Insider Selling: National Instruments Corp (NATI) Director Sells 7,500 Shares of Stock
National Instruments Corp (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $44.43, for a total value of $333,225.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
National Instruments Corp (NATI) traded down 0.52% during midday trading on Tuesday, hitting $44.21. The company had a trading volume of 669,049 shares. National Instruments Corp has a 12-month low of $27.08 and a 12-month high of $45.30. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 59.82 and a beta of 0.96. The company’s 50 day moving average is $41.50 and its 200 day moving average is $38.84.
National Instruments Corp (NASDAQ:NATI) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. The firm had revenue of $318.61 million for the quarter, compared to analyst estimates of $321.07 million. National Instruments Corp had a net margin of 7.90% and a return on equity of 8.95%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, equities analysts anticipate that National Instruments Corp will post $0.92 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut National Instruments Corp from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Stifel Nicolaus restated a “buy” rating on shares of National Instruments Corp in a report on Tuesday, September 26th. Finally, BidaskClub cut National Instruments Corp from a “buy” rating to a “hold” rating in a report on Sunday, August 6th. One 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 has an average rating of “Hold” and a consensus price target of $40.25.
A number of institutional investors have recently bought and sold shares of NATI. UBS Asset Management Americas Inc. grew its position in National Instruments Corp by 23.8% in the first quarter. UBS Asset Management Americas Inc. now owns 78,306 shares of the technology company’s stock worth $2,550,000 after buying an additional 15,043 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in National Instruments Corp by 20.6% in the first quarter. Parametric Portfolio Associates LLC now owns 134,417 shares of the technology company’s stock worth $4,377,000 after buying an additional 22,989 shares during the last quarter. Oxford Asset Management acquired a new position in National Instruments Corp in the first quarter worth approximately $287,000. JPMorgan Chase & Co. grew its position in National Instruments Corp by 21.5% in the first quarter. JPMorgan Chase & Co. now owns 4,845 shares of the technology company’s stock worth $158,000 after buying an additional 858 shares during the last quarter. Finally, Credit Agricole S A grew its position in National Instruments Corp by 462.0% in the first quarter. Credit Agricole S A now owns 23,738 shares of the technology company’s stock worth $773,000 after buying an additional 19,514 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.
National Instruments Corp 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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