National Instruments Corp (NASDAQ:NATI) insider Scott Arthur Rust sold 4,395 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $49.45, for a total transaction of $217,332.75. Following the completion of the transaction, the insider now owns 17,612 shares in the company, valued at approximately $870,913.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
National Instruments Corp (NATI) opened at $50.21 on Thursday. The company has a quick ratio of 2.64, a current ratio of 3.32 and a debt-to-equity ratio of 0.01. National Instruments Corp has a fifty-two week low of $31.39 and a fifty-two week high of $50.80. The stock has a market cap of $6,457.50, a P/E ratio of 53.11 and a beta of 1.03.
National Instruments (NASDAQ:NATI) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. National Instruments had a net margin of 4.06% and a return on equity of 10.76%. The firm had revenue of $349.80 million for the quarter, compared to analysts’ expectations of $347.38 million. During the same quarter last year, the business earned $0.34 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. research analysts forecast that National Instruments Corp will post 1.19 EPS 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 issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.92 annualized dividend and a yield of 1.83%. This is a boost from National Instruments’s previous quarterly dividend of $0.21. National Instruments’s payout ratio is 230.01%.
NATI has been the topic of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $46.00 target price on shares of National Instruments in a report on Sunday, October 29th. BidaskClub cut shares of National Instruments from a “sell” rating to a “strong sell” rating in a report 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 target price on the stock in a report on Thursday, December 28th. Finally, Robert W. Baird restated a “buy” rating on shares of National Instruments in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $46.67.
Large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings in 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 acquiring an additional 2,772 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in National Instruments by 0.8% in the third quarter. Principal Financial Group Inc. now owns 458,721 shares of the technology company’s stock valued at $19,343,000 after acquiring an additional 3,649 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in National Instruments by 148.9% in the third quarter. GSA Capital Partners LLP now owns 21,227 shares of the technology company’s stock valued at $895,000 after acquiring an additional 12,700 shares in the last quarter. First Trust Advisors LP boosted its holdings in National Instruments by 480.0% in the third quarter. First Trust Advisors LP now owns 513,720 shares of the technology company’s stock valued at $21,664,000 after acquiring an additional 425,154 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in National Instruments by 0.4% in the third quarter. New York State Common Retirement Fund now owns 568,495 shares of the technology company’s stock valued at $23,973,000 after acquiring an additional 2,412 shares in the last quarter. Institutional investors and hedge funds own 78.60% 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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