National Instruments Corporation (NasdaqGS:NATI) is looking for M&A. Chief Financial Officer, Karen Rapp said, “We're also looking at M&A opportunities, and I'll talk about our funnel in a minute. We're returning capital through dividends. We do that consistently and averaged about 4% increase year-over-year for the last long period longer than I've been here.

And then for share repurchase we've committed externally to offset dilution through our share repurchase program. Our Board of Directors has approved the program. We have over $150 million left to spend on that.

We feel strongly about continuing to do that, both to return cash to shareholders, but to represent the fact that we believe our stock is undervalued as well. We want to participate with you in that. So let me talk a minute about M&A in the funnel and how we look at this.

When we're looking at acquisitions, as Eric talked about, we are looking for opportunities to accelerate our strategy. We do that through 2 lenses. We look at it from an industry-specific business unit lens where we are incredibly clear what our focus is, what customers we're going to win with, the road maps that we have in place, the investments that we're making”.