National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of National Instruments Corporation stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $43.98, for a total value of $329,850.00. Following the completion of the sale, the director now directly owns 8,807,666 shares in the company, valued at $387,361,150.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
National Instruments Corporation (NASDAQ NATI) traded up $0.03 during midday trading on Friday, hitting $44.91. The company’s stock had a trading volume of 437,900 shares, compared to its average volume of 564,830. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.22 and a quick ratio of 2.53. National Instruments Corporation has a 52 week low of $28.36 and a 52 week high of $46.33. The company has a market capitalization of $5,867.83, a PE ratio of 51.00 and a beta of 0.94.
National Instruments Corporation (NASDAQ:NATI) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $319.78 million. National Instruments Corporation had a net margin of 8.72% and a return on equity of 10.16%. National Instruments Corporation’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. sell-side analysts predict that National Instruments Corporation will post 0.93 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, November 10th. National Instruments Corporation’s dividend payout ratio is currently 100.00%.
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A number of large investors have recently bought and sold shares of the stock. Fifth Third Bancorp boosted its stake in National Instruments Corporation by 0.9% in the first quarter. Fifth Third Bancorp now owns 3,722 shares of the technology company’s stock valued at $121,000 after acquiring an additional 32 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in 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 last quarter. Capstone Asset Management Co. increased its stake in 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 last quarter. Teacher Retirement System of Texas increased its stake in 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 last quarter. Finally, World Asset Management Inc increased its stake in 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 last quarter. 80.48% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on NATI. Zacks Investment Research cut National Instruments Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and set a $46.00 target price on shares of National Instruments Corporation in a research note on Sunday, July 30th. Finally, BidaskClub downgraded National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Sunday, August 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. National Instruments Corporation presently has a consensus rating of “Hold” and an average target price of $40.25.
About National Instruments Corporation
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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