Jeffrey L. Kodosky Sells 2,000 Shares of National Instruments Corporation (NATI) Stock

National Instruments Corporation (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $44.58, for a total transaction of $89,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of National Instruments Corporation (NATI) traded down $0.21 during midday trading on Friday, hitting $44.43. 701,378 shares of the company traded hands, compared to its average volume of 643,650. The company has a current ratio of 3.22, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. National Instruments Corporation has a 12 month low of $29.44 and a 12 month high of $46.33. The stock has a market capitalization of $5,780.00, a P/E ratio of 50.43 and a beta of 0.94.

National Instruments Corporation (NASDAQ:NATI) last issued its earnings results on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. National Instruments Corporation had a net margin of 8.72% and a return on equity of 10.16%. The company had revenue of $320.90 million for the quarter, compared to the consensus estimate of $319.78 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. equities analysts predict that National Instruments Corporation will post 0.93 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, November 10th. National Instruments Corporation’s payout ratio is 103.70%.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Zions Bancorporation purchased a new position in shares of National Instruments Corporation in the third quarter worth $129,000. Westwood Holdings Group Inc. purchased a new position in shares of National Instruments Corporation in the second quarter worth $139,000. JPMorgan Chase & Co. increased its stake in shares of National Instruments Corporation by 44.5% in the third quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock worth $169,000 after buying an additional 1,241 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of National Instruments Corporation by 6.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock worth $163,000 after buying an additional 241 shares during the period. Finally, Magnetar Financial LLC purchased a new position in shares of National Instruments Corporation in the third quarter worth $204,000. 78.71% of the stock is currently owned by institutional investors.

A number of brokerages have recently weighed in on NATI. Stifel Nicolaus restated a “buy” rating and issued a $46.00 price objective on shares of National Instruments Corporation in a report on Sunday, October 29th. Zacks Investment Research lowered shares of National Instruments Corporation from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Finally, BidaskClub lowered shares of 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 assigned a hold rating and two have issued a buy rating to the stock. National Instruments Corporation has an average rating of “Hold” and an average price target of $40.25.

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.

Insider Buying and Selling by Quarter for National Instruments Corporation (NASDAQ:NATI)

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