National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $53.00, for a total transaction of $84,800.00. Following the sale, the director now owns 370,171 shares in the company, valued at approximately $19,619,063. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of National Instruments Corp (NASDAQ NATI) traded down $0.70 on Tuesday, reaching $52.38. 567,719 shares of the company’s stock were exchanged, compared to its average volume of 585,953. National Instruments Corp has a twelve month low of $31.39 and a twelve month high of $53.57. The stock has a market cap of $6,928.93, a price-to-earnings ratio of 130.95 and a beta of 0.97.
National Instruments (NASDAQ:NATI) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $347.38 million. During the same period last year, the firm posted $0.34 EPS. The company’s revenue was up 6.3% on a year-over-year basis. sell-side analysts expect that National Instruments Corp will post 1.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 5th. Investors of record on Monday, February 12th were issued a $0.23 dividend. The ex-dividend date was Friday, February 9th. 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 dividend yield of 1.76%. National Instruments’s dividend payout ratio (DPR) is 230.01%.
Several hedge funds have recently bought and sold shares of NATI. Nationwide Fund Advisors grew its holdings in shares of National Instruments by 1.8% in the third quarter. Nationwide Fund Advisors now owns 495,371 shares of the technology company’s stock valued at $20,890,000 after purchasing an additional 8,548 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of National Instruments in the third quarter valued at $400,000. Victory Capital Management Inc. purchased a new position in shares of National Instruments in the third quarter valued at $2,314,000. Prudential Financial Inc. grew its holdings in shares of National Instruments by 2.9% in the third quarter. Prudential Financial Inc. now owns 68,128 shares of the technology company’s stock valued at $2,873,000 after purchasing an additional 1,890 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of National Instruments by 5.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 39,176 shares of the technology company’s stock valued at $1,652,000 after purchasing an additional 2,122 shares in the last quarter. 77.01% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of National Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 3rd. ValuEngine raised shares of National Instruments from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Robert W. Baird reaffirmed a “buy” rating on shares of National Instruments in a report on Wednesday, January 31st. Stifel Nicolaus increased their price objective on shares of National Instruments from $46.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research raised shares of National Instruments from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.67.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/03/13/jeffrey-l-kodosky-sells-1600-shares-of-national-instruments-corp-nati-stock.html.
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.
Receive News & Ratings for National Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Instruments and related companies with MarketBeat.com's FREE daily email newsletter.