National Instruments Corp. Director Sells $125,600 in Stock (NATI)
National Instruments Corp. (NASDAQ:NATI) Director Jeffrey Kodosky sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $31.40, for a total value of $125,600.00. Following the sale, the director now directly owns 439,826 shares in the company, valued at approximately $13,810,536. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of National Instruments Corp. (NASDAQ:NATI) traded down 3.08% during mid-day trading on Thursday, hitting $31.035. The stock had a trading volume of 88,546 shares. National Instruments Corp. has a 1-year low of $22.89 and a 1-year high of $32.83. The stock’s 50-day moving average is $30.97 and its 200-day moving average is $29.76. The company has a market cap of $3.884 billion and a price-to-earnings ratio of 58.22.
National Instruments Corp. (NASDAQ:NATI) last announced its earnings results on Thursday, October 31st. The company reported $0.19 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.26 earnings per share. National Instruments Corp.’s revenue was down .3% compared to the same quarter last year.
NATI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of National Instruments Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $32.80 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of National Instruments Corp. from $32.00 to $38.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.27.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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