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National Instruments Corp (NATI) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

National Instruments Corp (NATI) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. National Instruments Corp designs, manufactures & sells computer-based virtual instrumentation software & hardware products to scientists and engineers. Its products include embedded control and monitoring hardware, NI LabVIEW, and NI LabWindows/CVI. National Instruments Corp has a market cap of $6.1 billion; its shares were traded at around $46.04 with a P/E ratio of 40.04 and P/S ratio of 4.49. The dividend yield of National Instruments Corp stocks is 2.05%. National Instruments Corp had annual average EBITDA growth of 6.10% over the past ten years. GuruFocus rated National Instruments Corp the business predictability rank of 2.5-star.


For the last quarter National Instruments Corp reported a revenue of $360.1 million, compared with the revenue of $349.8 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.4 billion, an increase of 5.4% from last year. For the last five years National Instruments Corp had an average revenue growth rate of 2.5% a year.

The reported diluted earnings per share was $1.16 for the year, an increase of 190% from previous year. Over the last five years National Instruments Corp had an EPS growth rate of 0.3% a year. The National Instruments Corp had a decent operating margin of 12.72%, compared with the operating margin of 11.31% a year before. The 10-year historical median operating margin of National Instruments Corp is 11.10%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, National Instruments Corp has the cash and cash equivalents of $259.4 million, compared with $290.2 million in the previous year. The company had no long term debt. The interest coverage to the debt is 2.4, which is not a favorable level. National Instruments Corp has a financial strength rank of 10 (out of 10).

At the current stock price of $46.04, National Instruments Corp is traded at 41.4% premium to its historical median P/S valuation band of $32.57. The P/S ratio of the stock is 4.49, while the historical median P/S ratio is 3.19. The intrinsic value of the stock is $12.46 a share, according to GuruFocus DCF Calculator. The stock lost 5.49% during the past 12 months.

Directors and Officers Recent Trades:

  • Director Jeffrey L Kodosky sold 2,000 shares of NATI stock on 02/19/2019 at the average price of $45.67. The price of the stock has increased by 0.81% since.
  • Director Jeffrey L Kodosky sold 2,000 shares of NATI stock on 02/11/2019 at the average price of $44.9. The price of the stock has increased by 2.54% since.
  • Director Jeffrey L Kodosky sold 2,000 shares of NATI stock on 02/04/2019 at the average price of $44.47. The price of the stock has increased by 3.53% since.
  • Director Jeffrey L Kodosky sold 2,000 shares of NATI stock on 01/28/2019 at the average price of $44.7. The price of the stock has increased by 3% since.

For the complete 20-year historical financial data of NATI, click here.

This article first appeared on GuruFocus.