Robert W. Baird Cuts National Instruments (NATI) Price Target to $46.00

National Instruments (NASDAQ:NATI) had its target price decreased by Robert W. Baird from $47.00 to $46.00 in a research note issued to investors on Monday morning. Robert W. Baird currently has a neutral rating on the technology company’s stock.

NATI has been the topic of several other reports. ValuEngine lowered shares of National Instruments from a buy rating to a hold rating in a report on Tuesday, July 24th. BidaskClub lowered shares of National Instruments from a strong-buy rating to a buy rating in a report on Wednesday, July 18th. Finally, Zacks Investment Research raised shares of National Instruments from a sell rating to a hold rating in a report on Tuesday, July 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $48.33.

National Instruments opened at $44.47 on Monday, MarketBeat Ratings reports. National Instruments has a 12 month low of $38.70 and a 12 month high of $53.57. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 47.30 and a beta of 1.02.

National Instruments (NASDAQ:NATI) last released its earnings results on Thursday, July 26th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.25 by $0.09. National Instruments had a net margin of 4.87% and a return on equity of 12.55%. The firm had revenue of $341.00 million for the quarter, compared to analyst estimates of $333.40 million. During the same period last year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. equities research analysts predict that National Instruments will post 1.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Monday, August 13th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, August 10th. National Instruments’s dividend payout ratio (DPR) is presently 97.87%.

In related news, Director James J. Truchard sold 17,500 shares of National Instruments stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $41.37, for a total transaction of $723,975.00. Following the sale, the director now directly owns 369,945 shares of the company’s stock, valued at approximately $15,304,624.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerhard Paul Fettweis sold 800 shares of National Instruments stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $42.11, for a total transaction of $33,688.00. Following the sale, the director now directly owns 10,182 shares in the company, valued at $428,764.02. The disclosure for this sale can be found here. Insiders have sold a total of 187,972 shares of company stock worth $8,175,364 over the last ninety days. 7.98% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in NATI. Twin Tree Management LP bought a new stake in shares of National Instruments during the 1st quarter valued at approximately $114,000. Summit Trail Advisors LLC grew its holdings in shares of National Instruments by 4,841.8% during the 1st quarter. Summit Trail Advisors LLC now owns 155,865 shares of the technology company’s stock valued at $156,000 after purchasing an additional 152,711 shares during the last quarter. Cigna Investments Inc. New acquired a new stake in National Instruments during the 1st quarter worth approximately $203,000. TLP Group LLC boosted its position in National Instruments by 3,554.1% during the 1st quarter. TLP Group LLC now owns 4,056 shares of the technology company’s stock worth $205,000 after buying an additional 3,945 shares during the period. Finally, Mission Wealth Management LP acquired a new stake in National Instruments during the 1st quarter worth approximately $212,000. 77.49% of the stock is currently owned by institutional investors.

National Instruments Company Profile

National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.

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