Insider Selling: National Instruments Corporation (NATI) Director Sells 7,500 Shares of Stock

National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $44.43, for a total value of $333,225.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

National Instruments Corporation (NASDAQ:NATI) traded up 0.23% on Thursday, reaching $44.35. The company’s stock had a trading volume of 870,939 shares. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 60.01 and a beta of 0.96. The firm’s 50 day moving average price is $42.34 and its 200-day moving average price is $39.47. National Instruments Corporation has a 1-year low of $27.08 and a 1-year high of $45.30.

National Instruments Corporation (NASDAQ:NATI) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.08. The business had revenue of $318.61 million for the quarter, compared to the consensus estimate of $321.07 million. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. Equities analysts forecast that National Instruments Corporation will post $0.92 earnings per share for the current year.

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A number of research firms have weighed in on NATI. Zacks Investment Research downgraded National Instruments Corporation from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Stifel Nicolaus reissued a “buy” rating on shares of National Instruments Corporation in a report on Tuesday, September 26th. Finally, BidaskClub downgraded National Instruments Corporation from a “buy” rating to a “hold” rating in a report on Sunday, August 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $40.25.

A number of institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp grew its stake in National Instruments Corporation by 0.9% during the 1st quarter. Fifth Third Bancorp now owns 3,722 shares of the technology company’s stock valued at $121,000 after purchasing an additional 32 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of National Instruments Corporation by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 23,879 shares of the technology company’s stock valued at $960,000 after buying an additional 69 shares during the period. Capstone Asset Management Co. lifted its holdings in shares of National Instruments Corporation by 1.0% in the 2nd quarter. Capstone Asset Management Co. now owns 8,478 shares of the technology company’s stock valued at $341,000 after buying an additional 80 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of National Instruments Corporation by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 9,331 shares of the technology company’s stock valued at $375,000 after buying an additional 169 shares during the period. Finally, World Asset Management Inc lifted its holdings in shares of National Instruments Corporation by 3.3% in the 2nd quarter. World Asset Management Inc now owns 7,485 shares of the technology company’s stock valued at $301,000 after buying an additional 237 shares during the period. Institutional investors and hedge funds own 80.35% of the company’s stock.

National Instruments Corporation 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.

Insider Buying and Selling by Quarter for National Instruments Corporation (NASDAQ:NATI)

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