National Instruments Corporation (NATI) Director Jeffrey L. Kodosky Sells 2,000 Shares
National Instruments Corporation (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $38.85, for a total transaction of $77,700.00. Following the completion of the transaction, the director now directly owns 382,271 shares of the company’s stock, valued at $14,851,228.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of National Instruments Corporation (NASDAQ NATI) traded down 0.23% on Monday, hitting $38.87. 367,438 shares of the stock were exchanged. The firm’s 50-day moving average is $40.99 and its 200-day moving average is $36.20. The company has a market cap of $5.07 billion, a P/E ratio of 52.60 and a beta of 0.94. National Instruments Corporation has a one year low of $26.74 and a one year high of $43.74.
National Instruments Corporation (NASDAQ:NATI) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share (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 business had revenue of $318.61 million for the quarter, compared to analyst estimates of $321.07 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts forecast that National Instruments Corporation will post $0.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.16%. National Instruments Corporation’s dividend payout ratio is currently 107.69%.
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A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of National Instruments Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub cut shares of National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Sunday, August 6th. Stifel Nicolaus reissued a “buy” rating and set a $46.00 price objective on shares of National Instruments Corporation in a research note on Sunday, July 30th. Finally, Deutsche Bank AG assumed coverage on shares of National Instruments Corporation in a research note on Tuesday, May 16th. They set a “hold” rating and a $34.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.25.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC bought a new position in National Instruments Corporation during the second quarter valued at $423,984,000. Vanguard Group Inc. raised its position in National Instruments Corporation by 1.5% in the second quarter. Vanguard Group Inc. now owns 9,588,543 shares of the technology company’s stock valued at $385,651,000 after buying an additional 138,121 shares in the last quarter. BlackRock Inc. raised its position in 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 in the last quarter. Wellington Management Group LLP raised its position in National Instruments Corporation by 4.3% in the first quarter. Wellington Management Group LLP now owns 6,549,709 shares of the technology company’s stock valued at $213,258,000 after buying an additional 267,706 shares in the last quarter. Finally, Findlay Park Partners LLP raised its position in National Instruments Corporation by 0.9% in the first quarter. Findlay Park Partners LLP now owns 4,769,035 shares of the technology company’s stock valued at $155,280,000 after buying an additional 44,163 shares in the last quarter. Hedge funds and other 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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