National Instruments Corp. (NATI) Announces Quarterly Dividend of $0.14
National Instruments Corp. (NASDAQ:NATI) announced a quarterly dividend on Thursday, October 31st, AnalystRatingsNetwork.com reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.14 per share on Tuesday, December 3rd. This represents a $0.56 annualized dividend and a dividend yield of 1.93%.
NATI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of National Instruments Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, September 26th. They now have a $33.20 price target on the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of National Instruments Corp. in a research note to investors on Thursday, August 15th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $30.73.
National Instruments Corp. (NASDAQ:NATI) traded down 0.85% during mid-day trading on Thursday, hitting $29.05. The stock had a trading volume of 528,894 shares. National Instruments Corp. has a 52 week low of $22.89 and a 52 week high of $32.83. The stock has a 50-day moving average of $30.50 and a 200-day moving average of $28.9. The company has a market cap of $3.625 billion and a P/E ratio of 47.26.
National Instruments Corp. (NASDAQ:NATI) last released its earnings data on Thursday, October 31st. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.08. The company had revenue of $289.10 million for the quarter, compared to the consensus estimate of $285.43 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Analysts expect that National Instruments Corp. will post $0.59 EPS for the current fiscal year.
In other National Instruments Corp. news, Director Jeffrey L. Kodosky sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $29.47, for a total value of $353,640.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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