Jeffrey L. Kodosky Sells 2,000 Shares of National Instruments Corporation (NATI) Stock
National Instruments Corporation (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $40.08, for a total transaction of $80,160.00. Following the sale, the director now directly owns 382,771 shares in the company, valued at approximately $15,341,461.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
National Instruments Corporation (NATI) traded down 0.92% on Tuesday, reaching $39.74. 318,711 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $41.05 and a 200-day moving average price of $36.03. National Instruments Corporation has a 52 week low of $26.74 and a 52 week high of $43.74. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 53.78 and a beta of 0.94.
National Instruments Corporation (NASDAQ:NATI) last announced its earnings results on Thursday, July 27th. The technology company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The company had revenue of $318.61 million during the quarter, compared to analysts’ expectations of $321.07 million. During the same period last year, the business posted $0.23 EPS. National Instruments Corporation’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that National Instruments Corporation will post $0.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, August 10th. National Instruments Corporation’s payout ratio is presently 107.69%.
Several institutional investors have recently made changes to their positions in the stock. Dubuque Bank & Trust Co. bought a new position in shares of National Instruments Corporation during the first quarter valued at about $163,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of National Instruments Corporation by 56.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 244,316 shares of the technology company’s stock valued at $7,955,000 after buying an additional 88,092 shares during the period. State Treasurer State of Michigan raised its stake in shares of National Instruments Corporation by 1.4% in the first quarter. State Treasurer State of Michigan now owns 43,175 shares of the technology company’s stock valued at $1,406,000 after buying an additional 600 shares during the period. Baillie Gifford & Co. raised its stake in shares of National Instruments Corporation by 1.3% in the first quarter. Baillie Gifford & Co. now owns 679,221 shares of the technology company’s stock valued at $22,116,000 after buying an additional 8,673 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of National Instruments Corporation by 27.3% in the fourth quarter. Teachers Advisors LLC now owns 120,038 shares of the technology company’s stock valued at $3,700,000 after buying an additional 25,722 shares during the period. Institutional investors and hedge funds own 78.90% of the company’s stock.
Several brokerages have recently weighed in on NATI. Zacks Investment Research upgraded shares of National Instruments Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Tuesday, May 2nd. Deutsche Bank AG assumed coverage on shares of National Instruments Corporation in a research note on Tuesday, May 16th. They set a “hold” rating and a $34.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $46.00 price objective on shares of National Instruments Corporation in a research report on Sunday, July 30th. Finally, BidaskClub lowered shares of National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $40.25.
National Instruments Corporation 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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