National Instruments Corp (NATI) is Initiated by FBR Capital to Mkt Perform, Price Target at $28

National Instruments Corp (NATI) was Initiated by FBR Capital to “Mkt Perform” and the brokerage firm has set the Price Target at $28. FBR Capital advised their investors in a research report released on May 11, 2016.

On the company’s financial health, National Instruments Corp reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.15. The company had revenue of $287.00 million for the quarter, compared to analysts expectations of $288.20 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

National Instruments Corp closed down -0.1 points or -0.37% at $27.17 with 3,47,186 shares getting traded on Tuesday. Post opening the session at $27.26, the shares hit an intraday low of $27.145 and an intraday high of $27.39 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 4, 2016, Duy Loan T Le (director) purchased 575 shares at $27.66 per share price. According to the SEC, on Nov 2, 2015, Scott Arthur Rust (Senior Vice President) sold 3,262 shares at $30.68 per share price. On Oct 30, 2015, Alexander M Davern (COO, CFO & EXECUTIVE VP) sold 3,000 shares at $30.89 per share price, according to the Form-4 filing with the securities and exchange commission.

National Instruments Corporation (NI) designs manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering which provides a software and hardware platform for the development of systems needing measurement and control. The Company offers a line of measurement automation and control products to work either separately as stand-alone products or as an integrated system or as an integrated system. The Company offers volume licensing. The Company offers products technology and services which include system design software programming tools application software hardware products and related driver software NI education platform software products for teaching and hardware products for teaching. The Company also offers NI Services including hardware services and maintenance software maintenance services and training and certification.

National Instruments Corp

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