National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of National Instruments stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $42.06, for a total value of $315,450.00. Following the completion of the transaction, the director now owns 8,292,537 shares in the company, valued at $348,784,106.22. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
National Instruments Corporation (NASDAQ NATI) opened at $43.53 on Thursday. The firm has a market capitalization of $5,690.00, a price-to-earnings ratio of 53.74 and a beta of 0.93. The company has a current ratio of 3.22, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. National Instruments Corporation has a 1 year low of $29.80 and a 1 year high of $46.33.
National Instruments (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. National Instruments had a return on equity of 10.16% and a net margin of 8.72%. The business had revenue of $320.90 million during the quarter, compared to the consensus estimate of $319.78 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. sell-side analysts forecast that National Instruments Corporation will post 0.93 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $46.00 price objective on shares of National Instruments in a report on Sunday, October 29th. BidaskClub raised National Instruments from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Finally, Zacks Investment Research raised National Instruments from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Thursday, December 28th.
Hedge funds have recently bought and sold shares of the business. Teacher Retirement System of Texas lifted its stake in shares of National Instruments by 1.8% during the second quarter. Teacher Retirement System of Texas now owns 9,331 shares of the technology company’s stock worth $375,000 after purchasing an additional 169 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of National Instruments by 6.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock worth $163,000 after purchasing an additional 241 shares in the last quarter. Citigroup Inc. lifted its stake in shares of National Instruments by 2.7% during the second quarter. Citigroup Inc. now owns 9,808 shares of the technology company’s stock worth $395,000 after purchasing an additional 256 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of National Instruments by 2.0% during the second quarter. Pacer Advisors Inc. now owns 13,619 shares of the technology company’s stock worth $548,000 after purchasing an additional 270 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of National Instruments by 0.6% during the second quarter. Prudential Financial Inc. now owns 66,238 shares of the technology company’s stock worth $2,664,000 after purchasing an additional 390 shares in the last quarter. 78.04% of the stock is owned by hedge funds and other 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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