Somewhat Positive News Coverage Somewhat Unlikely to Impact National Instruments Corporation (NATI) Stock Price

News stories about National Instruments Corporation (NASDAQ:NATI) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. National Instruments Corporation earned a news impact score of 0.05 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.4674988869584 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

National Instruments Corporation (NATI) opened at 39.58 on Friday. National Instruments Corporation has a 52 week low of $26.74 and a 52 week high of $43.74. The stock has a 50 day moving average of $41.04 and a 200 day moving average of $35.91. The stock has a market capitalization of $5.16 billion, a P/E ratio of 53.56 and a beta of 0.94.

National Instruments Corporation (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.19 by $0.08. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The company had revenue of $318.61 million for the quarter, compared to the consensus estimate of $321.07 million. During the same quarter last year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts predict that National Instruments Corporation will post $0.92 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.84 annualized dividend and a yield of 2.12%. National Instruments Corporation’s dividend payout ratio (DPR) is presently 107.69%.

Several research firms have issued reports on NATI. Zacks Investment Research downgraded shares of National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. BidaskClub downgraded shares of National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Deutsche Bank AG began coverage on shares of National Instruments Corporation in a research note on Tuesday, May 16th. They set a “hold” rating and a $34.00 price objective for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $46.00 price objective on shares of National Instruments Corporation in a research note on Sunday, July 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.25.

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In other National Instruments Corporation news, Director James J. Truchard sold 7,500 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $36.77, for a total transaction of $275,775.00. Following the transaction, the director now owns 9,151,416 shares in the company, valued at $336,497,566.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $37.47, for a total value of $74,940.00. Following the transaction, the director now owns 388,771 shares in the company, valued at approximately $14,567,249.37. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,749 shares of company stock worth $3,787,770. Corporate insiders own 9.92% of the company’s stock.

National Instruments Corporation 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.

Insider Buying and Selling by Quarter for National Instruments Corporation (NASDAQ:NATI)

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