Stifel Nicolaus Believes National Instruments Corp (NASDAQ: NATI) Still Has Room to Grow

By Austin Angelo

In a report issued on July 28, Patrick Newton from Stifel Nicolaus reiterated a Buy rating on National Instruments Corp (NASDAQ: NATI), with a price target of $46. The company’s shares closed on Friday at $41.38, close to its 52-week high of $43.74.

According to TipRanks.com, Newton is a 5-star analyst with an average return of 26.1% and a 89.3% success rate. Newton covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Ipg Photonics Corp, and Faro Technologies.

National Instruments Corp has an analyst consensus of Moderate Buy, with a price target consensus of $40.

National Instruments Corp’s market cap is currently $5.36B and has a P/E ratio of 55.92. The company has a book value ratio of 4.8062.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2017, Eric Howard Starkloff, the EVP of NATI sold 6,888 shares for a total of $240,460.

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.