National Instruments Corp. Director Sells $127,000 in Stock (NATI)
National Instruments Corp. (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 4,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $31.75, for a total value of $127,000.00. Following the transaction, the director now directly owns 437,826 shares of the company’s stock, valued at approximately $13,900,976. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on NATI. 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, January 1st. 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. National Instruments Corp. presently has an average rating of “Hold” and an average target price of $33.27.
National Instruments Corp. (NASDAQ:NATI) traded up 1.55% during mid-day trading on Wednesday, hitting $32.375. The stock had a trading volume of 127,819 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 $30.88 and a 200-day moving average of $30.04. The company has a market cap of $4.052 billion and a P/E ratio of 57.96.
National Instruments Corp. (NASDAQ:NATI) last announced its earnings results on Thursday, October 31st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts predict that National Instruments Corp. will post $0.62 earnings per share for the current fiscal year.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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