National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 1,600 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $48.50, for a total value of $77,600.00. Following the transaction, the director now owns 364,545 shares of the company’s stock, valued at $17,680,432.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
National Instruments stock traded up $0.24 during mid-day trading on Wednesday, hitting $48.59. 317,400 shares of the company were exchanged, compared to its average volume of 581,689. National Instruments Corp has a 1-year low of $38.78 and a 1-year high of $53.57. The firm has a market capitalization of $6.37 billion, a P/E ratio of 51.34 and a beta of 1.06.
National Instruments (NASDAQ:NATI) last released its quarterly earnings data on Thursday, July 26th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. National Instruments had a return on equity of 12.55% and a net margin of 4.87%. The firm had revenue of $341.00 million during the quarter, compared to analyst estimates of $333.40 million. During the same period in the prior year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. sell-side analysts forecast that National Instruments Corp will post 1.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Monday, August 13th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.89%. National Instruments’s dividend payout ratio (DPR) is presently 97.87%.
Several large investors have recently made changes to their positions in the company. Janus Henderson Group PLC increased its stake in shares of National Instruments by 1.9% in the second quarter. Janus Henderson Group PLC now owns 11,486,408 shares of the technology company’s stock valued at $482,199,000 after buying an additional 210,830 shares in the last quarter. BlackRock Inc. increased its stake in shares of National Instruments by 3.7% in the second quarter. BlackRock Inc. now owns 9,363,243 shares of the technology company’s stock valued at $393,067,000 after buying an additional 335,811 shares in the last quarter. Hermes Investment Management Ltd. increased its stake in shares of National Instruments by 1.2% in the second quarter. Hermes Investment Management Ltd. now owns 1,230,525 shares of the technology company’s stock valued at $51,657,000 after buying an additional 15,088 shares in the last quarter. Hound Partners LLC acquired a new stake in shares of National Instruments in the first quarter valued at $53,674,000. Finally, Baillie Gifford & Co. increased its stake in shares of National Instruments by 4.6% in the second quarter. Baillie Gifford & Co. now owns 765,240 shares of the technology company’s stock valued at $32,124,000 after buying an additional 33,631 shares in the last quarter. Institutional investors own 77.15% of the company’s stock.
Several research firms have issued reports on NATI. BidaskClub upgraded National Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, August 30th. Zacks Investment Research lowered National Instruments from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Robert W. Baird dropped their price objective on National Instruments from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, July 30th. ValuEngine upgraded National Instruments from a “hold” rating to a “buy” rating in a research note on Monday, July 30th. Finally, TheStreet upgraded National Instruments from a “c+” rating to a “b” rating in a research note on Friday, July 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $48.33.
National Instruments Company Profile
National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.
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