National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $43.98, for a total value of $329,850.00. Following the sale, the director now owns 8,807,666 shares in the company, valued at $387,361,150.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

National Instruments Corporation (NASDAQ NATI) traded up 0.285% on Tuesday, hitting $44.025. 355,837 shares of the company traded hands. The firm’s 50 day moving average price is $42.16 and its 200 day moving average price is $39.35. National Instruments Corporation has a 1-year low of $27.08 and a 1-year high of $45.30. The firm has a market capitalization of $5.74 billion, a PE ratio of 59.574 and a beta of 0.96.

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, topping the Zacks’ consensus estimate of $0.19 by $0.08. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The company had revenue of $318.61 million for the quarter, compared to analysts’ expectations of $321.07 million. During the same period in the previous year, the firm earned $0.23 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. Equities research analysts predict that National Instruments Corporation will post $0.92 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its stake in National Instruments Corporation by 0.9% in the 1st quarter. Fifth Third Bancorp now owns 3,722 shares of the technology company’s stock worth $121,000 after acquiring an additional 32 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in National Instruments Corporation by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 23,879 shares of the technology company’s stock worth $960,000 after acquiring an additional 69 shares during the last quarter. Capstone Asset Management Co. increased its stake in National Instruments Corporation by 1.0% in the 2nd quarter. Capstone Asset Management Co. now owns 8,478 shares of the technology company’s stock worth $341,000 after acquiring an additional 80 shares during the last quarter. Teacher Retirement System of Texas increased its stake in National Instruments Corporation by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 9,331 shares of the technology company’s stock worth $375,000 after acquiring an additional 169 shares during the last quarter. Finally, World Asset Management Inc increased its stake in National Instruments Corporation by 3.3% in the 2nd quarter. World Asset Management Inc now owns 7,485 shares of the technology company’s stock worth $301,000 after acquiring an additional 237 shares during the last quarter. 80.35% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on NATI shares. Stifel Nicolaus restated a “buy” rating and issued a $46.00 price objective on shares of National Instruments Corporation in a research report on Sunday, July 30th. Zacks Investment Research cut shares of National Instruments Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, BidaskClub cut shares of National Instruments Corporation from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $40.25.

National Instruments Corporation Company Profile

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.

Insider Buying and Selling by Quarter for National Instruments Corporation (NASDAQ:NATI)

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