J.P. Morgan Provides Color on National Instruments, Overweight

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J.P. Morgan provided color on National Instruments
NATI
, following the company's announcement of two acquisitions. In a research report published today, J.P. Morgan states, "NI announces two acquisitions, one in hardware, and the other in design software. Phase Matrix is primarily an instrument provider, while AMR Corp is a high frequency EDA software provider. Both companies will bring more advanced test and design capabilities to NI, focused primarily on aerospace/defense and wireless markets. The acquisitions fit into NI's overall strategy of increasing its market penetration into RF and wireless related markets. NI's cash expenditure is approximately $38M for Phase Matrix and $51M for AMR, ex. cash." At the moment, J.P. Morgan has an Overweight rating on National Instruments. On Monday, National Instruments closed the day at $28.79.
Posted In: Analyst ColorAnalyst RatingsElectronic Equipment ManufacturersInformation TechnologyJ.P. Morgannational instruments
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