James J. Truchard Sells 7,500 Shares of National Instruments Corporation (NATI) Stock
National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $41.07, for a total transaction of $308,025.00. Following the completion of the transaction, the director now directly owns 8,845,166 shares of the company’s stock, valued at approximately $363,270,967.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of National Instruments Corporation (NATI) opened at 41.72 on Thursday. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 56.45 and a beta of 0.94. National Instruments Corporation has a one year low of $27.08 and a one year high of $43.74. The stock’s 50 day moving average is $40.07 and its 200-day moving average is $37.48.
National Instruments Corporation (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ 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 period last year, the business earned $0.23 EPS. National Instruments Corporation’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts predict that National Instruments Corporation will post $0.92 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 14th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, August 10th. This represents a $0.84 annualized dividend and a yield of 2.01%. National Instruments Corporation’s dividend payout ratio is currently 107.69%.
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A number of large investors have recently made changes to their positions in NATI. Russell Investments Group Ltd. raised its stake in National Instruments Corporation by 303.9% during the 1st quarter. Russell Investments Group Ltd. now owns 66,719 shares of the technology company’s stock worth $2,172,000 after acquiring an additional 50,200 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in National Instruments Corporation by 4.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 63,686 shares of the technology company’s stock worth $2,073,000 after acquiring an additional 2,716 shares in the last quarter. First Trust Advisors LP raised its stake in National Instruments Corporation by 257.6% during the 1st quarter. First Trust Advisors LP now owns 176,883 shares of the technology company’s stock worth $5,759,000 after acquiring an additional 127,417 shares in the last quarter. Bank of New York Mellon Corp raised its stake in National Instruments Corporation by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,569,318 shares of the technology company’s stock worth $51,096,000 after acquiring an additional 80,045 shares in the last quarter. Finally, Comerica Bank raised its stake in National Instruments Corporation by 4.7% during the 1st quarter. Comerica Bank now owns 82,098 shares of the technology company’s stock worth $2,857,000 after acquiring an additional 3,677 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.
A number of brokerages have recently issued reports on NATI. Zacks Investment Research downgraded National Instruments Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of National Instruments Corporation in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. National Instruments Corporation has a consensus 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.
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