National Instruments Corp (NATI) was Reiterated by Stifel to “Buy” while Lowering the Price Target of the company shares to $ 32 from a previous price target of $33 . Stifel advised their investors in a research report released on Jul 28, 2016.
Many Wall Street Analysts have commented on National Instruments Corp. FBR Capital Initiated National Instruments Corp on May 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $28.
On the company’s financial health, National Instruments Corp reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.25. The company had revenue of $306.10 million for the quarter, compared to analysts expectations of $305.70 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.25 EPS.
National Instruments Corp closed down -0.91 points or -3.09% at $28.55 with 9,98,911 shares getting traded on Thursday. Post opening the session at $28.36, the shares hit an intraday low of $28.04 and an intraday high of $28.89 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 25, 2016, James J Truchard (President) purchased 394,819 shares at $27.50 per share price. According to the SEC, on May 4, 2016, Duy Loan T Le (director) purchased 575 shares at $27.66 per share price. On Nov 2, 2015, Scott Arthur Rust (Senior Vice President) sold 3,262 shares at $30.68 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.