National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 500 shares of National Instruments stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $41.25, for a total transaction of $20,625.00. Following the completion of the transaction, the director now directly owns 337,410 shares of the company’s stock, valued at $13,918,162.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of National Instruments stock traded down $0.41 during trading on Tuesday, hitting $40.81. 8,342 shares of the stock were exchanged, compared to its average volume of 561,843. The stock’s fifty day moving average is $42.07 and its 200 day moving average is $41.86. The stock has a market cap of $5.52 billion, a PE ratio of 30.45 and a beta of 0.89. National Instruments Corp has a 12 month low of $38.01 and a 12 month high of $49.78.
National Instruments (NASDAQ:NATI) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The firm had revenue of $340.44 million for the quarter, compared to the consensus estimate of $338.95 million. National Instruments had a net margin of 11.90% and a return on equity of 14.73%. National Instruments’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. Sell-side analysts expect that National Instruments Corp will post 1.26 EPS for the current fiscal year.
The company also recently declared a dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Thursday, November 7th. National Instruments’s payout ratio is currently 74.63%.
Several large investors have recently made changes to their positions in the business. Baillie Gifford & Co. grew its holdings in National Instruments by 0.6% in the 2nd quarter. Baillie Gifford & Co. now owns 838,268 shares of the technology company’s stock worth $35,199,000 after buying an additional 5,001 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of National Instruments by 30.1% in the third quarter. Retirement Systems of Alabama now owns 404,295 shares of the technology company’s stock worth $16,976,000 after purchasing an additional 93,502 shares in the last quarter. Bank of Nova Scotia grew its stake in shares of National Instruments by 5.7% in the second quarter. Bank of Nova Scotia now owns 12,678 shares of the technology company’s stock worth $532,000 after purchasing an additional 678 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of National Instruments by 57.5% during the second quarter. JPMorgan Chase & Co. now owns 312,094 shares of the technology company’s stock valued at $12,952,000 after purchasing an additional 113,877 shares during the period. Finally, Veritable L.P. increased its holdings in shares of National Instruments by 30.5% during the second quarter. Veritable L.P. now owns 6,425 shares of the technology company’s stock valued at $270,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 80.03% of the company’s stock.
Several equities research analysts recently weighed in on the stock. ValuEngine upgraded shares of National Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. BidaskClub raised shares of National Instruments from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Susquehanna Bancshares initiated coverage on National Instruments in a research report on Friday, October 18th. They set a “neutral” rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $45.00.
National Instruments Company Profile
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.
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