National Instruments Corp (NASDAQ:NATI) Director Duy Loan T. Le bought 1,900 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of $46.56 per share, with a total value of $88,464.00. Following the acquisition, the director now directly owns 89,666 shares in the company, valued at approximately $4,174,848.96. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Shares of National Instruments Corp (NASDAQ NATI) traded down $0.05 during midday trading on Monday, hitting $49.49. 339,100 shares of the stock traded hands, compared to its average volume of 571,609. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.64. The stock has a market cap of $6,470.57, a PE ratio of 123.73 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.
National Instruments (NASDAQ:NATI) last announced its earnings results on Tuesday, January 30th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $349.80 million for the quarter, compared to analysts’ expectations of $347.38 million. National Instruments had a negative net margin of 6.94% and a negative return on equity of 8.50%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. equities analysts forecast that National Instruments Corp will post 1.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 12th will be given a $0.23 dividend. This is a positive change from National Instruments’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, February 9th. National Instruments’s dividend payout ratio is 230.01%.
A number of institutional investors have recently bought and sold shares of NATI. Alliancebernstein L.P. raised its position in National Instruments by 3,081.3% in the 4th quarter. Alliancebernstein L.P. now owns 2,000,276 shares of the technology company’s stock worth $83,271,000 after purchasing an additional 1,937,399 shares during the period. American Century Companies Inc. raised its position in National Instruments by 37.7% in the 4th quarter. American Century Companies Inc. now owns 2,137,187 shares of the technology company’s stock worth $88,971,000 after purchasing an additional 584,819 shares during the period. First Trust Advisors LP raised its position in National Instruments by 480.0% in the 3rd quarter. First Trust Advisors LP now owns 513,720 shares of the technology company’s stock worth $21,664,000 after purchasing an additional 425,154 shares during the period. Allianz Asset Management GmbH purchased a new stake in National Instruments in the 4th quarter worth about $12,739,000. Finally, Janus Henderson Group PLC raised its position in National Instruments by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 10,804,219 shares of the technology company’s stock worth $455,616,000 after purchasing an additional 262,578 shares during the period. 78.60% of the stock is currently owned by institutional investors.
NATI has been the subject of several recent analyst reports. Zacks Investment Research raised shares of National Instruments from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Thursday, December 28th. BidaskClub downgraded shares of National Instruments from a “sell” rating to a “strong sell” rating in a report on Saturday, December 16th. Stifel Nicolaus reissued a “buy” rating and set a $46.00 price objective on shares of National Instruments in a report on Sunday, October 29th. Finally, Robert W. Baird reissued a “buy” rating on shares of National Instruments in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and three have issued 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.
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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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