Media headlines about National Instruments Corporation (NASDAQ:NATI) have trended somewhat positive on Thursday, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources. 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 Corporation earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 47.6322392388418 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Record Revenue, Profit Lift National Instruments (finance.yahoo.com)
- National Instruments Reports Record Revenue for a Third Quarter of $321 Million (finance.yahoo.com)
- National Instruments tops Street 3Q forecasts (finance.yahoo.com)
- Edited Transcript of NATI earnings conference call or presentation 26-Oct-17 9:00pm GMT (finance.yahoo.com)
- National Instruments Corporation (NATI) Issues Earnings Results, Beats Estimates By $0.09 EPS (americanbankingnews.com)
NATI has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $46.00 price objective on shares of National Instruments Corporation in a research note on Sunday, July 30th. BidaskClub lowered National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded National Instruments Corporation from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $40.25.
National Instruments Corporation (NASDAQ:NATI) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. National Instruments Corporation had a net margin of 8.72% and a return on equity of 10.16%. The company had revenue of $320.90 million during the quarter, compared to the consensus estimate of $319.78 million. During the same period in the previous year, the business earned $0.25 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be given a $0.21 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.87%. National Instruments Corporation’s payout ratio is 100.00%.
In other news, Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments Corporation stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $40.08, for a total value of $80,160.00. Following the completion of the sale, the director now directly owns 382,771 shares in the company, valued at $15,341,461.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James J. Truchard sold 7,500 shares of National Instruments Corporation stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $40.08, for a total transaction of $300,600.00. Following the completion of the sale, the director now owns 9,023,916 shares of the company’s stock, valued at $361,678,553.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,000 shares of company stock valued at $2,945,410. 9.92% of the stock is owned by company insiders.
About National Instruments Corporation
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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