National Instruments Corporation (NATI) Director James J. Truchard Sells 7,500 Shares of Stock
National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $42.52, for a total transaction of $318,900.00. Following the transaction, the director now directly owns 8,307,537 shares in the company, valued at $353,236,473.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of National Instruments Corporation (NASDAQ NATI) traded up $0.06 during trading on Friday, reaching $42.96. 486,573 shares of the company’s stock were exchanged, compared to its average volume of 563,196. The firm has a market capitalization of $5,561.89, a P/E ratio of 48.34 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 Corporation has a 12-month low of $29.80 and a 12-month high of $46.33.
National Instruments (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $320.90 million for the quarter, compared to the consensus estimate of $319.78 million. National Instruments 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 period in the prior year, the company posted $0.25 earnings per share. research analysts forecast that National Instruments Corporation will post 0.93 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP grew its stake in National Instruments by 148.9% during the third quarter. GSA Capital Partners LLP now owns 21,227 shares of the technology company’s stock worth $895,000 after buying an additional 12,700 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of National Instruments by 12.8% in the 3rd quarter. California Public Employees Retirement System now owns 232,787 shares of the technology company’s stock valued at $9,817,000 after purchasing an additional 26,387 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of National Instruments in the 3rd quarter valued at approximately $300,000. Zions Bancorporation acquired a new stake in shares of National Instruments in the 3rd quarter valued at approximately $129,000. Finally, Janus Henderson Group PLC boosted its stake in shares of National Instruments by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 10,804,219 shares of the technology company’s stock valued at $455,616,000 after purchasing an additional 262,578 shares in the last quarter. Hedge funds and other institutional investors own 78.05% of the company’s stock.
NATI has been the topic of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating on shares of National Instruments in a research note on Tuesday, September 26th. Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.25.
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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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