National Instruments Corp (NATI) : Schaper Benz Wise Investment Counsel Incwi reduced its stake in National Instruments Corp by 0.26% during the most recent quarter end. The investment management company now holds a total of 291,722 shares of National Instruments Corp which is valued at $8,197,388 after selling 750 shares in National Instruments Corp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.National Instruments Corp makes up approximately 1.44% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.
Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in NATI in the latest quarter, The investment management firm added 1,246 additional shares and now holds a total of 34,248 shares of National Instruments Corp which is valued at $962,369. National Instruments Corp makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.North Star Asset Management Inc reduced its stake in NATI by selling 53,997 shares or 79.04% in the most recent quarter. The Hedge Fund company now holds 14,317 shares of NATI which is valued at $410,612. National Instruments Corp makes up approx 0.05% of North Star Asset Management Inc’s portfolio. Stoneridge Investment Partners added NATI to its portfolio by purchasing 46,680 company shares during the most recent quarter which is valued at $1,375,193. National Instruments Corp makes up approx 0.19% of Stoneridge Investment Partners’s portfolio.Weaver C. Barksdale Associates boosted its stake in NATI in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 196 shares of National Instruments Corp which is valued at $5,651. National Instruments Corp makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.
National Instruments Corp closed down -0.15 points or -0.54% at $27.81 with 5,47,016 shares getting traded on Monday. Post opening the session at $27.89, the shares hit an intraday low of $27.81 and an intraday high of $28.07 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, National Instruments Corp reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.25. The company had revenue of $306.10 million for the quarter, compared to analysts expectations of $305.70 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.25 EPS.
Investors should note that on Jul 27, 2016, National Instruments Corp announced a cash dividend of $0.2000. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 6, 2016.
Many Wall Street Analysts have commented on National Instruments Corp. Shares were Reiterated by Stifel on Jul 28, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $33 .FBR Capital Initiated National Instruments Corp on May 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $28.
National Instruments Corporation (NI) designs manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering which provides a software and hardware platform for the development of systems needing measurement and control. The Company offers a line 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 Company offers volume licensing. The Company offers products technology and services which include system design software programming tools application software hardware products and related driver software NI education platform software products for teaching and hardware products for teaching. The Company also offers NI Services including hardware services and maintenance software maintenance services and training and certification.