Wall Street analysts forecast that National Instruments Corp (NASDAQ:NATI) will report earnings per share of $0.34 for the current quarter, according to Zacks. Three analysts have made estimates for National Instruments’ earnings. The highest EPS estimate is $0.36 and the lowest is $0.32. National Instruments also reported earnings per share of $0.34 in the same quarter last year. The company is expected to announce its next earnings report after the market closes on Tuesday, January 30th.

Zacks’ EPS averages are an average based on a survey of analysts that cover National Instruments.

National Instruments (NASDAQ:NATI) last issued its quarterly earnings data on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $319.78 million. National Instruments had a net margin of 8.72% and a return on equity of 10.16%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS.

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $46.00 price objective on shares of National Instruments in a research note on Sunday, October 29th. Zacks Investment Research cut shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, BidaskClub cut shares of National Instruments from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 16th.

In related news, Director Jeffrey L. Kodosky sold 1,600 shares of National Instruments stock in a transaction on Monday, January 8th. The shares were sold at an average price of $43.77, for a total value of $70,032.00. Following the sale, the director now owns 8,270,037 shares of the company’s stock, valued at approximately $361,979,519.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James J. Truchard sold 7,500 shares of National Instruments stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $42.02, for a total transaction of $315,150.00. Following the completion of the sale, the director now directly owns 8,277,537 shares in the company, valued at approximately $347,822,104.74. The disclosure for this sale can be found here. Insiders have sold a total of 1,053,251 shares of company stock worth $45,952,756 in the last ninety days. Corporate insiders own 9.92% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its stake in National Instruments by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 10,804,219 shares of the technology company’s stock valued at $455,616,000 after acquiring an additional 262,578 shares during the period. Vanguard Group Inc. grew its stake in National Instruments by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 9,588,543 shares of the technology company’s stock valued at $385,651,000 after acquiring an additional 138,121 shares during the period. State Street Corp grew its stake in National Instruments by 0.4% in the 2nd quarter. State Street Corp now owns 2,822,005 shares of the technology company’s stock valued at $113,497,000 after acquiring an additional 10,737 shares during the period. Northern Trust Corp grew its stake in National Instruments by 1.1% in the 2nd quarter. Northern Trust Corp now owns 1,640,118 shares of the technology company’s stock valued at $65,966,000 after acquiring an additional 17,988 shares during the period. Finally, American Century Companies Inc. grew its stake in National Instruments by 42.0% in the 3rd quarter. American Century Companies Inc. now owns 1,552,368 shares of the technology company’s stock valued at $65,463,000 after acquiring an additional 459,209 shares during the period. 78.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of National Instruments (NASDAQ:NATI) traded up $0.38 during midday trading on Friday, hitting $44.69. 375,186 shares of the stock were exchanged, compared to its average volume of 475,680. The firm has a market cap of $5,793.31, a PE ratio of 53.20 and a beta of 0.93. National Instruments has a twelve month low of $29.80 and a twelve month high of $46.33. The company has a quick ratio of 2.53, a current ratio of 3.22 and a debt-to-equity ratio of 0.01.

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About National Instruments

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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