Zacks Investment Research upgraded shares of National Instruments (NASDAQ:NATI) from a sell rating to a hold rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “National Instruments Corporation, or NI, is an American multinational company with international operation. It is a producer of automated test equipment and virtual instrumentation software. Common applications include data acquisition, instrument control and machine vision. National Instruments has equipped engineers and scientists with tools that accelerate productivity, innovation and discovery. NI’s graphical system design approach to engineering provides an integrated software and hardware platform that speeds the development of any system needing measurement and control. The company’s long-term vision and focus on improving society through its technology ensures the success of its customers, employees, suppliers and shareholders. “

NATI has been the subject of a number of other reports. Deutsche Bank lowered Hilton Hotels from a buy rating to a hold rating and set a $92.60 price objective for the company. in a report on Wednesday, May 1st. They noted that the move was a valuation call. BidaskClub raised Zai Lab from a buy rating to a strong-buy rating in a report on Friday, June 28th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has an average rating of Hold and an average target price of $48.50.

Shares of National Instruments stock opened at $42.57 on Tuesday. National Instruments has a one year low of $38.01 and a one year high of $51.00. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 31.77 and a beta of 0.94. The company has a 50-day moving average price of $40.60.

National Instruments (NASDAQ:NATI) last issued its earnings results on Tuesday, April 30th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). National Instruments had a net margin of 11.34% and a return on equity of 15.19%. The firm had revenue of $311.07 million during the quarter, compared to the consensus estimate of $321.25 million. As a group, research analysts forecast that National Instruments will post 1.34 EPS for the current year.

In other National Instruments news, Director Duy Loan T. Le bought 2,028 shares of National Instruments stock in a transaction dated Thursday, May 2nd. The stock was bought at an average cost of $43.67 per share, with a total value of $88,562.76. Following the completion of the acquisition, the director now directly owns 106,419 shares in the company, valued at approximately $4,647,317.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $46.60, for a total value of $93,200.00. Following the completion of the transaction, the director now directly owns 353,586 shares of the company’s stock, valued at $16,477,107.60. The disclosure for this sale can be found here. Insiders have sold a total of 24,027 shares of company stock valued at $1,022,729 over the last three months. Corporate insiders own 1.79% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Executive Wealth Management LLC bought a new position in shares of National Instruments in the fourth quarter valued at approximately $25,000. Valeo Financial Advisors LLC grew its holdings in shares of National Instruments by 261.6% in the second quarter. Valeo Financial Advisors LLC now owns 1,027 shares of the technology company’s stock valued at $43,000 after acquiring an additional 743 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of National Instruments in the first quarter valued at approximately $49,000. Quadrant Capital Group LLC grew its holdings in shares of National Instruments by 2,522.7% in the first quarter. Quadrant Capital Group LLC now owns 1,154 shares of the technology company’s stock valued at $49,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Financial Gravity Wealth Inc. bought a new position in shares of National Instruments in the first quarter valued at approximately $59,000. 79.34% of the stock is owned by institutional investors.

National Instruments Company Profile

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.

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