Boosted by exceptionally strong overseas demand, NATI beat on sales and earnings and provided favorable guidance for the rest of the year. The stock is quoted 30/31, but I suspect that is will trade higher on this second consecutive strong quarter. Our target is sufficiently high that I don't expect to take any action if the stock does rally as I expect. If I learn of anything substantive on the call, I will report back.
Disclosure: Long NATI