National Instruments Corp. SVP Scott Arthur Rust Sells 5,173 Shares (NATI)
National Instruments Corp. (NASDAQ:NATI) SVP Scott Arthur Rust unloaded 5,173 shares of the stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $32.78, for a total value of $169,570.94. Following the completion of the sale, the senior vice president now directly owns 33,427 shares of the company’s stock, valued at approximately $1,095,737. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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. 331,810 shares of the company’s stock traded hands. 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 $32.2 and its 200-day moving average is $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 posted its quarterly 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 1.82%. 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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