National Instruments Corp. (NASDAQ:NATI) shares saw strong trading volume on Monday . 1,130,686 shares were traded during trading, an increase of 173% from the previous session’s volume of 414,839 shares.The stock last traded at $28.51 and had previously closed at $28.88.

Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of National Instruments Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 7th. FBR & Co reiterated a “marketperform” rating and set a $28.00 price target on shares of National Instruments Corp. in a research report on Tuesday, May 10th. Robert W. Baird reiterated a “hold” rating on shares of National Instruments Corp. in a research report on Monday, May 2nd. TheStreet lowered shares of National Instruments Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $33.00 price target (down previously from $36.00) on shares of National Instruments Corp. in a research report on Wednesday, April 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.75.

The firm’s 50 day moving average price is $28.01 and its 200 day moving average price is $28.28. The company has a market cap of $3.64 billion and a PE ratio of 41.32.

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

In related news, major shareholder James J. Truchard acquired 394,819 shares of National Instruments Corp. stock in a transaction dated Monday, May 23rd. The shares were purchased at an average price of $27.50 per share, for a total transaction of $10,857,522.50. Following the completion of the transaction, the insider now directly owns 8,663,197 shares in the company, valued at approximately $238,237,917.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

A number of large investors have made changes to their positions in the company. Russell Frank Co boosted its stake 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. Janus Capital Management boosted its stake in shares of National Instruments Corp. by 1.5% in the third quarter. Janus Capital Management now owns 6,827,193 shares of the company’s stock valued at $189,728,000 after buying an additional 103,380 shares in the last quarter. Liberty Mutual Group Asset Management Inc. boosted 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 in the last quarter. EdgePoint Investment Group Inc. boosted its stake 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 in the last quarter. Finally, American Capital Management Inc. boosted 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 in 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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