Insider Selling: National Instruments Corp (NATI) Director Sells 1,600 Shares of Stock

National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 1,600 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $46.51, for a total value of $74,416.00. Following the sale, the director now directly owns 371,371 shares in the company, valued at approximately $17,272,465.21. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of National Instruments Corp (NASDAQ:NATI) traded up $1.32 during midday trading on Wednesday, reaching $48.81. The company’s stock had a trading volume of 436,073 shares, compared to its average volume of 582,654. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.64. The company has a market cap of $6,122.79, a PE ratio of 118.73 and a beta of 1.03. National Instruments Corp has a 1-year low of $31.39 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 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. National Instruments had a return on equity of 10.76% and a net margin of 4.06%. The firm had revenue of $349.80 million during the quarter, compared to analyst estimates of $347.38 million. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. analysts forecast 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. Stockholders of record on Monday, February 12th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Friday, February 9th. This is a positive change from National Instruments’s previous quarterly dividend of $0.21. National Instruments’s dividend payout ratio is currently 230.01%.

Several institutional investors and hedge funds have recently modified their holdings of NATI. Zions Bancorporation purchased a new stake in shares of National Instruments during the 3rd quarter valued at $129,000. Westwood Holdings Group Inc. purchased a new stake in shares of National Instruments during the 2nd quarter valued at $139,000. JPMorgan Chase & Co. lifted its holdings in shares of National Instruments by 44.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock valued at $169,000 after purchasing an additional 1,241 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of National Instruments during the 3rd quarter valued at $204,000. Finally, Jane Street Group LLC purchased a new stake in shares of National Instruments during the 3rd quarter valued at $248,000. Hedge funds and other institutional investors own 77.95% of the company’s stock.

Several analysts have issued reports on NATI shares. Zacks Investment Research raised National Instruments from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Thursday, December 28th. BidaskClub cut National Instruments from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 16th. Stifel Nicolaus reaffirmed a “buy” rating and set a $46.00 target price on shares of National Instruments in a research report on Sunday, October 29th. Finally, Robert W. Baird reaffirmed 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. The stock currently has an average rating of “Buy” and a consensus price target of $46.67.

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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.

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

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