Insider Selling: National Instruments Corp. Director Sells 4,000 Shares of 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, 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 sale, 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 0.36% on Thursday, hitting $33.39. The stock had a trading volume of 72,212 shares. National Instruments Corp. has a 52 week low of $26.25 and a 52 week high of $33.38. The stock’s 50-day moving average is $32.3 and its 200-day moving average is $29.71. The company has a market cap of $4.249 billion and a P/E ratio of 46.27.
National Instruments Corp. (NASDAQ:NATI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that National Instruments Corp. will post $0.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Monday, August 11th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Thursday, August 7th.
National Instruments Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.