National Instruments Corporation (NATI) Director Sells $84,720.00 in Stock
National Instruments Corporation (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $42.36, for a total value of $84,720.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
National Instruments Corporation (NASDAQ NATI) opened at 43.34 on Friday. The firm has a market capitalization of $5.66 billion, a PE ratio of 58.65 and a beta of 0.96. National Instruments Corporation has a 12 month low of $27.08 and a 12 month high of $43.74. The company’s 50-day moving average price is $40.72 and its 200 day moving average price is $38.31.
National Instruments Corporation (NASDAQ:NATI) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. The firm had revenue of $318.61 million during the quarter, compared to analyst estimates of $321.07 million. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. On average, equities research analysts predict that National Instruments Corporation will post $0.92 earnings per share for the current year.
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NATI has been the subject of a number of research reports. Zacks Investment Research downgraded National Instruments Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $46.00 price objective on shares of National Instruments Corporation in a report on Sunday, July 30th. Finally, BidaskClub downgraded National Instruments Corporation from a “buy” rating to a “hold” rating in a report on Sunday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.25.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp increased its holdings in National Instruments Corporation by 0.9% during the 1st quarter. Fifth Third Bancorp now owns 3,722 shares of the technology company’s stock worth $121,000 after purchasing an additional 32 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in National Instruments Corporation by 0.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 23,879 shares of the technology company’s stock worth $960,000 after purchasing an additional 69 shares in the last quarter. M&T Bank Corp increased its holdings in National Instruments Corporation by 0.6% during the 1st quarter. M&T Bank Corp now owns 13,179 shares of the technology company’s stock worth $430,000 after purchasing an additional 74 shares in the last quarter. Capstone Asset Management Co. increased its holdings in National Instruments Corporation by 1.0% during the 2nd quarter. Capstone Asset Management Co. now owns 8,478 shares of the technology company’s stock worth $341,000 after purchasing an additional 80 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in National Instruments Corporation by 0.3% during the 1st quarter. Arizona State Retirement System now owns 44,200 shares of the technology company’s stock worth $1,439,000 after purchasing an additional 136 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.
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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