News coverage about National Instruments (NASDAQ:NATI) has been trending somewhat positive recently, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. National Instruments earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.1457995519753 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- 2U Rackmount Computer Comes with Full-size Expansion Slots, Core i CPU, and 17″ Short Depth Chassis (prnewswire.com)
- Kayak Software (KYAK) and National Instruments (NATI) Financial Contrast (americanbankingnews.com)
- National Instruments Corporation (NATI) Director Jeffrey L. Kodosky Sells 1,600 Shares (americanbankingnews.com)
- Trump’s National Security Strategy: Be Afraid, Be Very Afraid (lobelog.com)
- Ready for the next 60 Years: Ball Aerospace Continues to Invest in People, Infrastructure, Technologies (bizjournals.com)
National Instruments (NASDAQ:NATI) traded up $0.33 during midday trading on Friday, reaching $44.31. The company had a trading volume of 454,032 shares, compared to its average volume of 486,933. The company has a current ratio of 3.22, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. National Instruments has a one year low of $29.80 and a one year high of $46.33. The stock has a market cap of $5,750.00, a PE ratio of 54.70 and a beta of 0.93.
National Instruments (NASDAQ:NATI) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $319.78 million. National Instruments had a return on equity of 10.16% and a net margin of 8.72%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. sell-side analysts predict that National Instruments will post 0.93 earnings per share for the current fiscal year.
NATI has been the topic of a number of research analyst reports. BidaskClub cut National Instruments from a “sell” rating to a “strong sell” rating in a report on Saturday, December 16th. Stifel Nicolaus reissued a “buy” rating and issued a $46.00 price target on shares of National Instruments in a report on Sunday, October 29th. Finally, Zacks Investment Research raised National Instruments from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Thursday, December 28th.
In other news, Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $43.98, for a total transaction of $329,850.00. Following the sale, the director now directly owns 8,807,666 shares of the company’s stock, valued at approximately $387,361,150.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey L. Kodosky sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $43.77, for a total value of $70,032.00. Following the sale, the director now directly owns 8,270,037 shares in the company, valued at $361,979,519.49. The disclosure for this sale can be found here. Insiders have sold a total of 1,060,751 shares of company stock worth $46,285,981 over the last ninety days. Insiders own 9.92% of the company’s stock.
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National Instruments Company Profile
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It 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.
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