National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $42.58, for a total value of $319,350.00. Following the sale, the director now owns 374,271 shares of the company’s stock, valued at $15,936,459.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of National Instruments Corporation (NASDAQ:NATI) opened at $41.53 on Friday. The company has a quick ratio of 2.53, a current ratio of 3.22 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $5,484.75, a price-to-earnings ratio of 47.67 and a beta of 0.93. National Instruments Corporation has a twelve month low of $29.80 and a twelve month high of $46.33.

National Instruments (NASDAQ:NATI) last issued its 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 company 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 earned $0.25 EPS. equities research analysts anticipate that National Instruments Corporation will post 0.93 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 13th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Friday, November 10th. National Instruments’s payout ratio is currently 100.00%.

Several analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $46.00 price target on shares of National Instruments in a research report on Sunday, October 29th. Zacks Investment Research cut National Instruments from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. One 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 presently has a consensus rating of “Hold” and an average target price of $40.25.

A number of large investors have recently modified their holdings of NATI. Zions Bancorporation purchased a new stake in National Instruments in the 3rd quarter valued at $129,000. Westwood Holdings Group Inc. purchased a new stake in National Instruments in the 2nd quarter valued at $139,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in National Instruments by 6.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock valued at $163,000 after buying an additional 241 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in National Instruments by 44.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock valued at $169,000 after buying an additional 1,241 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in National Instruments in the 3rd quarter valued at $204,000. Institutional investors own 78.05% of the company’s stock.

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National Instruments 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.

Insider Buying and Selling by Quarter for National Instruments (NASDAQ:NATI)

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