Sei Investments Co. Sells 44,735 Shares of National Instruments Corporation (NATI)
Sei Investments Co. decreased its stake in shares of National Instruments Corporation (NASDAQ:NATI) by 23.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 149,236 shares of the technology company’s stock after selling 44,735 shares during the period. Sei Investments Co. owned 0.11% of National Instruments Corporation worth $6,293,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of NATI. Westwood Holdings Group Inc. purchased a new stake in National Instruments Corporation during the 2nd quarter worth about $139,000. JPMorgan Chase & Co. increased its stake in National Instruments Corporation by 21.5% in the 1st quarter. JPMorgan Chase & Co. now owns 4,845 shares of the technology company’s stock worth $158,000 after acquiring an additional 858 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in National Instruments Corporation by 6.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock worth $163,000 after acquiring an additional 241 shares during the last quarter. Nwam LLC bought a new position in National Instruments Corporation in the 2nd quarter worth about $215,000. Finally, Cullen Frost Bankers Inc. bought a new position in National Instruments Corporation in the 2nd quarter worth about $218,000. 77.47% of the stock is currently owned by institutional investors and hedge funds.
National Instruments Corporation (NATI) opened at $44.38 on Friday. The firm has a market capitalization of $5,803.77, a PE ratio of 50.44 and a beta of 0.94. The company has a quick ratio of 2.53, a current ratio of 3.22 and a debt-to-equity ratio of 0.01. National Instruments Corporation has a one year low of $29.44 and a one year high of $46.33.
National Instruments Corporation (NASDAQ:NATI) last announced its earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $320.90 million for the quarter, compared to analyst estimates of $319.78 million. National Instruments Corporation had a return on equity of 10.16% and a net margin of 8.72%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. equities analysts predict that National Instruments Corporation will post 0.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, November 10th. This represents a $0.84 annualized dividend and a dividend yield of 1.89%. National Instruments Corporation’s dividend payout ratio (DPR) is presently 100.00%.
A number of equities analysts have weighed in on NATI shares. Stifel Nicolaus restated a “buy” rating and issued a $46.00 target price on shares of National Instruments Corporation in a research note on Sunday, July 30th. BidaskClub lowered National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded National Instruments Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.25.
In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $39.65, for a total transaction of $79,300.00. Following the transaction, the director now directly owns 381,271 shares in the company, valued at approximately $15,117,395.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James J. Truchard sold 7,500 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $40.08, for a total value of $300,600.00. Following the transaction, the director now owns 9,023,916 shares in the company, valued at $361,678,553.28. The disclosure for this sale can be found here. Insiders have sold a total of 1,055,651 shares of company stock worth $46,030,024 over the last quarter. Corporate insiders own 9.92% of the company’s stock.
National Instruments Corporation 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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