National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide.
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has National Instruments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NATI's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NATI underperformed the US Electronic industry which returned 9% over the past year.
Return vs Market: NATI underperformed the US Market which returned 8.4% over the past year.
Price Volatility Vs. Market
How volatile is National Instruments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StResults: National Instruments Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
1 month ago | Simply Wall StIs Now The Time To Look At Buying National Instruments Corporation (NASDAQ:NATI)?
1 month ago | Simply Wall StHow Does National Instruments's (NASDAQ:NATI) P/E Compare To Its Industry, After Its Big Share Price Gain?
Is National Instruments undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NATI ($38.71) is trading above our estimate of fair value ($21.52)
Significantly Below Fair Value: NATI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NATI is good value based on its PE Ratio (18.7x) compared to the Electronic industry average (19.2x).
PE vs Market: NATI is poor value based on its PE Ratio (18.7x) compared to the US market (16x).
Price to Earnings Growth Ratio
PEG Ratio: NATI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NATI is overvalued based on its PB Ratio (3.9x) compared to the US Electronic industry average (1.8x).
How is National Instruments forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NATI's earnings are forecast to decline over the next 3 years (-16.1% per year).
Earnings vs Market: NATI's earnings are forecast to decline over the next 3 years (-16.1% per year).
High Growth Earnings: NATI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NATI's revenue (6.1% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: NATI's revenue (6.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NATI's Return on Equity is forecast to be high in 3 years time
How has National Instruments performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NATI has a large one-off gain of $150.5M impacting its March 31 2020 financial results.
Growing Profit Margin: NATI's current net profit margins (20.1%) are higher than last year (11.3%).
Past Earnings Growth Analysis
Earnings Trend: NATI's earnings have grown by 14.6% per year over the past 5 years.
Accelerating Growth: NATI's earnings growth over the past year (76.4%) exceeds its 5-year average (14.6% per year).
Earnings vs Industry: NATI earnings growth over the past year (76.4%) exceeded the Electronic industry -9.4%.
Return on Equity
High ROE: NATI's Return on Equity (21.2%) is considered high.
How is National Instruments's financial position?
Financial Position Analysis
Short Term Liabilities: NATI's short term assets ($1.1B) exceed its short term liabilities ($313.7M).
Long Term Liabilities: NATI's short term assets ($1.1B) exceed its long term liabilities ($169.0M).
Debt to Equity History and Analysis
Debt Level: NATI is debt free.
Reducing Debt: NATI had no debt 5 years ago.
Debt Coverage: NATI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NATI has no debt, therefore coverage of interest payments is not a concern.
What is National Instruments's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NATI's dividend (2.69%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: NATI's dividend (2.69%) is low compared to the top 25% of dividend payers in the US market (4.45%).
Stability and Growth of Payments
Stable Dividend: NATI's dividends per share have been stable in the past 10 years.
Growing Dividend: NATI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.8%), NATI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NATI's dividends in 3 years are forecast to be covered by earnings (67.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eric Starkloff (44yo)
Mr. Eric Howard Starkloff serves as Chief Executive Officer and Director of National Instruments Corporation since February 1, 2020. He has been President National Instruments Corporation since October 23, ...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD2.45M) is below average for companies of similar size in the US market ($USD7.31M).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
|Executive VP||3yrs||US$1.86m||0.045% $2.3m|
|VP of Finance & Chief Accounting Officer||2.5yrs||US$509.46k||0.014% $709.8k|
|Senior Vice President of Global Product Research & Development||6.33yrs||US$1.33m||0.038% $1.9m|
|Director of Investor Relations||no data||no data||no data|
|VP, General Counsel & Secretary||1.33yrs||no data||no data|
|Vice President of Strategy & Corporate Development||no data||no data||no data|
|Senior VP & First Chief Marketing Officer||1.17yrs||no data||0.028% $1.4m|
|Vice President of Global Human Resources||3.33yrs||no data||no data|
|Senior Vice President of Business Development||no data||US$454.90k||no data|
Experienced Management: NATI's management team is considered experienced (2.5 years average tenure).
|Independent Director||1.17yrs||US$409.68k||0.0091% $459.0k|
|Independent Director||19.83yrs||US$266.61k||0.088% $4.4m|
|Independent Director||4.17yrs||US$250.68k||0.017% $877.6k|
|Independent Director||0.17yr||no data||0.0068% $345.3k|
|Independent Director||1.17yrs||US$408.11k||0.0091% $459.0k|
|Independent Director||17.67yrs||US$263.75k||0.082% $4.1m|
|Independent Chairman of the Board||1.33yrs||US$359.11k||0.027% $1.4m|
Experienced Board: NATI's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NATI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
National Instruments Corporation's company bio, employee growth, exchange listings and data sources
- Name: National Instruments Corporation
- Ticker: NATI
- Exchange: NasdaqGS
- Founded: 1976
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$5.055b
- Shares outstanding: 130.60m
- Website: https://www.ni.com
Number of Employees
- National Instruments Corporation
- 11500 North MoPac Expressway
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NATI||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Mar 1995|
|NI1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Mar 1995|
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging of application; NI LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data. The company’s application software comprises NI TestStand that is used for automated test and measurement applications in a manufacturing environment; NI VeriStand, a ready-to-use software environment for configuring real-time testing applications; Flexlogger for quick sensor configuration and data logging of mixed signals to verify electromechanical systems; and NI InsightCM Enterprise, a software solution with integrated hardware options for monitoring ancillary rotating equipment. Its systems and data management software include NI DIAdem, which is configuration-based technical data management, analysis, and report generation tools to mine and analyze engineering and measurement data; and NI SystemLink, a systems management software that enables the mass coordination of connected devices, software deployments, and data communications throughout a distributed system. The company also offers PXI hardware form factor that combines PC software and PCI hardware with advanced instrumentation capabilities; NI C-series data acquisition and control products; and NI semiconductor test systems, as well as software and hardware maintenance, and training and certification services. It serves semiconductor, transportation, aerospace, and defense industries; and government agencies. The company was founded in 1976 and is headquartered in Austin, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/29 02:15|
|End of Day Share Price||2020/05/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.