National Instruments Corporation (NATI) is Riverbridge Partners LLC’s 5th Largest Position
Riverbridge Partners LLC cut its holdings in National Instruments Corporation (NASDAQ:NATI) by 37.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,498,799 shares of the technology company’s stock after selling 2,067,278 shares during the quarter. National Instruments Corporation accounts for 2.9% of Riverbridge Partners LLC’s investment portfolio, making the stock its 5th largest holding. Riverbridge Partners LLC owned about 2.68% of National Instruments Corporation worth $147,544,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Palisade Capital Management LLC NJ increased its holdings in shares of National Instruments Corporation by 1.9% during the third quarter. Palisade Capital Management LLC NJ now owns 168,770 shares of the technology company’s stock valued at $7,117,000 after acquiring an additional 3,128 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in National Instruments Corporation by 4.6% during the 3rd quarter. Baillie Gifford & Co. now owns 799,712 shares of the technology company’s stock worth $33,723,000 after purchasing an additional 35,122 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in National Instruments Corporation during the 3rd quarter worth about $2,314,000. Crossmark Global Holdings Inc. purchased a new stake in National Instruments Corporation during the 3rd quarter worth about $400,000. Finally, Aperio Group LLC lifted its holdings in National Instruments Corporation by 5.3% during the 3rd quarter. Aperio Group LLC now owns 74,679 shares of the technology company’s stock worth $3,149,000 after purchasing an additional 3,757 shares in the last quarter. Hedge funds and other institutional investors own 80.48% of the company’s stock.
National Instruments Corporation (NASDAQ NATI) traded up $0.95 during trading on Monday, hitting $45.65. The company’s stock had a trading volume of 146,078 shares, compared to its average volume of 732,861. The company has a market cap of $5,844.30, a price-to-earnings ratio of 50.79 and a beta of 0.94. The company has a current ratio of 3.22, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. National Instruments Corporation has a twelve month low of $27.08 and a twelve month high of $46.33.
National Instruments Corporation (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $320.90 million for the quarter, compared to analyst estimates of $319.78 million. National Instruments Corporation had a net margin of 8.72% and a return on equity of 10.16%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. research analysts expect that National Instruments Corporation will post 0.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 13th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.84%. The ex-dividend date is Friday, November 10th. National Instruments Corporation’s dividend payout ratio (DPR) is presently 100.00%.
In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s 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 sale, the director now owns 382,771 shares of the company’s stock, valued at approximately $15,341,461.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $40.08, for a total transaction of $300,600.00. Following the completion of the sale, the director now directly owns 9,023,916 shares in the company, valued at approximately $361,678,553.28. The disclosure for this sale can be found here. Insiders sold a total of 1,047,662 shares of company stock worth $45,653,308 in the last three months. Insiders own 9.92% of the company’s stock.
NATI has been the topic of several recent research reports. Zacks Investment Research lowered National Instruments Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $46.00 price objective on shares of National Instruments Corporation in a research report on Sunday, July 30th. Finally, BidaskClub lowered National Instruments Corporation from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. One 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. The stock has an average rating of “Hold” and an average target price of $40.25.
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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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