Susquehanna analyst Mehdi Hosseini reiterated a Hold rating on National Instruments (NASDAQ:NATI) Corp. on Thursday, setting a price target of $35, which is approximately 4.81% below the present share price of $36.77.
Hosseini expects National Instruments Corp. to post earnings per share (EPS) of $0.08 for the third quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Hold rating of shares in National Instruments, with an average price target of $39.
The analysts price targets range from a high of $44 to a low of $35.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $301.33 million and a net profit of $16.42 million. The company's market cap is $4.83 billion.
According to TipRanks.com, Susquehanna analyst Mehdi Hosseini is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.2% and a 47.60% success rate.
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.