National Instruments Corporation (NATI) Director Jeffrey L. Kodosky Sells 2,000 Shares of Stock
National Instruments Corporation (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments Corporation stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $40.08, for a total value of $80,160.00. Following the completion of the sale, the director now directly owns 382,771 shares in the company, valued at approximately $15,341,461.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of National Instruments Corporation (NATI) traded up 0.65% during trading on Wednesday, hitting $40.00. The stock had a trading volume of 58,538 shares. The firm has a 50-day moving average of $41.04 and a 200 day moving average of $36.09. The company has a market capitalization of $5.22 billion, a P/E ratio of 54.13 and a beta of 0.94. National Instruments Corporation has a 1-year low of $26.74 and a 1-year high of $43.74.
National Instruments Corporation (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.08. National Instruments Corporation had a net margin of 8.11% and a return on equity of 9.81%. The firm had revenue of $318.61 million for the quarter, compared to analyst estimates of $321.07 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities research analysts predict that National Instruments Corporation will post $0.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.84 annualized dividend and a dividend yield of 2.11%. National Instruments Corporation’s dividend payout ratio is currently 107.69%.
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Institutional investors have recently made changes to their positions in the stock. Dubuque Bank & Trust Co. bought a new position in shares of National Instruments Corporation during the first quarter valued at $163,000. Independent Portfolio Consultants Inc. raised its stake in National Instruments Corporation by 4.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 20,780 shares of the technology company’s stock worth $677,000 after buying an additional 980 shares in the last quarter. Acadian Asset Management LLC raised its stake in National Instruments Corporation by 1,847.0% in the first quarter. Acadian Asset Management LLC now owns 5,919 shares of the technology company’s stock worth $193,000 after buying an additional 5,615 shares in the last quarter. American Capital Management Inc. raised its stake in National Instruments Corporation by 8.7% in the first quarter. American Capital Management Inc. now owns 87,765 shares of the technology company’s stock worth $2,858,000 after buying an additional 7,015 shares in the last quarter. Finally, Simplex Trading LLC acquired a new stake in National Instruments Corporation during the first quarter worth $560,000. Hedge funds and other institutional investors own 78.90% of the company’s stock.
NATI has been the topic of several recent research reports. Stifel Nicolaus reissued a “buy” rating and issued a $46.00 price target on shares of National Instruments Corporation in a research note on Sunday, July 30th. Deutsche Bank AG initiated coverage on National Instruments Corporation in a research note on Tuesday, May 16th. They issued a “hold” rating and a $34.00 price target on the stock. BidaskClub downgraded National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Sunday, August 6th. Finally, Zacks Investment Research raised National Instruments Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, May 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. National Instruments Corporation currently has a consensus rating of “Hold” and an average price target of $40.25.
About National Instruments Corporation
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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