TD Asset Management Inc. Increases Holdings in National Instruments Corporation (NATI)
TD Asset Management Inc. boosted its position in National Instruments Corporation (NASDAQ:NATI) by 47.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 127,657 shares of the technology company’s stock after purchasing an additional 41,100 shares during the period. TD Asset Management Inc. owned about 0.10% of National Instruments worth $5,383,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Westwood Holdings Group Inc. bought a new position in shares of National Instruments during the 2nd quarter valued at approximately $139,000. JPMorgan Chase & Co. boosted its holdings in National Instruments by 21.5% during the 1st quarter. JPMorgan Chase & Co. now owns 4,845 shares of the technology company’s stock valued at $158,000 after acquiring an additional 858 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in National Instruments by 6.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock valued at $163,000 after acquiring an additional 241 shares during the period. Cullen Frost Bankers Inc. purchased a new position in National Instruments during the 2nd quarter valued at $218,000. Finally, Brookstone Capital Management purchased a new position in National Instruments during the 2nd quarter valued at $297,000. 78.05% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $42.36, for a total transaction of $84,720.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James J. Truchard sold 985,162 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.66, for a total value of $43,012,172.92. Following the transaction, the director now directly owns 8,345,037 shares in the company, valued at $364,344,315.42. The disclosure for this sale can be found here. Insiders have sold a total of 1,053,651 shares of company stock valued at $45,960,244 over the last 90 days. 9.92% of the stock is currently owned by company insiders.
Shares of National Instruments Corporation (NATI) opened at $42.48 on Wednesday. National Instruments Corporation has a 1-year low of $29.80 and a 1-year high of $46.33. The firm has a market capitalization of $5,552.74, a price-to-earnings ratio of 48.26 and a beta of 0.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.22 and a quick ratio of 2.53.
National Instruments (NASDAQ:NATI) last issued its quarterly earnings data on Thursday, October 26th. The technology company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $319.78 million. National Instruments had a return on equity of 10.16% and a net margin of 8.72%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. sell-side analysts predict that National Instruments Corporation will post 0.93 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Friday, November 10th. National Instruments’s dividend payout ratio (DPR) is currently 100.00%.
About National Instruments
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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