MUFG Securities EMEA plc Boosts Stake in National Instruments Corp (NASDAQ:NATI)
MUFG Securities EMEA plc raised its position in National Instruments Corp (NASDAQ:NATI) by 958.4% during the second quarter, HoldingsChannel.com reports. The firm owned 28,258 shares of the technology company’s stock after purchasing an additional 25,588 shares during the period. MUFG Securities EMEA plc’s holdings in National Instruments were worth $1,187,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Valeo Financial Advisors LLC grew its stake in National Instruments by 261.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,027 shares of the technology company’s stock worth $43,000 after acquiring an additional 743 shares in the last quarter. Icon Wealth Partners LLC bought a new position in National Instruments in the 1st quarter worth about $49,000. FTB Advisors Inc. grew its stake in National Instruments by 219.4% in the 2nd quarter. FTB Advisors Inc. now owns 1,495 shares of the technology company’s stock worth $62,000 after acquiring an additional 1,027 shares in the last quarter. ETF Managers Group LLC grew its stake in National Instruments by 8.9% in the 1st quarter. ETF Managers Group LLC now owns 2,861 shares of the technology company’s stock worth $127,000 after acquiring an additional 235 shares in the last quarter. Finally, NumerixS Investment Technologies Inc grew its stake in National Instruments by 13.3% in the 1st quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the technology company’s stock worth $150,000 after acquiring an additional 400 shares in the last quarter. 79.60% of the stock is currently owned by institutional investors.
NATI stock traded down $0.17 during mid-day trading on Friday, reaching $44.43. The company had a trading volume of 17,424 shares, compared to its average volume of 493,630. The company has a market capitalization of $5.77 billion, a PE ratio of 33.12 and a beta of 0.92. The firm has a 50 day moving average of $42.86 and a 200 day moving average of $43.25. National Instruments Corp has a 12 month low of $38.01 and a 12 month high of $51.00.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.25%. National Instruments’s dividend payout ratio is presently 74.63%.
In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $42.85, for a total transaction of $85,700.00. Following the transaction, the director now directly owns 348,410 shares in the company, valued at $14,929,368.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 21,500 shares of company stock worth $916,130. Insiders own 1.79% of the company’s stock.
A number of equities analysts have commented on NATI shares. Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. ValuEngine downgraded shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, BidaskClub upgraded shares of National Instruments from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. National Instruments currently has a consensus rating of “Hold” and a consensus target price of $49.33.
About National Instruments
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.
Further Reading: What is diluted earnings per share (Diluted EPS)?
Want to see what other hedge funds are holding NATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Instruments Corp (NASDAQ:NATI).
Receive News & Ratings for National Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Instruments and related companies with MarketBeat.com's FREE daily email newsletter.