Insider Selling: Jeffrey L. Kodosky Unloads 4,000 Shares of National Instruments Corp. Stock (NATI)
National Instruments Corp. (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 4,000 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $31.97, for a total transaction of $127,880.00. Following the completion of the sale, the director now directly owns 408,826 shares in the company, valued at approximately $13,070,167. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of National Instruments Corp. (NASDAQ:NATI) traded up 1.19% on Wednesday, hitting $32.24. The stock had a trading volume of 437,403 shares. National Instruments Corp. has a 1-year low of $26.25 and a 1-year high of $33.00. The stock’s 50-day moving average is $32.09 and its 200-day moving average is $29.61. The company has a market cap of $4.103 billion and a price-to-earnings ratio of 44.31.
National Instruments Corp. (NASDAQ:NATI) last announced its earnings results on Tuesday, July 29th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.06. The company had revenue of $312.70 million for the quarter, compared to the consensus estimate of $311.37 million. During the same quarter last year, the company posted $0.18 earnings per share. National Instruments Corp.’s revenue was up 5.6% compared to the same quarter last year. Analysts expect that National Instruments Corp. will post $0.89 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, August 7th.
A number of research firms have recently commented on NATI. 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. 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 assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus 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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