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Wednesday, August 10, 2022

NASDAQ:NATI Given A ‘Hold’ Rating by Brokerages

NASDAQ:NATI have been given a rating of ‘hold’ by around nine brokerages that have been covering this firm- according to reports from MarketBeat. A couple of the research analysts have determined that the stocks should be sold, while around six of them have been dallying with the ‘hold’ recommendation. The lone research analyst has given a ‘buy’ rating to this company. The average price objective for 1 year has been set at $40.17 by brokerages that covered up this stock. 

There have been a number of research analyst reports on NASDAQ:NATI. The Goldman Sachs Group has already initiated massive coverages on the National Instruments- according to a research note that was published on the 13th of August. The rating that has been issued is ‘neutral’- with a target price of $38.00 for the company. Zacks Investment Research, too, has upgraded the NASDAQ:NATI from a recommendation of ‘sell’, to that of ‘hold’ in one of the reports that they gave out on the 29th of September. But the NASDAQ:NATI was downgraded by the BidaskClub who decided to change the ‘sell’ rating to a ‘strong sell’ in a 15th July report. The Royal Bank of Canada decided to restate the ‘hold’, along with a price target of $39 on the shares of NASDAQ:NATI. JP Morgan Chase & Co also downgraded the company from a ‘neutral’, to an ‘underweight’, with a price objective of $37.

The Quarterly Earnings of NASDAQ:NATI

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The shares of NASDAQ:NATI did open at $36.40, with a 12- month low of $20.42, and a 12- month high of an amount close to 447.89. The market cap for this company is $4.8 billion, and the P/E ratio of his company is 18.86, and a 0.97 beta. The current ratio of the company is 3.27, the debt-to-equity ratio is around 0.0, while a quick ratio is 2.65. The moving average price for 50-day is $35.57, while the moving average price for 200-day is $36.60. 

On the 30th of July, NASDAQ:NATI announced their quarterly earnings- with an earnings per share of $0.08- which missed out on the consensus estimates of the analysts- $0.16. NASDAQ:NATI have had a net margin that was around 19.25%, with a return of equity around 12.46%. The revenue earned by the company this quarter was around $301.33 million, which was slightly less than the expectations of the analysts- $301.51 million. 

National Instruments (NASDAQ:NATI) Company Profile

NASDAQ:NATI provides a platform which is software-centric, along with systems to various scientists, and engineers throughout. The environment it provides for programming software often includes LabVIEW, measurement data, a graphical application software package that would help visualise the configuration of hardware.

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NASDAQ:NATI has also designed a suite of .NET tools that have been specially designed to build engineering applications in a Microsoft Visual Studio so that one can analyze, acquire, and measure data. 

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