National Instruments Corporation (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $44.58, for a total value of $89,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of National Instruments Corporation (NATI) traded down $0.21 during midday trading on Friday, reaching $44.43. The company’s stock had a trading volume of 701,378 shares, compared to its average volume of 643,650. National Instruments Corporation has a 1 year low of $29.44 and a 1 year high of $46.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.22 and a quick ratio of 2.53. The firm has a market capitalization of $5,780.00, a price-to-earnings ratio of 50.43 and a beta of 0.94.
National Instruments Corporation (NASDAQ:NATI) last issued its earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. National Instruments Corporation had a return on equity of 10.16% and a net margin of 8.72%. The firm had revenue of $320.90 million for the quarter, compared to analyst estimates of $319.78 million. During the same period last year, the company earned $0.25 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. equities research analysts predict that National Instruments Corporation will post 0.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.84 annualized dividend and a dividend yield of 1.89%. National Instruments Corporation’s payout ratio is 103.70%.
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Several large investors have recently added to or reduced their stakes in NATI. Janus Henderson Group PLC bought a new position in shares of National Instruments Corporation in the second quarter worth $423,984,000. William Blair Investment Management LLC bought a new position in shares of National Instruments Corporation in the second quarter worth $115,152,000. American Century Companies Inc. bought a new position in shares of National Instruments Corporation in the second quarter worth $43,967,000. Wells Fargo & Company MN grew its stake in shares of National Instruments Corporation by 1,587.5% in the second quarter. Wells Fargo & Company MN now owns 948,054 shares of the technology company’s stock worth $38,130,000 after purchasing an additional 891,874 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of National Instruments Corporation by 87.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,056,992 shares of the technology company’s stock worth $42,512,000 after purchasing an additional 493,245 shares in the last quarter. 78.71% of the stock is owned by institutional investors.
Several equities research analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $46.00 target price on shares of National Instruments Corporation in a research report on Sunday, October 29th. Zacks Investment Research lowered National Instruments Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub lowered National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. One investment 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 stock currently has an average rating of “Hold” and a consensus price target of $40.25.
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.
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