National Instruments (NASDAQ:NATI) updated its third quarter 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.36-0.50 for the period, compared to the Thomson Reuters consensus estimate of $0.32. The company issued revenue guidance of $325-355 million, compared to the consensus revenue estimate of $352.7 million.

Several research firms have weighed in on NATI. Deutsche Bank cut Hilton Hotels from a buy rating to a hold rating and set a $92.60 price objective on the stock. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded Golub Capital BDC from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research report on Tuesday, July 16th. BidaskClub upgraded Xilinx from a hold rating to a buy rating in a research report on Wednesday, July 24th. Finally, ValuEngine cut Welbilt from a hold rating to a sell rating in a research report on Friday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. National Instruments presently has a consensus rating of Hold and a consensus target price of $48.50.

NATI stock traded up $0.02 during trading hours on Tuesday, hitting $45.14. 589,100 shares of the stock were exchanged, compared to its average volume of 647,266. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 33.69 and a beta of 0.94. The firm has a 50-day moving average price of $42.15. National Instruments has a 12 month low of $38.01 and a 12 month high of $51.00.

National Instruments (NASDAQ:NATI) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). National Instruments had a return on equity of 15.19% and a net margin of 11.34%. The company had revenue of $311.07 million during the quarter, compared to the consensus estimate of $321.25 million. As a group, analysts forecast that National Instruments will post 1.35 EPS for the current fiscal year.

In related news, Director Duy Loan T. Le purchased 2,028 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average price of $43.67 per share, for a total transaction of $88,562.76. Following the completion of the transaction, the director now owns 106,419 shares of the company’s stock, valued at $4,647,317.73. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $43.52, for a total value of $87,040.00. Following the completion of the transaction, the director now owns 346,910 shares in the company, valued at approximately $15,097,523.20. The disclosure for this sale can be found here. Insiders sold 22,027 shares of company stock worth $913,889 in the last 90 days. 1.79% of the stock is owned by company insiders.

About National Instruments

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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