Hurt National Instruments Corp. Earnings” on July 28, 2016, also Forbes.com with their article: “National Instruments Secret Sauce In Industrial IoT: Getting The Data From The …” published on August 09, 2016, Nasdaq.com published: “National Instruments Corporation (NATI) Ex-Dividend Date Scheduled for …” on November 08, 2016. More interesting news about National Instruments Corp (NASDAQ:NATI) were released by: Marketwatch.com and their article: “National Instruments appoints new CEO; shares halted” published on August 29, 2016 as well as Bizjournals.com‘s news article titled: “National Instruments founding CEO to retire, replacement named” with publication date: August 30, 2016.
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By Clifton Ray