National Instruments Corp (NASDAQ:NATI) CEO Alexander M. Davern sold 11,925 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $50.31, for a total transaction of $599,946.75. Following the completion of the sale, the chief executive officer now owns 114,938 shares in the company, valued at $5,782,530.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of National Instruments Corp (NATI) opened at $48.51 on Tuesday. The company has a quick ratio of 2.64, a current ratio of 3.32 and a debt-to-equity ratio of 0.01. The firm has a market cap of $6,552.94, a price-to-earnings ratio of 121.28 and a beta of 1.03. National Instruments Corp has a twelve month low of $30.89 and a twelve month high of $50.61.
National Instruments (NASDAQ:NATI) last posted its earnings results on Tuesday, January 30th. The technology company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $349.80 million for the quarter, compared to analyst estimates of $347.38 million. National Instruments had a net margin of 4.06% and a return on equity of 10.76%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. sell-side analysts anticipate that National Instruments Corp will post 1.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 12th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from National Instruments’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, February 9th. National Instruments’s dividend payout ratio (DPR) is presently 210.01%.
Large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of National Instruments by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 157,283 shares of the technology company’s stock worth $6,326,000 after acquiring an additional 2,772 shares during the period. Clinton Group Inc. acquired a new stake in shares of National Instruments during the second quarter worth $604,000. BlueCrest Capital Management Ltd acquired a new stake in shares of National Instruments during the second quarter worth $2,652,000. Principal Financial Group Inc. raised its holdings in shares of National Instruments by 0.8% during the third quarter. Principal Financial Group Inc. now owns 458,721 shares of the technology company’s stock worth $19,343,000 after acquiring an additional 3,649 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in shares of National Instruments by 148.9% during the third quarter. GSA Capital Partners LLP now owns 21,227 shares of the technology company’s stock worth $895,000 after acquiring an additional 12,700 shares during the period. Institutional investors and hedge funds own 77.85% of the company’s stock.
Several research firms have weighed in on NATI. Zacks Investment Research lowered shares of National Instruments from a “buy” rating to a “hold” rating in a report on Saturday. BidaskClub upgraded shares of National Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Stifel Nicolaus increased their target price on shares of National Instruments from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Robert W. Baird reiterated a “buy” rating on shares of National Instruments in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $46.67.
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National Instruments Company Profile
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.
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