National Instruments Corporation (NASDAQ:NATI) insider John Charles Roiko sold 489 shares of National Instruments stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $44.45, for a total transaction of $21,736.05. Following the transaction, the insider now directly owns 18,451 shares in the company, valued at approximately $820,146.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of National Instruments Corporation (NATI) opened at $42.47 on Tuesday. National Instruments Corporation has a 1 year low of $29.64 and a 1 year high of $46.33. The firm has a market cap of $5,718.79, a price-to-earnings ratio of 49.71 and a beta of 0.93. 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 (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. National Instruments had a net margin of 8.72% and a return on equity of 10.16%. The company had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $319.78 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. National Instruments’s quarterly revenue was up 4.7% on a year-over-year basis. analysts forecast that National Instruments Corporation will post 0.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, November 10th. National Instruments’s dividend payout ratio is presently 100.00%.
NATI has been the topic of several recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $46.00 price objective on shares of National Instruments in a research report on Sunday, October 29th. Zacks Investment Research cut shares of National Instruments from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.25.
A number of hedge funds and other institutional investors have recently bought and sold shares of NATI. Janus Henderson Group PLC purchased a new position in National Instruments during the second quarter worth $423,984,000. William Blair Investment Management LLC purchased a new position in National Instruments during the second quarter worth $115,152,000. American Century Companies Inc. purchased a new position in National Instruments during the second quarter worth $43,967,000. Wells Fargo & Company MN boosted its stake in National Instruments by 1,587.5% during the second quarter. Wells Fargo & Company MN now owns 948,054 shares of the technology company’s stock worth $38,130,000 after buying an additional 891,874 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in National Instruments by 87.5% during the second quarter. Goldman Sachs Group Inc. now owns 1,056,992 shares of the technology company’s stock worth $42,512,000 after buying an additional 493,245 shares during the period. 78.05% of the stock is owned by institutional investors.
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About National Instruments
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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