National Instruments (NASDAQ:NATI) Director James J. Truchard sold 67,500 shares of National Instruments stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $50.63, for a total value of $3,417,525.00. Following the transaction, the director now owns 6,755,037 shares in the company, valued at $342,007,523.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NASDAQ NATI opened at $50.56 on Friday. The firm has a market capitalization of $6,707.13, a P/E ratio of 53.79 and a beta of 0.93. National Instruments has a twelve month low of $33.14 and a twelve month high of $53.57.
National Instruments (NASDAQ:NATI) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $349.80 million during the quarter, compared to the consensus estimate of $347.38 million. National Instruments had a return on equity of 10.76% and a net margin of 4.06%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS. equities analysts anticipate that National Instruments will post 1.23 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of National Instruments by 44.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock worth $169,000 after buying an additional 1,241 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of National Instruments during the 3rd quarter valued at $204,000. Jane Street Group LLC purchased a new position in shares of National Instruments during the 3rd quarter valued at $248,000. AMP Capital Investors Ltd purchased a new position in shares of National Instruments during the 3rd quarter valued at $261,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of National Instruments by 52.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,459 shares of the technology company’s stock valued at $269,000 after purchasing an additional 2,218 shares in the last quarter. 76.94% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on NATI shares. Zacks Investment Research upgraded National Instruments from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Thursday, December 28th. BidaskClub raised National Instruments from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. Stifel Nicolaus boosted their price target on National Instruments from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Robert W. Baird reaffirmed a “buy” rating on shares of National Instruments in a research report on Wednesday, January 31st. Finally, ValuEngine raised National Instruments from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $47.75.
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National Instruments Company Profile
National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.
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