Brokerage firm Stifel Nicolaus Maintains its rating on National Instruments Corp(NASDAQ:NATI). In a research note issued to the investors, the brokerage major Lowers the price-target to $32.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Jul 28, 2016.
In a different note, FBR Capital said it Initiates Coverage on National Instruments Corp, according to a research note issued on May 11, 2016. The shares have been rated ‘Market Perform’ by the firm.
National Instruments Corp (NATI) shares turned negative on Thursdays trading session with the shares closing down -0.26 points or -0.93% at a volume of 4,85,746. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.17. The peak price level was also seen at $28.17 while the days lowest was $27.83. Finally the shares closed at $27.84. The 52-week high of the shares is $31.71 while the 52-week low is $25.9. According to the latest information available, the market cap of the company is $3,554 M.
National Instruments Corp has also declared a cash dividend of $0.2000 on Jul 27, 2016. The shares will quote ex-dividend on Aug 11, 2016 and the record date has been fixed on Aug 15, 2016. The dividend payable date has been fixed on Sep 6, 2016.
National Instruments Corp(NATI) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $306.11M. Analysts had an estimated revenue of $311.53M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.17.
Several Insider Transactions has been reported to the SEC. On May 25, 2016, James J Truchard (President) purchased 394,819 shares at $27.50 per share price.Also, On May 4, 2016, Duy Loan T Le (director) purchased 575 shares at $27.66 per share price.On Nov 2, 2015, Scott Arthur Rust (Senior Vice President) sold 3,262 shares at $30.68 per share price, according to the Form-4 filing with the securities and exchange commission.
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.