National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard Sells 7,500 Shares

National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $41.88, for a total transaction of $314,100.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of National Instruments Corporation (NATI) opened at $44.31 on Friday. National Instruments Corporation has a 12 month low of $29.80 and a 12 month high of $46.33. The company has a market cap of $5,790.00, a P/E ratio of 54.70 and a beta of 0.93. The company has a quick ratio of 2.53, a current ratio of 3.22 and a debt-to-equity ratio of 0.01.

National Instruments (NASDAQ:NATI) last announced 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. 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 analyst estimates of $319.78 million. During the same quarter last year, the business earned $0.25 earnings per share. National Instruments’s revenue was up 4.7% compared to the same quarter last year. equities research analysts forecast that National Instruments Corporation will post 0.93 EPS for the current fiscal year.

NATI has been the topic of several research reports. Stifel Nicolaus reiterated a “buy” rating on shares of National Instruments in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of National Instruments from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Thursday, December 28th. Finally, BidaskClub upgraded shares of National Instruments from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th.

Large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of National Instruments by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 157,283 shares of the technology company’s stock valued at $6,326,000 after purchasing an additional 2,772 shares during the period. Clinton Group Inc. acquired a new stake in shares of National Instruments in the second quarter valued at approximately $604,000. American Century Companies Inc. acquired a new stake in shares of National Instruments in the second quarter valued at approximately $43,967,000. Comerica Bank boosted its holdings in shares of National Instruments by 1.4% in the second quarter. Comerica Bank now owns 83,274 shares of the technology company’s stock valued at $3,585,000 after acquiring an additional 1,176 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in shares of National Instruments in the second quarter valued at approximately $2,652,000. Institutional investors own 78.04% of the company’s stock.

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National Instruments 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 (NASDAQ:NATI)

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