NEW YORK (

TheStreet

) --

National Instruments Corporation

(Nasdaq:

NATI

) hit a new 52-week high Thursday as it traded at $32.34 compared with its previous 52-Week high of $32.30. National Instruments is changing hands at $32.23 with 20,358 shares traded as of 9:47 a.m. ET. Average volume has been 463,000 shares over the past 30 days.

National Instruments has a market cap of $3.8 billion and is part of the

technology

sector and

computer software & services

industry. Shares are up 27.5% year to date as of the close of trading on Wednesday.

National Instruments Corporation manufactures and supplies measurement and automation products. It provides application software and modular hardware that combine with industry-standard computers, networks, and third party devices to create measurement, automation, and embedded systems. The company has a P/E ratio of 34.7, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 16.

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TheStreet Ratings rates National Instruments as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

National Instruments Ratings Report

.

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