Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on National Instruments (NATI – Research Report) today and set a price target of $50.00. The company’s shares opened today at $38.62.
According to TipRanks, Hosseini is a 5-star analyst with an average return of 11.8% and a 54.85% success rate. Hosseini covers the Technology sector, focusing on stocks such as Micron, Corning, and National Instruments.
Currently, the analyst consensus on National Instruments is a Strong Buy with an average price target of $45.50, representing a 17.81% upside. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a $46.00 price target.
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NATI market cap is currently $5.12B and has a P/E ratio of 49.08.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NATI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
National Instruments Corp. designs, manufactures and sells systems to engineers and scientists that accelerate productivity, innovation and discovery. It provides application software and modular, multifunction hardware that users combine with industry-standard computers, networks and third party devices to create measurement, automation and embedded systems, which refer as virtual instruments. The company was founded by Jeffrey L. Kodosky and James J. Truchard in May 1976 and is headquartered in Austin, TX.
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