Baillie Gifford & Co. Increases Position in National Instruments Corporation (NATI)
Baillie Gifford & Co. raised its position in National Instruments Corporation (NASDAQ:NATI) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 679,221 shares of the technology company’s stock after buying an additional 8,673 shares during the period. Baillie Gifford & Co. owned 0.52% of National Instruments Corporation worth $22,116,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Janus Capital Management LLC boosted its position in National Instruments Corporation by 11.6% in the fourth quarter. Janus Capital Management LLC now owns 10,923,681 shares of the technology company’s stock worth $336,668,000 after buying an additional 1,133,489 shares in the last quarter. Jennison Associates LLC purchased a new position in National Instruments Corporation during the first quarter worth approximately $28,024,000. Norges Bank purchased a new position in National Instruments Corporation during the fourth quarter worth approximately $25,541,000. FMR LLC boosted its position in shares of National Instruments Corporation by 1,281.9% in the fourth quarter. FMR LLC now owns 576,254 shares of the technology company’s stock worth $17,760,000 after buying an additional 534,554 shares during the period. Finally, ShearLink Capital LLC bought a new position in shares of National Instruments Corporation during the first quarter worth about $15,634,000. Institutional investors own 77.22% of the company’s stock.
National Instruments Corporation (NATI) opened at 39.33 on Thursday. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 55.47 and a beta of 0.94. The stock’s 50 day moving average is $37.48 and its 200 day moving average is $33.26. National Instruments Corporation has a 12-month low of $25.90 and a 12-month high of $40.58.
National Instruments Corporation (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, April 27th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. National Instruments Corporation had a net margin of 7.76% and a return on equity of 9.85%. The company had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $300.30 million. During the same period in the previous year, the company posted $0.16 EPS. National Instruments Corporation’s revenue was up 4.5% compared to the same quarter last year. Equities analysts predict that National Instruments Corporation will post $0.91 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 5th. Stockholders of record on Monday, May 15th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.14%. National Instruments Corporation’s dividend payout ratio (DPR) is presently 113.51%.
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A number of research analysts have recently issued reports on NATI shares. Zacks Investment Research raised National Instruments Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Deutsche Bank AG assumed coverage on shares of National Instruments Corporation in a report on Tuesday, May 16th. They set a “hold” rating and a $34.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $35.75.
In related news, Director James J. Truchard sold 40,000 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $35.07, for a total value of $1,402,800.00. Following the sale, the director now directly owns 9,158,916 shares of the company’s stock, valued at approximately $321,203,184.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James J. Truchard sold 7,500 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $39.58, for a total transaction of $296,850.00. Following the completion of the sale, the director now directly owns 9,113,916 shares in the company, valued at $360,728,795.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,354 shares of company stock worth $4,769,834. Corporate insiders own 9.92% of the company’s stock.
National Instruments Corporation Company Profile
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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