Share on StockTwits

National Instruments Corp. (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 4,000 shares of the company’s stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $32.95, for a total value of $131,800.00. Following the transaction, the director now directly owns 405,826 shares in the company, valued at approximately $13,371,967. 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 down 0.45% on Wednesday, hitting $33.10. 162,504 shares of the company’s stock traded hands. National Instruments Corp. has a 52 week low of $26.25 and a 52 week high of $33.46. The stock has a 50-day moving average of $32.39 and a 200-day moving average of $29.87. The company has a market cap of $4.213 billion and a P/E ratio of 46.24.

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. 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. Investors 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 1.80%. 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.

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.