9,488 Shares in National Instruments Corporation (NATI) Acquired by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. acquired a new position in shares of National Instruments Corporation (NASDAQ:NATI) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 9,488 shares of the technology company’s stock, valued at approximately $400,000.
Several other institutional investors also recently modified their holdings of NATI. Janus Henderson Group PLC acquired a new position in shares of National Instruments Corporation during the 2nd quarter worth approximately $423,984,000. William Blair Investment Management LLC acquired a new position in shares of National Instruments Corporation during the 2nd quarter worth approximately $115,152,000. American Century Companies Inc. acquired a new position in shares of National Instruments Corporation during the 2nd quarter worth approximately $43,967,000. Wells Fargo & Company MN raised its position in shares of National Instruments Corporation by 1,587.5% during the 2nd quarter. Wells Fargo & Company MN now owns 948,054 shares of the technology company’s stock worth $38,130,000 after purchasing an additional 891,874 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in National Instruments Corporation by 87.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,056,992 shares of the technology company’s stock valued at $42,512,000 after acquiring an additional 493,245 shares during the last quarter. Hedge funds and other institutional investors own 77.47% of the company’s stock.
Shares of National Instruments Corporation (NASDAQ:NATI) opened at $44.39 on Friday. National Instruments Corporation has a 12 month low of $29.44 and a 12 month high of $46.33. The stock has a market cap of $5,803.77, a price-to-earnings ratio of 50.44 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 (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, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. National Instruments Corporation had a net margin of 8.72% and a return on equity of 10.16%. The company had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $319.78 million. During the same period in the previous year, the company earned $0.25 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. 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 will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, November 10th. This represents a $0.84 annualized dividend and a dividend yield of 1.89%. National Instruments Corporation’s dividend payout ratio is presently 100.00%.
In related news, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $39.65, for a total transaction of $79,300.00. Following the completion of the sale, the director now directly owns 381,271 shares of the company’s stock, valued at approximately $15,117,395.15. The sale was disclosed in a 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 on Monday, September 18th. The stock was sold at an average price of $40.88, for a total transaction of $306,600.00. Following the sale, the director now directly owns 9,016,416 shares of the company’s stock, valued at $368,591,086.08. The disclosure for this sale can be found here. Insiders have sold a total of 1,055,651 shares of company stock valued at $46,030,024 over the last three months. Corporate insiders own 9.92% of the company’s stock.
NATI has been the subject of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $46.00 price target on shares of National Instruments Corporation in a report on Sunday, July 30th. BidaskClub downgraded National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded National Instruments Corporation from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. National Instruments Corporation presently has an average rating of “Hold” and an average target price of $40.25.
National Instruments Corporation 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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