National Instruments Corp. EVP Sells $31,824 in Stock (NATI)
National Instruments Corp. (NASDAQ:NATI) EVP Eric Howard Starkloff sold 1,139 shares of the stock on the open market in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $27.94, for a total value of $31,823.66. Following the completion of the sale, the executive vice president now directly owns 6,712 shares in the company, valued at approximately $187,533. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on NATI shares. 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $30.93.
National Instruments Corp. (NASDAQ:NATI) opened at 28.52 on Wednesday. National Instruments Corp. has a one year low of $26.22 and a one year high of $32.93. The stock’s 50-day moving average is $27.51 and its 200-day moving average is $29.4. The company has a market cap of $3.597 billion and a P/E ratio of 44.70.
National Instruments Corp. (NASDAQ:NATI) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.21 earnings per share. National Instruments Corp.’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that National Instruments Corp. will post $0.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 2nd. Stockholders 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 2.10%. The ex-dividend date is Thursday, May 8th.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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