National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $42.58, for a total value of $319,350.00. Following the completion of the transaction, the director now owns 374,271 shares in the company, valued at approximately $15,936,459.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

National Instruments Corporation (NASDAQ:NATI) traded down $0.38 during trading hours on Tuesday, hitting $42.58. The company had a trading volume of 294,900 shares, compared to its average volume of 562,068. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.53 and a current ratio of 3.22. National Instruments Corporation has a fifty-two week low of $29.80 and a fifty-two week high of $46.33. The firm has a market capitalization of $5,616.81, a PE ratio of 48.82 and a beta of 0.93.

National Instruments (NASDAQ:NATI) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. National Instruments had a return on equity of 10.16% and a net margin of 8.72%. The business had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $319.78 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. equities research analysts expect that National Instruments Corporation will post 0.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, November 10th. National Instruments’s dividend payout ratio (DPR) is 100.00%.

Several large investors have recently added to or reduced their stakes in NATI. Bank of Montreal Can raised its stake in National Instruments by 16.0% during the second quarter. Bank of Montreal Can now owns 11,888 shares of the technology company’s stock valued at $478,000 after buying an additional 1,636 shares in the last quarter. Russell Investments Group Ltd. raised its stake in National Instruments by 10.9% during the second quarter. Russell Investments Group Ltd. now owns 73,980 shares of the technology company’s stock valued at $2,976,000 after buying an additional 7,261 shares in the last quarter. Acadian Asset Management LLC raised its stake in National Instruments by 29.8% during the second quarter. Acadian Asset Management LLC now owns 7,683 shares of the technology company’s stock valued at $309,000 after buying an additional 1,764 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in National Instruments by 0.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 23,879 shares of the technology company’s stock valued at $960,000 after buying an additional 69 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in National Instruments by 0.8% during the second quarter. Great West Life Assurance Co. Can now owns 64,208 shares of the technology company’s stock valued at $2,580,000 after buying an additional 522 shares in the last quarter. Institutional investors and hedge funds own 78.05% of the company’s stock.

Several research firms recently commented on NATI. Stifel Nicolaus reiterated a “buy” rating and issued a $46.00 price target on shares of National Instruments in a research note on Sunday, October 29th. Zacks Investment Research cut National Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. One equities 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 company. The company currently has an average rating of “Hold” and an average target price of $40.25.

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National Instruments 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 (NASDAQ:NATI)

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