National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 300 shares of National Instruments stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $49.15, for a total transaction of $14,745.00. Following the sale, the director now directly owns 371,671 shares of the company’s stock, valued at approximately $18,267,629.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of National Instruments Corp (NASDAQ NATI) traded up $0.66 during trading on Wednesday, hitting $47.49. 491,700 shares of the company’s stock were exchanged, compared to its average volume of 571,604. The firm has a market capitalization of $6,122.79, a P/E ratio of 118.73 and a beta of 1.03. National Instruments Corp has a 1-year low of $31.39 and a 1-year high of $50.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.64 and a current ratio of 3.32.
National Instruments (NASDAQ:NATI) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. National Instruments had a net margin of 4.06% and a return on equity of 10.76%. The business had revenue of $349.80 million during the quarter, compared to the consensus estimate of $347.38 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. sell-side analysts expect that National Instruments Corp will post 1.19 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 12th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, February 9th. This is an increase from National Instruments’s previous quarterly dividend of $0.21. National Instruments’s dividend payout ratio is 230.01%.
NATI has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $46.00 price target on shares of National Instruments in a report on Sunday, October 29th. Zacks Investment Research lowered shares of National Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Robert W. Baird reissued a “buy” rating on shares of National Instruments in a report on Wednesday, January 31st. Finally, BidaskClub raised shares of National Instruments from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. National Instruments currently has a consensus rating of “Buy” and a consensus price target of $46.67.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NATI. UBS Asset Management Americas Inc. raised its position in shares of National Instruments by 2.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 79,883 shares of the technology company’s stock worth $3,213,000 after purchasing an additional 1,577 shares during the last quarter. Citigroup Inc. raised its position in shares of National Instruments by 2.7% during the 2nd quarter. Citigroup Inc. now owns 9,808 shares of the technology company’s stock worth $395,000 after purchasing an additional 256 shares during the last quarter. California Public Employees Retirement System raised its holdings in National Instruments by 16.8% in the 2nd quarter. California Public Employees Retirement System now owns 206,400 shares of the technology company’s stock valued at $8,301,000 after acquiring an additional 29,700 shares during the last quarter. Advisor Group Inc. raised its holdings in National Instruments by 10.6% in the 2nd quarter. Advisor Group Inc. now owns 10,953 shares of the technology company’s stock valued at $441,000 after acquiring an additional 1,054 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in National Instruments by 1.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 136,183 shares of the technology company’s stock valued at $5,477,000 after acquiring an additional 1,766 shares during the last quarter. Hedge funds and other institutional investors 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.
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