National Instruments Corp. SVP Sells $169,571 in Stock (NATI)
National Instruments Corp. (NASDAQ:NATI) SVP Scott Arthur Rust sold 5,173 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $32.78, for a total transaction of $169,570.94. Following the completion of the sale, the senior vice president now directly owns 33,427 shares in the company, valued at approximately $1,095,737. The transaction 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.
Shares of National Instruments Corp. (NASDAQ:NATI) traded up 0.03% on Thursday, hitting $33.28. The stock had a trading volume of 20,887 shares. National Instruments Corp. has a 52 week low of $26.25 and a 52 week high of $33.38. The stock has a 50-day moving average of $32.3 and a 200-day moving average of $29.71. The company has a market cap of $4.235 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 in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. 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. Shareholders 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 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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