National Instruments Corporation (NATI) Director Sells $333,225.00 in Stock
National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $44.43, for a total transaction of $333,225.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
National Instruments Corporation (NASDAQ NATI) opened at 43.66 on Friday. National Instruments Corporation has a 52-week low of $27.08 and a 52-week high of $45.30. The firm has a market capitalization of $5.70 billion, a P/E ratio of 59.08 and a beta of 0.96. The firm’s 50-day moving average is $41.95 and its 200-day moving average is $39.08.
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, 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 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 firm posted $0.23 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities analysts expect that National Instruments Corporation will post $0.92 earnings per share for the current year.
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Several hedge funds have recently made changes to their positions in NATI. Janus Henderson Group PLC acquired a new stake in shares of National Instruments Corporation during the second quarter valued at about $423,984,000. BlackRock Inc. boosted its stake in shares of National Instruments Corporation by 7,809.7% during the first quarter. BlackRock Inc. now owns 9,143,655 shares of the technology company’s stock valued at $297,718,000 after purchasing an additional 9,028,054 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of National Instruments Corporation during the second quarter valued at about $115,152,000. American Century Companies Inc. acquired a new stake in shares of National Instruments Corporation during the second quarter valued at about $43,967,000. Finally, Wells Fargo & Company MN boosted its stake in shares of National Instruments Corporation by 1,587.5% during the second quarter. Wells Fargo & Company MN now owns 948,054 shares of the technology company’s stock valued at $38,130,000 after purchasing an additional 891,874 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on NATI shares. Zacks Investment Research upgraded shares of National Instruments Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Tuesday, August 1st. BidaskClub downgraded shares of National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Stifel Nicolaus restated a “buy” rating and set a $46.00 target price on shares of National Instruments Corporation in a research report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. National Instruments Corporation has a consensus rating of “Hold” and a consensus price target of $40.25.
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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