National Instruments Corp (NATI) Sets Record High; Strong Momentum for Holders

July 17, 2017 - By Dolores Ford

Investors sentiment decreased to 1.55 in Q4 2016. Its down 0.01, from 1.56 in 2016Q3. It fall, as 22 investors sold National Instruments Corp shares while 61 reduced holdings. 32 funds opened positions while 97 raised stakes. 97.08 million shares or 1.83% more from 95.33 million shares in 2016Q3 were reported.
Moreover, Leavell Investment has 0.05% invested in National Instruments Corp (NASDAQ:NATI) for 12,000 shares. Aqr Capital Management Ltd has 44,172 shares. California State Teachers Retirement has 0.01% invested in National Instruments Corp (NASDAQ:NATI). Zacks Investment Mgmt has 121,922 shares. Toronto Dominion Retail Bank holds 33 shares. Amalgamated Comml Bank owns 19,131 shares. Wealthtrust reported 989 shares. 10,541 are owned by Summit Securities Grp Inc Limited Company. Covington Cap Mgmt owns 14,475 shares for 0.04% of their portfolio. Schaper Benz Wise Inv Counsel Inc Wi, a Wisconsin-based fund reported 282,482 shares. Td Asset Mgmt invested in 0% or 36,400 shares. 3,328 are held by Fifth Third Savings Bank. Hermes Invest Limited accumulated 1.68M shares or 0.89% of the stock. Profund Advsr Limited Liability Corporation reported 18,774 shares. Schwab Charles Investment invested in 0.01% or 370,402 shares.

Since January 23, 2017, it had 0 buys, and 32 insider sales for $6.62 million activity. TRUCHARD JAMES J also sold $80,650 worth of National Instruments Corp (NASDAQ:NATI) shares. $79,080 worth of National Instruments Corp (NASDAQ:NATI) shares were sold by KODOSKY JEFFREY L. Another trade for 9,914 shares valued at $381,887 was sold by DAVERN ALEXANDER M. Another trade for 1,047 shares valued at $40,230 was sold by Roiko John Charles. $126,062 worth of National Instruments Corp (NASDAQ:NATI) was sold by Rust Scott Arthur. Starkloff Eric Howard had sold 6,888 shares worth $240,477.

The stock of National Instruments Corp (NASDAQ:NATI) reached all time high today, Jul, 17 and still has $45.47 target or 8.00 % above today’s $42.10 share price. This indicates more upside for the $5.54 billion company. This technical setup was reported by Barchart.com. If the $45.47 PT is reached, the company will be worth $443.20 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 369,454 shares traded. National Instruments Corp (NASDAQ:NATI) has risen 38.06% since July 17, 2016 and is uptrending. It has outperformed by 21.36% the S&P500.

Investors wait National Instruments Corp (NASDAQ:NATI) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.19 earnings per share, $0.00 or 0.00 % from last year’s $0.19 same quarter earnings. This translates into $25.01M profit for NATI giving the stock a 55.38 P/E. This is assuming the current $0.19 EPS is accurate. National Instruments Corp’s Wall Street analysts see 35.71 % EPS growth, taking into account the $0.14 EPS reproted in the previous quarter,

National Instruments Corp (NASDAQ:NATI) Ratings Coverage

Among 4 analysts covering Natl Instruments (NASDAQ:NATI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Natl Instruments had 4 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by FBR Capital on Wednesday, May 11. Oppenheimer initiated the stock with “Outperform” rating in Friday, July 31 report. The company was upgraded on Thursday, December 22 by Robert W. Baird. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, January 27 report.

National Instruments Corporation designs, makes and sells systems to engineers and scientists. The company has market cap of $5.54 billion. The Firm offers a line of measurement, automation and control products. It has a 59.5 P/E ratio. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.

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