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National Instruments Corp. (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 4,000 shares of the stock on the open market in a transaction dated Monday, June 16th. The shares were sold at an average price of $30.29, for a total transaction of $121,160.00. Following the completion of the transaction, the director now directly owns 415,826 shares of the company’s stock, valued at approximately $12,595,370. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NATI has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of National Instruments Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday. Separately, 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. National Instruments Corp. has a consensus rating of “Hold” and a consensus target price of $30.93.

National Instruments Corp. (NASDAQ:NATI) traded up 1.69% during mid-day trading on Wednesday, hitting $31.88. 517,827 shares of the company’s stock traded hands. National Instruments Corp. has a one year low of $26.22 and a one year high of $32.93. The stock has a 50-day moving average of $28.58 and a 200-day moving average of $29.32. The company has a market cap of $4.021 billion and a P/E ratio of 48.98.

National Instruments Corp. (NASDAQ:NATI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter 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.

National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.

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