National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $40.08, for a total value of $300,600.00. Following the sale, the director now owns 9,023,916 shares in the company, valued at approximately $361,678,553.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

National Instruments Corporation (NATI) traded up 0.55% during mid-day trading on Tuesday, reaching $40.58. The company had a trading volume of 461,625 shares. National Instruments Corporation has a 52 week low of $26.74 and a 52 week high of $43.74. The stock has a 50 day moving average of $40.38 and a 200 day moving average of $37.12. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 54.91 and a beta of 0.94.

National Instruments Corporation (NASDAQ:NATI) last posted its earnings results on Thursday, July 27th. The technology company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.08. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The company had revenue of $318.61 million for the quarter, compared to the consensus estimate of $321.07 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts anticipate that National Instruments Corporation will post $0.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th were given a $0.21 dividend. The ex-dividend date was Thursday, August 10th. This represents a $0.84 dividend on an annualized basis and a yield of 2.07%. National Instruments Corporation’s dividend payout ratio is currently 107.69%.

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Large investors have recently bought and sold shares of the business. State Treasurer State of Michigan raised its position in National Instruments Corporation by 1.4% in the first quarter. State Treasurer State of Michigan now owns 43,175 shares of the technology company’s stock valued at $1,406,000 after purchasing an additional 600 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its position in National Instruments Corporation by 56.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 244,316 shares of the technology company’s stock valued at $7,955,000 after purchasing an additional 88,092 shares during the period. American Century Companies Inc. purchased a new stake in National Instruments Corporation in the second quarter valued at $43,967,000. Baillie Gifford & Co. raised its position in National Instruments Corporation by 1.3% in the first quarter. Baillie Gifford & Co. now owns 679,221 shares of the technology company’s stock valued at $22,116,000 after purchasing an additional 8,673 shares during the period. Finally, Bares Capital Management Inc. grew its stake in shares of National Instruments Corporation by 15.1% in the first quarter. Bares Capital Management Inc. now owns 3,766,942 shares of the technology company’s stock valued at $122,652,000 after buying an additional 493,095 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Several analysts recently weighed in on NATI shares. Deutsche Bank AG started coverage on National Instruments Corporation in a report on Tuesday, May 16th. They set a “hold” rating and a $34.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and set a $46.00 price target on shares of National Instruments Corporation in a report on Sunday, July 30th. BidaskClub lowered National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded National Instruments Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. National Instruments Corporation has an average rating of “Hold” and a consensus target price 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.

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

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