National Instruments Corp. Director Sells $128,520 in Stock (NATI)
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 30th. The stock was sold at an average price of $32.13, for a total transaction of $128,520.00. Following the transaction, the director now directly owns 413,826 shares in the company, valued at approximately $13,296,229. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
National Instruments Corp. (NASDAQ:NATI) traded up 1.79% on Tuesday, hitting $32.97. 543,382 shares of the company’s stock traded hands. National Instruments Corp. has a 52 week low of $26.25 and a 52 week high of $33.00. The stock’s 50-day moving average is $29.79 and its 200-day moving average is $29.42. The company has a market cap of $4.159 billion and a P/E ratio of 50.61.
National Instruments Corp. (NASDAQ:NATI) last released its 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. Analysts expect that National Instruments Corp. will post $0.81 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of National Instruments Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $33.20 price target on the stock. Separately, 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $33.40.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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