National Instruments Corp. (NASDAQ:NATI) saw unusually-strong trading volume on Thursday . Approximately 456,430 shares were traded 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 analysts have commented on NATI shares. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price objective (down from $36.00) on shares of National Instruments Corp. in a report on Wednesday, April 6th. Zacks Investment Research upgraded shares of National Instruments Corp. from a “sell” rating to a “hold” rating in a report on Thursday, March 31st. Robert W. Baird restated a “hold” rating on shares of National Instruments Corp. in a report on Monday, May 2nd. TheStreet lowered shares of National Instruments Corp. from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. Finally, FBR & Co started coverage on shares of National Instruments Corp. in a report on Wednesday, May 11th. They issued a “market perform” rating and a $28.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. National Instruments Corp. presently has an average rating of “Hold” and a consensus price target of $31.75.

The firm has a market capitalization of $3.66 billion and a PE ratio of 41.54. The stock’s 50-day moving average is $27.97 and its 200-day moving average is $28.26.

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

In other news, major shareholder James J. Truchard purchased 394,819 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average cost of $27.50 per share, for a total transaction of $10,857,522.50. Following the acquisition, the insider now owns 8,663,197 shares of the company’s stock, valued at approximately $238,237,917.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of National Instruments Corp. by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 577,984 shares of the company’s stock valued at $16,584,000 after buying an additional 33,627 shares during the last quarter. US Bancorp DE increased its position in shares of National Instruments Corp. by 3.1% in the fourth quarter. US Bancorp DE now owns 89,152 shares of the company’s stock valued at $2,558,000 after buying an additional 2,697 shares during the last quarter. American Capital Management Inc. increased its position 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. EdgePoint Investment Group Inc. increased its position in shares of National Instruments Corp. by 0.3% in the fourth quarter. EdgePoint Investment Group Inc. now owns 3,368,626 shares of the company’s stock valued at $96,646,000 after buying an additional 10,329 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of National Instruments Corp. by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 326,075 shares of the company’s stock valued at $9,354,000 after buying an additional 3,806 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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