National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $40.08, for a total transaction of $300,600.00. Following the completion of the transaction, the director now owns 9,023,916 shares in the company, valued at approximately $361,678,553.28. The sale was disclosed in a legal filing with the SEC, which is available through this link.
National Instruments Corporation (NASDAQ NATI) opened at 40.58 on Wednesday. National Instruments Corporation has a 12 month low of $26.74 and a 12 month high of $43.74. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 54.91 and a beta of 0.94. The firm has a 50-day moving average price of $40.38 and a 200-day moving average price of $37.12.
National Instruments Corporation (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.08. The business had revenue of $318.61 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. Equities research analysts expect that National Instruments Corporation will post $0.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, August 10th. National Instruments Corporation’s dividend payout ratio is presently 107.69%.
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A number of equities analysts have weighed in on NATI shares. Zacks Investment Research raised National Instruments Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, August 1st. BidaskClub lowered National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Stifel Nicolaus reissued a “buy” rating and issued a $46.00 target price on shares of National Instruments Corporation in a research report on Sunday, July 30th. Finally, Deutsche Bank AG started coverage on National Instruments Corporation in a research report on Tuesday, May 16th. They issued a “hold” rating and a $34.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.25.
A number of hedge funds and other institutional investors have recently modified their holdings of NATI. Janus Henderson Group PLC acquired a new stake in National Instruments Corporation in the second quarter worth about $423,984,000. BlackRock Inc. boosted its holdings 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 acquiring an additional 9,028,054 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in National Instruments Corporation in the second quarter worth about $115,152,000. American Century Companies Inc. acquired a new stake in National Instruments Corporation in the second quarter worth about $43,967,000. Finally, TimesSquare Capital Management LLC acquired a new stake in National Instruments Corporation in the first quarter worth about $32,218,000. 80.38% of the stock is owned by institutional investors and hedge funds.
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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