National Instruments Corp. Director Jeffrey L. Kodosky Sells 4,000 Shares (NATI)
National Instruments Corp. (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 4,000 shares of National Instruments Corp. stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $32.01, for a total value of $128,040.00. Following the completion of the sale, the director now directly owns 411,826 shares of the company’s stock, valued at approximately $13,182,550. 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 down 0.59% on Wednesday, hitting $31.85. 432,535 shares of the company’s stock traded hands. National Instruments Corp. has a one year low of $26.25 and a one year high of $33.00. The stock’s 50-day moving average is $31.01 and its 200-day moving average is $29.54. The company has a market cap of $4.017 billion and a P/E ratio of 50.06.
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. Analysts expect that National Instruments Corp. will post $0.81 EPS for the current fiscal year.
NATI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of National Instruments Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently 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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