Shares of National Instruments Corp. (NASDAQ:NATI) saw an uptick in trading volume on Thursday . 456,430 shares changed hands during mid-day trading, a decline of 4% from the previous session’s volume of 474,163 shares.The stock last traded at $28.91 and had previously closed at $28.83.

Several brokerages recently commented on NATI. Zacks Investment Research raised shares of National Instruments Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, March 31st. Stifel Nicolaus reissued a “buy” rating and issued a $33.00 price objective (down previously from $36.00) on shares of National Instruments Corp. in a research note on Wednesday, April 6th. Robert W. Baird reissued a “hold” rating on shares of National Instruments Corp. in a research note on Monday, May 2nd. TheStreet downgraded shares of National Instruments Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Finally, FBR & Co began coverage on shares of National Instruments Corp. in a research note on Wednesday, May 11th. They issued a “market perform” rating and a $28.00 price objective for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $31.75.

The firm has a market capitalization of $3.66 billion and a PE ratio of 41.52. The stock’s 50-day moving average is $27.98 and its 200 day moving average is $28.27.

National Instruments Corp. (NASDAQ:NATI) last posted its earnings results on Thursday, April 28th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.05. The business earned $287 million during the quarter, compared to analysts’ expectations of $288.20 million. During the same quarter in the previous year, the business earned $0.18 EPS. National Instruments Corp.’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts predict that National Instruments Corp. will post $0.81 earnings per share for the current year.

In other news, major shareholder James J. Truchard acquired 394,819 shares of National Instruments Corp. stock in a transaction that occurred on Monday, May 23rd. The stock was bought at an average price of $27.50 per share, with a total value of $10,857,522.50. Following the completion of the purchase, the insider now owns 8,663,197 shares in the company, valued at $238,237,917.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of institutional investors have recently modified their holdings of NATI. Russell Frank Co boosted its position in shares of National Instruments Corp. by 39.5% in the fourth quarter. Russell Frank Co now owns 35,278 shares of the company’s stock valued at $1,027,000 after buying an additional 9,984 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of National Instruments Corp. during the fourth quarter valued at about $1,121,000. Morgan Stanley raised its stake in shares of National Instruments Corp. by 243.1% in the fourth quarter. Morgan Stanley now owns 49,386 shares of the company’s stock valued at $1,417,000 after buying an additional 34,993 shares during the last quarter. Liberty Mutual Group Asset Management Inc. raised its stake in shares of National Instruments Corp. by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 65,606 shares of the company’s stock valued at $1,881,000 after buying an additional 22,264 shares during the last quarter. Finally, American Capital Management Inc. raised its stake in shares of National Instruments Corp. by 2.0% in the fourth quarter. American Capital Management Inc. now owns 70,200 shares of the company’s stock valued at $2,014,000 after buying an additional 1,350 shares during the last quarter.

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering, which provides an integrated software and hardware platform for measurement and control systems. Its products include reusable hardware and software modules.

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