Analysts From Major Brokerage Firms Release Report On National Instruments Corporation (NATI)

The stock of National Instruments Corporation (NASDAQ:NATI) decreased by -$0.9 on Tuesday to finish at $34.58, down -2.54 percent. The last five days have seen an average of 1,326,400 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$9.09. The average number of shares traded over the last 20 days was 1,072,290, while the average volume over the last 50 days totaled 686,028.

NATI stock dropped -13.07% since last month. On 05/12/22, the company’s shares reached a one-month low of $31.39. The stock touched a high of $45.98 on 01/03/22, after rallying from a low of $31.39 in 52 weeks. The price of NATI stock has declined by -20.82% or -$9.09 this year, reaching a new high 1 time. Still, the stock price is down -24.79% from the 52-week high.


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Insider Transactions

There have been 23 days since National Instruments Corporation (NATI) last reported insider trading activity on May 02. On May 02, President & CEO Starkloff Eric Howard sold 19,032 shares at $36.14 each. This transaction resulted in the insider making $687,816. On May 02, Rust Scott Arthur sold 4,921 shares at a price of US$36.14. After the transaction, the insider now owns 48,892 shares. Chief Financial Officer, EVP Rapp Karen Marie had earlier sold 6,043 shares on May 02 for $36.14 a share. The transaction was completed for $218,394.

Valuation Metrics

National Instruments Corporation (NATI) has a trailing price-to-earnings (P/E) ratio of 41.86. Beta for the stock is 1.10. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.97, the price-to-book (PB) ratio of 3.78.

Company paid $0.28 per share in dividends, remained unchanged from $0.28 last year. A $0.01 dividend increase was reported on Thursday January 27 2022.

Financial Health

For the three months ended March 30, National Instruments Corporation’s quick ratio was 1.50, while its current ratio was 2.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 70.70% percent. National Instruments Corporation’s operating margin stood at 9.00% for the same period. Based on annual data, it had gross profit of $1.05 billion and revenue of $1.47 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NATI’s return on assets (ROA) during the last 12 months has been 5.60%. There was a 6.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.00%.

Earnings Surprise

According to National Instruments Corporation’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $385.26 million, while revenues rose by 4.52% to $479.68 million. It was predicted that National Instruments Corporation’s quarterly earnings would be $0.19, but it ended up being $0.22, beating the consensus by -13.60%. EBITDA was $52.1 million for the quarter. At the end of National Instruments Corporation’s most recent quarter ended March 30, its liabilities totaled 864.03 million, while its total debt was $370.85 million. Equity owned by shareholders amounts to $131.17 million.

Technical Picture

Here’s a quick look at National Instruments Corporation’s (NATI) price momentum from a technical perspective. As of 24 May, the RSI 9-day stood at 50.57%, suggesting the stock is Neutral, with a 42.87% historical volatility rate.

The stochastic %K and %D were 62.63% and 50.27% respectively, while the average true range (ATR) was 1.53. Based on the 14-day stochastic reading of 66.17%, the RSI (14) reading is 46.64%. On the 9-day MACD Oscillator, the stock is at 0.80, and the 14-day reading is at 0.97.

Analyst Ratings

In its most recent analyst report, Susquehanna raised its rating on National Instruments Corporation (NASDAQ: NATI) to a Positive. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned National Instruments Corporation (NATI) an Overweight rating. NATI is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.

What is NATI’s price target for the next 12 months?

The current consensus forecast for the stock is between $42.00 and $50.00, with a median target price of $48.00. In analyzing these forecasts, the average price target given by analysts for National Instruments Corporation (NATI) is $46.80.

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