National Instruments Corporation (NATI) Shares Sold by Profund Advisors LLC
Profund Advisors LLC lowered its stake in National Instruments Corporation (NASDAQ:NATI) by 31.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,325 shares of the technology company’s stock after selling 5,280 shares during the quarter. Profund Advisors LLC’s holdings in National Instruments Corporation were worth $455,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in shares of National Instruments Corporation by 0.9% during the 1st quarter. Fifth Third Bancorp now owns 3,722 shares of the technology company’s stock valued at $121,000 after acquiring an additional 32 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in National Instruments Corporation by 6.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock worth $163,000 after purchasing an additional 241 shares during the period. Quantbot Technologies LP acquired a new stake in National Instruments Corporation in the first quarter worth $150,000. JPMorgan Chase & Co. grew its holdings in National Instruments Corporation by 21.5% in the first quarter. JPMorgan Chase & Co. now owns 4,845 shares of the technology company’s stock worth $158,000 after purchasing an additional 858 shares during the period. Finally, Nwam LLC acquired a new stake in National Instruments Corporation in the second quarter worth $215,000. Institutional investors own 80.38% of the company’s stock.
Shares of National Instruments Corporation (NATI) opened at 42.17 on Monday. National Instruments Corporation has a 52 week low of $27.08 and a 52 week high of $43.74. The firm has a 50-day moving average price of $40.07 and a 200-day moving average price of $37.48. The firm has a market cap of $5.50 billion, a PE ratio of 57.06 and a beta of 0.96.
National Instruments Corporation (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share (EPS) 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 company had revenue of $318.61 million for the quarter, compared to analysts’ expectations of $321.07 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. National Instruments Corporation’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts predict that National Instruments Corporation will post $0.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th were issued a $0.21 dividend. The ex-dividend date was Thursday, August 10th. This represents a $0.84 annualized dividend and a yield of 1.99%. National Instruments Corporation’s dividend payout ratio (DPR) is presently 107.69%.
In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $42.94, for a total value of $85,880.00. Following the completion of the transaction, the director now owns 384,271 shares of the company’s stock, valued at approximately $16,500,596.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James J. Truchard sold 7,500 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $40.08, for a total value of $300,600.00. Following the completion of the transaction, the director now directly owns 9,023,916 shares of the company’s stock, valued at approximately $361,678,553.28. The disclosure for this sale can be found here. Insiders sold 70,000 shares of company stock valued at $2,848,545 over the last 90 days. 9.92% of the stock is currently owned by company insiders.
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NATI has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating on shares of National Instruments Corporation in a report on Tuesday, September 26th. Finally, BidaskClub cut shares of National Instruments Corporation from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $40.25.
National Instruments Corporation 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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