|Bid||51.89 x 800|
|Ask||52.60 x 800|
|Day's range||51.43 - 52.21|
|52-week range||29.81 - 55.04|
|Beta (5Y monthly)||1.17|
|PE ratio (TTM)||461.50|
|Earnings date||26 Apr 2023 - 01 May 2023|
|Forward dividend & yield||1.12 (2.10%)|
|Ex-dividend date||10 Feb 2023|
|1y target est||54.83|
The bidding war for National Instruments, or NI (NASDAQ: NATI), is heating up, according to Reuters. Not only is Emerson Electric (NYSE: EMR) still firmly in the frame, but NI's rival Keysight (NYSE: KEYS) and industry peer Fortive (NYSE: FTV) are also believed to be part of the process. What's going on, and what does it mean for the investment proposition for these stocks?
AUSTIN, Texas, March 06, 2023--NI (NASDAQ: NATI) today announced the acquisition of SET GmbH ("SET"), long-standing experts in aerospace and defense test system development and recent innovators in power semiconductor reliability test. Together, the companies will reduce time to market for critical, highly differentiated solutions and accelerate semiconductor-to-transportation supply-chain convergence with power electronic materials such as silicon carbide (SiC) and gallium nitrite (GaN).
The industrial company's management intends to transform the company into a pure-play automation stock.