National Instruments Corporation (NATI) Director James J. Truchard Sells 7,500 Shares
National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $43.64, for a total value of $327,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
National Instruments Corporation (NASDAQ NATI) traded up 1.21% during midday trading on Tuesday, hitting $44.24. The stock had a trading volume of 468,798 shares. National Instruments Corporation has a 1-year low of $27.08 and a 1-year high of $44.25. The company has a 50-day moving average of $40.85 and a 200-day moving average of $38.48. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 59.86 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, topping the consensus estimate of $0.19 by $0.08. The company had revenue of $318.61 million during the quarter, compared to the consensus estimate of $321.07 million. National Instruments Corporation had a net margin of 8.11% and a return on equity of 9.81%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. Equities research analysts forecast that National Instruments Corporation will post $0.92 EPS for the current year.
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Several equities research analysts have recently commented on NATI shares. Stifel Nicolaus reissued 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 research note on Monday, July 31st. Finally, Zacks Investment Research raised National Instruments Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. National Instruments Corporation presently has an average rating of “Hold” and a consensus price target of $40.25.
Large investors have recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in shares of National Instruments Corporation by 0.9% during the first quarter. Fifth Third Bancorp now owns 3,722 shares of the technology company’s stock worth $121,000 after buying an additional 32 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of National Instruments Corporation during the second quarter worth $139,000. Quantbot Technologies LP acquired a new position in shares of National Instruments Corporation during the first quarter worth $150,000. JPMorgan Chase & Co. increased its holdings in shares of National Instruments Corporation by 21.5% during the first quarter. JPMorgan Chase & Co. now owns 4,845 shares of the technology company’s stock worth $158,000 after buying an additional 858 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of National Instruments Corporation by 6.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock worth $163,000 after buying an additional 241 shares in the last quarter. Institutional investors own 80.38% 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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