Metropolitan Life Insurance Co. NY raised its position in National Instruments Corporation (NASDAQ:NATI) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,169 shares of the technology company’s stock after buying an additional 199 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.08% of National Instruments Corporation worth $3,327,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in 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 period. TimesSquare Capital Management LLC acquired a new stake in National Instruments Corporation during the first quarter worth about $32,218,000. Jennison Associates LLC acquired a new stake in National Instruments Corporation during the first quarter worth about $28,024,000. Norges Bank acquired a new stake in National Instruments Corporation during the fourth quarter worth about $25,541,000. Finally, FMR LLC raised its stake in National Instruments Corporation by 1,281.9% in the fourth quarter. FMR LLC now owns 576,254 shares of the technology company’s stock worth $17,760,000 after buying an additional 534,554 shares during the period. Institutional investors own 75.95% of the company’s stock.
Shares of National Instruments Corporation (NASDAQ NATI) remained flat at $40.61 during midday trading on Tuesday. 476,275 shares of the company traded hands. The company has a market cap of $5.30 billion, a PE ratio of 54.95 and a beta of 0.94. The company’s 50-day moving average price is $40.93 and its 200 day moving average price is $35.57. National Instruments Corporation has a 12 month low of $26.74 and a 12 month high of $43.74.
National Instruments Corporation (NASDAQ:NATI) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. The firm had revenue of $318.61 million for the quarter, compared to analysts’ expectations of $321.07 million. National Instruments Corporation had a net margin of 8.11% and a return on equity of 9.81%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. Equities research analysts expect that National Instruments Corporation will post $0.92 EPS for the current 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 issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.84 annualized dividend and a yield of 2.07%. National Instruments Corporation’s dividend payout ratio is presently 107.69%.
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A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded 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 issued a $46.00 price objective on shares of National Instruments Corporation in a research report on Sunday, July 30th. BidaskClub downgraded 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 assumed coverage on shares of National Instruments Corporation in a research report on Tuesday, May 16th. They issued a “hold” rating and a $34.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. National Instruments Corporation currently has a consensus rating of “Hold” and an average target price of $40.25.
In related news, Director James J. Truchard sold 40,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 9,158,916 shares of the company’s stock, valued at $321,203,184.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Arthur Rust sold 3,288 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $38.34, for a total transaction of $126,061.92. Following the completion of the sale, the insider now directly owns 17,189 shares in the company, valued at $659,026.26. The disclosure for this sale can be found here. Insiders sold 128,249 shares of company stock worth $4,886,295 over the last ninety days. 9.92% of the stock is currently owned by corporate insiders.
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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