National Instruments Corporation (NATI) stock is nearly perfect except the valuation

The closing price of National Instruments Corporation (NASDAQ: NATI) was $53.83 for the day, down -0.77% from the previous closing price of $54.25. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 3671790 shares were traded. NATI stock price reached its highest trading level at $54.90 during the session, while it also had its lowest trading level at $53.75.

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Our analysis of NATI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 2.40. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.48.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on November 22, 2022, initiated with a Buy rating and assigned the stock a target price of $50.

On October 20, 2022, UBS started tracking the stock assigning a Neutral rating and target price of $43.

Susquehanna Upgraded its Neutral to Positive on January 28, 2022, whereas the target price for the stock was revised from $48 to $50.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 17 when Starkloff Eric Howard sold 1,200 shares for $54.40 per share. The transaction valued at 65,280 led to the insider holds 282,278 shares of the business.

Starkloff Eric Howard sold 2,100 shares of NATI for $98,406 on Jan 13. The President & CEO now owns 283,478 shares after completing the transaction at $46.86 per share. On Dec 31, another insider, Green Jason Elliot, who serves as the Chief Revenue Officer & EVP of the company, sold 8,026 shares for $36.90 each. As a result, the insider received 296,159 and left with 74,055 shares of the company.

Valuation Measures:

As of this moment, National’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.07, and their Forward P/E ratio for the next fiscal year is 24.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.28 while its Price-to-Book (P/B) ratio in mrq is 6.33.

Stock Price History:

Over the past 52 weeks, NATI has reached a high of $55.04, while it has fallen to a 52-week low of $29.81. The 50-Day Moving Average of the stock is 40.60, while the 200-Day Moving Average is calculated to be 37.86.

Shares Statistics:

NATI traded an average of 1.24M shares per day over the past three months and 4.47M shares per day over the past ten days. A total of 132.04M shares are outstanding, with a floating share count of 129.69M. Insiders hold about 0.40% of the company’s shares, while institutions hold 93.70% stake in the company. Shares short for NATI as of Oct 13, 2022 were 3.67M with a Short Ratio of 3.22M, compared to 2.5M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.78% and a Short% of Float of 3.26%.

Dividends & Splits

With its trailing 12-month dividend rate of 1.05, NATI has a forward annual dividend rate of 1.12. Against a Trailing Annual Dividend Yield of 1.94%, it implies a Forward Annual Dividend Yield of 2.77%. The stock’s 5-year Average Dividend Yield is 2.42. The current Payout Ratio is 104.60% for NATI, which recently paid a dividend on Nov 27, 2022 with an ex-dividend date of Aug 04, 2022. Stock splits for the company last occurred on Feb 22, 2011 when the company split stock in a 3:2 ratio.

Earnings Estimates

The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.76 for the current quarter, with a high estimate of $0.85 and a low estimate of $0.67, while EPS last year was $0.3. The consensus estimate for the next quarter is $0.56, with high estimates of $0.58 and low estimates of $0.55.

Analysts are recommending an EPS of between $2.1 and $1.96 for the fiscal current year, implying an average EPS of $2.04. EPS for the following year is $2.6, with 6 analysts recommending between $2.98 and $2.35.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $536M to a low estimate of $464.34M. As of the current estimate, National Instruments Corporation’s year-ago sales were $420.64M, an estimated increase of 16.10% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $442.36M, an increase of 9.80% less than the figure of $16.10% in the same quarter last year. There is a high estimate of $461.64M for the next quarter, whereas the lowest estimate is $432.5M.

A total of 7 analysts have provided revenue estimates for NATI’s current fiscal year. The highest revenue estimate was $1.74B, while the lowest revenue estimate was $1.67B, resulting in an average revenue estimate of $1.69B. In the same quarter a year ago, actual revenue was $1.47B, up 15.10% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.85B in the next fiscal year. The high estimate is $1.9B and the low estimate is $1.74B. The average revenue growth estimate for next year is up 9.20% from the average revenue estimate for this year.