National Instruments Corporation (NATI) Director Jeffrey L. Kodosky Sells 2,000 Shares
National Instruments Corporation (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments Corporation stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $39.54, for a total value of $79,080.00. Following the completion of the transaction, the director now directly owns 381,771 shares in the company, valued at $15,095,225.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of National Instruments Corporation (NASDAQ NATI) traded up 1.141% during midday trading on Wednesday, reaching $39.981. The company’s stock had a trading volume of 82,926 shares. National Instruments Corporation has a 12-month low of $26.74 and a 12-month high of $43.74. The company’s 50-day moving average price is $40.88 and its 200 day moving average price is $36.48. The company has a market capitalization of $5.22 billion, a P/E ratio of 54.101 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $318.61 million during the quarter, compared to analyst estimates of $321.07 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts forecast that National Instruments Corporation will post $0.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.84 annualized dividend and a dividend yield of 2.12%. National Instruments Corporation’s dividend payout ratio (DPR) is presently 107.69%.
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A number of equities analysts recently commented on the company. Zacks Investment Research lowered National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. BidaskClub lowered National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Deutsche Bank AG assumed coverage on National Instruments Corporation in a research note on Tuesday, May 16th. They issued a “hold” rating and a $34.00 price objective on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $46.00 price objective on shares of National Instruments Corporation in a research note on Sunday, July 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $40.25.
Several hedge funds and other institutional investors have recently made changes to their positions in NATI. Janus Henderson Group PLC purchased a new stake in shares of National Instruments Corporation during the second quarter worth about $423,984,000. BlackRock Inc. raised its stake in shares of National Instruments Corporation by 7,809.7% in the first quarter. BlackRock Inc. now owns 9,143,655 shares of the technology company’s stock worth $297,718,000 after buying an additional 9,028,054 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of National Instruments Corporation during the second quarter worth about $115,152,000. American Century Companies Inc. purchased a new stake in shares of National Instruments Corporation during the second quarter worth about $43,967,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of National Instruments Corporation during the first quarter worth about $32,218,000. Institutional investors and hedge funds own 80.36% of the company’s stock.
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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