National Instruments rose 11.3% during the afternoon session to $52.3 per share. As reported by Barrons: "Industrial-automation giant Emerson Electric made a hostile bid for testing-equipment maker National Instruments Emerson wants to offer more automation solutions and software to customers. However, Emerson investors don't seem to like the deal." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, National Instruments has a trailing 12 month P/E ratio of 462.8 and a P/B ratio of 5.6.
At today's price of $52.3 per share, National Instruments is 10.88% away from its target price of $47.17, and on average, analysts give the stock a rating of buy. 3.3% of the company's shares are linked to short positions, and 90.7% of the shares are owned by institutional investors.
