Insider Selling: National Instruments Corp. Director Jeffrey L. Kodosky Unloads 4,000 Shares of Stock (NATI)
National Instruments Corp. (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 4,000 shares of National Instruments Corp. stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $32.82, for a total value of $131,280.00. Following the completion of the transaction, the director now directly owns 406,826 shares in the company, valued at approximately $13,352,029. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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.
National Instruments Corp. (NASDAQ:NATI) traded up 1.14% on Tuesday, hitting $33.355. The stock had a trading volume of 331,810 shares. National Instruments Corp. has a 1-year low of $26.25 and a 1-year high of $33.00. The stock has a 50-day moving average of $32.2 and a 200-day moving average of $29.65. The company has a market cap of $4.245 billion and a P/E ratio of 45.87.
National Instruments Corp. (NASDAQ:NATI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. 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 1.82%. The ex-dividend date of this dividend is Thursday, August 7th.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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