Huntington National Bank Has $272,000 Position in National Instruments Corporation (NATI)

Huntington National Bank continued to hold its stake in shares of National Instruments Corporation (NASDAQ:NATI) during the second quarter, according to its most recent filing with the SEC. The firm owned 6,756 shares of the technology company’s stock at the end of the second quarter. Huntington National Bank’s holdings in National Instruments Corporation were worth $272,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Coastline Trust Co boosted its stake in shares of National Instruments Corporation by 1.6% in the first quarter. Coastline Trust Co now owns 60,650 shares of the technology company’s stock valued at $1,975,000 after buying an additional 980 shares in the last quarter. Palisade Capital Management LLC NJ acquired a new stake in shares of National Instruments Corporation during the first quarter valued at about $4,299,000. Louisiana State Employees Retirement System boosted its stake in shares of National Instruments Corporation by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 26,800 shares of the technology company’s stock valued at $873,000 after buying an additional 700 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of National Instruments Corporation by 0.6% in the first quarter. Capstone Asset Management Co. now owns 8,398 shares of the technology company’s stock valued at $273,000 after buying an additional 50 shares in the last quarter. Finally, First National Bank of Omaha boosted its stake in shares of National Instruments Corporation by 25.6% in the first quarter. First National Bank of Omaha now owns 30,496 shares of the technology company’s stock valued at $993,000 after buying an additional 6,225 shares in the last quarter. 75.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of National Instruments Corporation (NASDAQ NATI) traded down 0.12% during mid-day trading on Tuesday, reaching $40.56. 73,520 shares of the company traded hands. The company has a market capitalization of $5.29 billion, a P/E ratio of 54.88 and a beta of 0.94. National Instruments Corporation has a 52-week low of $26.74 and a 52-week high of $43.74. The firm’s 50 day moving average price is $40.78 and its 200-day moving average price is $35.46.

National Instruments Corporation (NASDAQ:NATI) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.19 by $0.08. The firm had revenue of $318.61 million for 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%. National Instruments Corporation’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. Equities analysts predict that National Instruments Corporation will post $0.92 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, August 10th. National Instruments Corporation’s dividend payout ratio (DPR) is presently 107.69%.

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Several brokerages have recently issued reports on NATI. Zacks Investment Research cut shares of National Instruments Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and set a $46.00 price target on shares of National Instruments Corporation in a research report on Sunday, July 30th. BidaskClub cut shares of National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG began coverage on shares of National Instruments Corporation in a report on Tuesday, May 16th. They issued a “hold” rating and a $34.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. National Instruments Corporation presently has an average rating of “Hold” and an average target price of $40.25.

In other National Instruments Corporation news, Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $41.15, for a total value of $308,625.00. Following the transaction, the director now directly owns 9,068,916 shares of the company’s stock, valued at approximately $373,185,893.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James J. Truchard sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $35.07, for a total value of $1,402,800.00. Following the completion of the transaction, the director now directly owns 9,158,916 shares in the company, valued at $321,203,184.12. The disclosure for this sale can be found here. Insiders have sold a total of 128,249 shares of company stock worth $4,886,295 over the last three months. 9.92% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for National Instruments Corporation (NASDAQ:NATI)

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