National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 1,600 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $44.77, for a total transaction of $71,632.00. Following the completion of the sale, the director now owns 8,262,537 shares in the company, valued at $369,913,781.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
National Instruments Corp (NASDAQ NATI) traded up $0.05 during midday trading on Thursday, reaching $46.12. The company had a trading volume of 489,021 shares, compared to its average volume of 494,242. National Instruments Corp has a twelve month low of $29.80 and a twelve month high of $46.45. The company has a current ratio of 3.22, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. The company has a market cap of $5,842.99, a PE ratio of 54.91 and a beta of 0.93.
National Instruments (NASDAQ:NATI) last posted its earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $319.78 million. During the same period in the prior year, the business earned $0.25 EPS. National Instruments’s revenue for the quarter was up 4.7% compared to the same quarter last year. analysts anticipate that National Instruments Corp will post 0.93 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. increased its stake in National Instruments by 2.7% during the 2nd quarter. Citigroup Inc. now owns 9,808 shares of the technology company’s stock worth $395,000 after purchasing an additional 256 shares in the last quarter. Prudential Financial Inc. increased its stake in National Instruments by 0.6% during the 2nd quarter. Prudential Financial Inc. now owns 66,238 shares of the technology company’s stock worth $2,664,000 after purchasing an additional 390 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in National Instruments by 1.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 31,801 shares of the technology company’s stock worth $1,279,000 after purchasing an additional 491 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of National Instruments by 0.8% during the 2nd quarter. Schroder Investment Management Group now owns 86,054 shares of the technology company’s stock worth $3,432,000 after acquiring an additional 702 shares in the last quarter. Finally, ETRADE Capital Management LLC grew its stake in shares of National Instruments by 6.8% during the 2nd quarter. ETRADE Capital Management LLC now owns 13,313 shares of the technology company’s stock worth $535,000 after acquiring an additional 842 shares in the last quarter. 78.04% of the stock is owned by institutional investors and hedge funds.
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About National Instruments
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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