National Instruments Corp. CFO Sells $32,830 in Stock (NATI)
National Instruments Corp. (NASDAQ:NATI) CFO Alexander M. Davern unloaded 1,000 shares of the stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $32.83, for a total value of $32,830.00. Following the sale, the chief financial officer now directly owns 69,360 shares in the company, valued at approximately $2,277,089. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of National Instruments Corp. (NASDAQ:NATI) traded up 0.15% during mid-day trading on Tuesday, hitting $33.20. The stock had a trading volume of 163,652 shares. National Instruments Corp. has a 52-week low of $26.25 and a 52-week high of $33.46. The stock’s 50-day moving average is $32.44 and its 200-day moving average is $29.97. The company has a market cap of $4.225 billion and a P/E ratio of 46.11.
National Instruments Corp. (NASDAQ:NATI) last announced its 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 1.81%. The ex-dividend date of this dividend is Thursday, August 7th.
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 Corporation (NASDAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists.
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