Jeffrey L. Kodosky Sells 2,000 Shares of National Instruments Corporation (NATI) Stock
National Instruments Corporation (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $40.08, for a total transaction of $80,160.00. Following the completion of the transaction, the director now directly owns 382,771 shares in the company, valued at $15,341,461.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
National Instruments Corporation (NATI) traded down 0.92% during trading on Tuesday, hitting $39.74. 318,711 shares of the stock traded hands. The company has a 50-day moving average price of $41.05 and a 200-day moving average price of $36.03. The stock has a market cap of $5.19 billion, a PE ratio of 53.78 and a beta of 0.94. National Instruments Corporation has a 12 month low of $26.74 and a 12 month high of $43.74.
National Instruments Corporation (NASDAQ:NATI) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.08. National Instruments Corporation had a net margin of 8.11% and a return on equity of 9.81%. The company had revenue of $318.61 million during the quarter, compared to analyst estimates of $321.07 million. During the same period in the prior year, the business posted $0.23 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. Equities research analysts expect that National Instruments Corporation will post $0.92 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.84 dividend on an annualized basis and a yield of 2.11%. National Instruments Corporation’s dividend payout ratio is currently 107.69%.
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A number of brokerages have issued reports on NATI. Stifel Nicolaus restated a “buy” rating and set a $46.00 target price on shares of National Instruments Corporation in a research report on Sunday, July 30th. Deutsche Bank AG began coverage on shares of National Instruments Corporation in a research report on Tuesday, May 16th. They set a “hold” rating and a $34.00 target price on the stock. BidaskClub lowered shares of National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of National Instruments Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Tuesday, May 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.25.
A number of large investors have recently bought and sold shares of NATI. Janus Henderson Group PLC bought a new position in shares of National Instruments Corporation during the second quarter valued at approximately $423,984,000. BlackRock Inc. raised its position in shares of National Instruments Corporation by 7,809.7% in the first quarter. BlackRock Inc. now owns 9,143,655 shares of the technology company’s stock valued at $297,718,000 after buying an additional 9,028,054 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of National Instruments Corporation during the second quarter valued at about $115,152,000. American Century Companies Inc. acquired a new position in shares of National Instruments Corporation during the second quarter valued at about $43,967,000. Finally, TimesSquare Capital Management LLC acquired a new position in shares of National Instruments Corporation during the first quarter valued at about $32,218,000. Institutional investors own 78.90% of the company’s stock.
About National Instruments Corporation
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.
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