Jeffrey L. Kodosky Sells 300 Shares of National Instruments Corp (NATI) Stock

National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 300 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $49.15, for a total value of $14,745.00. Following the completion of the sale, the director now directly owns 371,671 shares of the company’s stock, valued at $18,267,629.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of National Instruments Corp (NASDAQ:NATI) traded down $1.61 during trading hours on Monday, hitting $48.51. The company had a trading volume of 1,112,490 shares, compared to its average volume of 569,070. The company has a quick ratio of 2.64, a current ratio of 3.32 and a debt-to-equity ratio of 0.01. The firm has a market cap of $6,552.94, a P/E ratio of 121.28 and a beta of 1.03. National Instruments Corp has a 1 year low of $30.89 and a 1 year high of $50.61.

National Instruments (NASDAQ:NATI) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $349.80 million during the quarter, compared to the consensus estimate of $347.38 million. National Instruments had a return on equity of 10.76% and a net margin of 4.06%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. sell-side analysts expect that National Instruments Corp will post 1.19 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 12th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.90%. This is an increase from National Instruments’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, February 9th. National Instruments’s dividend payout ratio (DPR) is presently 210.01%.

NATI has been the subject of a number of recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $46.00 target price on shares of National Instruments in a research note on Sunday, October 29th. BidaskClub downgraded National Instruments from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 16th. Zacks Investment Research raised National Instruments from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Thursday, December 28th. Finally, Robert W. Baird reissued a “buy” rating on shares of National Instruments in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $46.67.

Several large investors have recently modified their holdings of NATI. American Century Companies Inc. increased its position in shares of National Instruments by 37.7% during the 4th quarter. American Century Companies Inc. now owns 2,137,187 shares of the technology company’s stock worth $88,971,000 after purchasing an additional 584,819 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of National Instruments by 87.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,056,992 shares of the technology company’s stock worth $42,512,000 after purchasing an additional 493,245 shares during the last quarter. First Trust Advisors LP grew its position in National Instruments by 480.0% in the 3rd quarter. First Trust Advisors LP now owns 513,720 shares of the technology company’s stock valued at $21,664,000 after acquiring an additional 425,154 shares in the last quarter. Janus Henderson Group PLC grew its position in National Instruments by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 10,804,219 shares of the technology company’s stock valued at $455,616,000 after acquiring an additional 262,578 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in National Instruments by 160.1% in the 4th quarter. APG Asset Management N.V. now owns 424,500 shares of the technology company’s stock valued at $14,717,000 after acquiring an additional 261,300 shares in the last quarter. 77.85% of the stock is owned by hedge funds and other institutional investors.

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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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