National Instruments Corporation (NATI) Director Sells $84,720.00 in Stock
National Instruments Corporation (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $42.36, for a total value of $84,720.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
National Instruments Corporation (NASDAQ:NATI) traded up 0.21% during midday trading on Wednesday, hitting $43.00. The stock had a trading volume of 214,906 shares. National Instruments Corporation has a 1-year low of $27.08 and a 1-year high of $43.74. The company has a 50-day moving average of $40.41 and a 200-day moving average of $38.16. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 58.19 and a beta of 0.96.
National Instruments Corporation (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. The company had revenue of $318.61 million for the quarter, compared to analyst estimates of $321.07 million. National Instruments Corporation had a net margin of 8.11% and a return on equity of 9.81%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. Equities research analysts forecast that National Instruments Corporation will post $0.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 14th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.96%. The ex-dividend date was Thursday, August 10th. National Instruments Corporation’s payout ratio is 107.69%.
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Several hedge funds and other institutional investors have recently bought and sold shares of the business. USA Financial Portformulas Corp bought a new stake in shares of National Instruments Corporation during the second quarter worth $1,127,000. WINTON GROUP Ltd increased its holdings in shares of National Instruments Corporation by 64.3% during the second quarter. WINTON GROUP Ltd now owns 183,140 shares of the technology company’s stock worth $7,366,000 after buying an additional 71,654 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of National Instruments Corporation by 68.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 193,284 shares of the technology company’s stock valued at $7,774,000 after acquiring an additional 78,810 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of National Instruments Corporation in the 2nd quarter valued at $1,146,000. Finally, Westwood Holdings Group Inc. bought a new position in shares of National Instruments Corporation in the 2nd quarter valued at $139,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on NATI shares. Stifel Nicolaus restated a “buy” rating and issued a $46.00 target price on shares of National Instruments Corporation in a research note on Sunday, July 30th. BidaskClub cut National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of National Instruments Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.25.
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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