Mutual of America Capital Management LLC Has $2,251,000 Position in National Instruments Corp. (NATI)
Mutual of America Capital Management LLC increased its stake in shares of National Instruments Corp. (NASDAQ:NATI) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,268 shares of the company’s stock after buying an additional 4,762 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of National Instruments Corp. worth $2,251,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of NATI. Janus Capital Management LLC raised its position in National Instruments Corp. by 15.2% in the second quarter. Janus Capital Management LLC now owns 7,691,691 shares of the company’s stock valued at $210,752,000 after buying an additional 1,016,889 shares during the period. Riverbridge Partners LLC raised its position in National Instruments Corp. by 15.3% in the third quarter. Riverbridge Partners LLC now owns 5,577,134 shares of the company’s stock valued at $158,391,000 after buying an additional 738,941 shares during the period. Baillie Gifford & Co. raised its position in National Instruments Corp. by 159.4% in the second quarter. Baillie Gifford & Co. now owns 522,644 shares of the company’s stock valued at $14,320,000 after buying an additional 321,174 shares during the period. Vanguard Group Inc. raised its position in National Instruments Corp. by 3.0% in the second quarter. Vanguard Group Inc. now owns 8,371,048 shares of the company’s stock valued at $229,367,000 after buying an additional 240,468 shares during the period. Finally, Front Street Capital Management Inc. bought a new position in National Instruments Corp. during the second quarter valued at about $5,944,000. Institutional investors own 74.73% of the company’s stock.
Shares of National Instruments Corp. (NASDAQ:NATI) traded down 0.71% during midday trading on Monday, reaching $30.15. The company’s stock had a trading volume of 600,696 shares. National Instruments Corp. has a 12-month low of $25.90 and a 12-month high of $31.71. The company has a market cap of $3.89 billion, a P/E ratio of 45.00 and a beta of 0.89. The stock’s 50-day moving average price is $28.49 and its 200-day moving average price is $28.12.
National Instruments Corp. (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.07. National Instruments Corp. had a return on equity of 9.79% and a net margin of 6.95%. The business had revenue of $306.36 million for the quarter, compared to analyst estimates of $304.91 million. During the same quarter in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts expect that National Instruments Corp. will post $0.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Monday, November 14th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, November 9th. National Instruments Corp.’s dividend payout ratio (DPR) is presently 121.21%.
Separately, Zacks Investment Research upgraded National Instruments Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. National Instruments Corp. has an average rating of “Buy” and an average price target of $32.00.
In other news, insider Eric Howard Starkloff sold 1,709 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $28.09, for a total value of $48,005.81. Following the transaction, the insider now owns 14,149 shares of the company’s stock, valued at approximately $397,445.41. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott Arthur Rust sold 17,454 shares of the company’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $27.80, for a total value of $485,221.20. Following the completion of the transaction, the insider now directly owns 32,808 shares in the company, valued at approximately $912,062.40. The disclosure for this sale can be found here. 10.98% of the stock is owned by insiders.
National Instruments Corp. Company Profile
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering, which provides an integrated software and hardware platform for measurement and control systems. Its products include reusable hardware and software modules.
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