National Instruments Corp. EVP Sells $49,474 in Stock (NATI)
National Instruments Corp. (NASDAQ:NATI) EVP Eric Howard Starkloff unloaded 1,779 shares of the stock on the open market in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $27.81, for a total transaction of $49,473.99. Following the transaction, the executive vice president now directly owns 7,851 shares in the company, valued at approximately $218,336. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of National Instruments Corp. (NASDAQ:NATI) traded up 0.89% during mid-day trading on Tuesday, hitting $28.37. 87,264 shares of the company’s stock traded hands. National Instruments Corp. has a 1-year low of $26.22 and a 1-year high of $32.93. The stock has a 50-day moving average of $27.55 and a 200-day moving average of $29.58. The company has a market cap of $3.578 billion and a price-to-earnings ratio of 43.94.
National Instruments Corp. (NASDAQ:NATI) last announced its earnings results on Tuesday, April 29th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.05. The company had revenue of $284.67 million for the quarter, compared to the consensus estimate of $291.15 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts expect that National Instruments Corp. will post $0.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 2nd. Investors of record on Monday, May 12th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, May 8th.
NATI has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of National Instruments Corp. from a “neutral” rating to an “underperform” rating in a research note on Friday, May 2nd. They now have a $25.80 price target on the stock. Separately, analysts at TheStreet downgraded shares of National Instruments Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $30.93.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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