Insider Selling: National Instruments Corporation (NATI) Director Sells $89,160.00 in Stock
National Instruments Corporation (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $44.58, for a total value of $89,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of National Instruments Corporation (NASDAQ:NATI) traded down $0.21 during midday trading on Friday, hitting $44.43. The stock had a trading volume of 701,378 shares, compared to its average volume of 643,650. National Instruments Corporation has a 52 week low of $29.44 and a 52 week high of $46.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.22 and a quick ratio of 2.53. The stock has a market capitalization of $5,780.00, a P/E ratio of 50.43 and a beta of 0.94.
National Instruments Corporation (NASDAQ:NATI) last issued its earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. National Instruments Corporation had a return on equity of 10.16% and a net margin of 8.72%. The company had revenue of $320.90 million during the quarter, compared to the consensus estimate of $319.78 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. sell-side analysts expect that National Instruments Corporation will post 0.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, November 10th. National Instruments Corporation’s dividend payout ratio (DPR) is 103.70%.
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Several large investors have recently added to or reduced their stakes in NATI. Janus Henderson Group PLC acquired a new position in shares of National Instruments Corporation in the second quarter worth about $423,984,000. William Blair Investment Management LLC acquired a new position in shares of National Instruments Corporation in the second quarter worth about $115,152,000. American Century Companies Inc. acquired a new position in shares of National Instruments Corporation in the second quarter worth about $43,967,000. Wells Fargo & Company MN lifted its stake in shares of National Instruments Corporation by 1,587.5% in the second quarter. Wells Fargo & Company MN now owns 948,054 shares of the technology company’s stock worth $38,130,000 after acquiring an additional 891,874 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of National Instruments Corporation by 87.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,056,992 shares of the technology company’s stock worth $42,512,000 after acquiring an additional 493,245 shares in the last quarter. Institutional investors and hedge funds own 78.71% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded National Instruments Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Stifel Nicolaus reaffirmed a “buy” rating on shares of National Instruments Corporation in a research report on Tuesday, September 26th. Finally, BidaskClub downgraded National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $40.25.
About National Instruments Corporation
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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