Insider Buying: National Instruments Corp (NATI) Director Buys 1,900 Shares of Stock

National Instruments Corp (NASDAQ:NATI) Director Duy Loan T. Le purchased 1,900 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average price of $46.56 per share, for a total transaction of $88,464.00. Following the purchase, the director now owns 89,666 shares in the company, valued at $4,174,848.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of National Instruments Corp (NASDAQ:NATI) traded up $0.71 during trading on Monday, reaching $46.83. 577,302 shares of the company were exchanged, compared to its average volume of 590,845. The company has a market cap of $6,029.96, a PE ratio of 117.08 and a beta of 1.03. National Instruments Corp has a 52 week low of $31.39 and a 52 week high of $50.61. The company has a current ratio of 3.32, a quick ratio of 2.64 and a debt-to-equity ratio of 0.01.

National Instruments (NASDAQ:NATI) last posted its earnings results on Tuesday, January 30th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The business had revenue of $349.80 million for the quarter, compared to analysts’ expectations of $347.38 million. National Instruments had a net margin of 4.06% and a return on equity of 10.76%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. research analysts anticipate that National Instruments Corp will post 1.19 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 12th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.92 annualized dividend and a yield of 1.96%. This is a boost from National Instruments’s previous quarterly dividend of $0.21. National Instruments’s dividend payout ratio is currently 210.01%.

A number of equities analysts recently issued reports on NATI shares. Stifel Nicolaus reiterated a “buy” rating and issued a $46.00 price target on shares of National Instruments in a research note on Sunday, October 29th. BidaskClub cut shares of National Instruments from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 16th. Zacks Investment Research upgraded shares of National Instruments from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Thursday, December 28th. Finally, Robert W. Baird reiterated a “buy” rating on shares of National Instruments in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $46.67.

A number of institutional investors and hedge funds have recently bought and sold shares of NATI. Zions Bancorporation bought a new position in National Instruments during the 3rd quarter valued at about $129,000. Westwood Holdings Group Inc. bought a new position in National Instruments during the 2nd quarter valued at about $139,000. JPMorgan Chase & Co. lifted its stake in National Instruments by 44.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock valued at $169,000 after acquiring an additional 1,241 shares during the period. Magnetar Financial LLC bought a new position in National Instruments during the 3rd quarter valued at about $204,000. Finally, Jane Street Group LLC bought a new position in National Instruments during the 3rd quarter valued at about $248,000. Institutional investors and hedge funds own 77.95% 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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