National Instruments Corp. Director Jeffrey L. Kodosky Sells 4,000 Shares (NATI)
National Instruments Corp. (NASDAQ:NATI) Director Jeffrey L. Kodosky unloaded 4,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $31.65, for a total value of $126,600.00. Following the sale, the director now directly owns 414,826 shares of the company’s stock, valued at approximately $13,129,243. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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, June 18th. 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.93.
Shares of National Instruments Corp. (NASDAQ:NATI) traded up 0.63% during mid-day trading on Thursday, hitting $31.84. The stock had a trading volume of 313,695 shares. National Instruments Corp. has a 52 week low of $26.25 and a 52 week high of $32.93. The stock’s 50-day moving average is $29. and its 200-day moving average is $29.36. The company has a market cap of $4.016 billion and a P/E ratio of 49.44.
National Instruments Corp. (NASDAQ:NATI) last released its earnings data 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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