National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments stock in a transaction on Monday, February 11th. The shares were sold at an average price of $44.90, for a total transaction of $89,800.00. Following the completion of the sale, the director now owns 356,545 shares in the company, valued at approximately $16,008,870.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NATI stock traded up $0.45 during mid-day trading on Wednesday, reaching $45.45. 602,300 shares of the company’s stock traded hands, compared to its average volume of 934,981. National Instruments Corp has a 12 month low of $38.78 and a 12 month high of $53.57. The stock has a market cap of $5.98 billion, a PE ratio of 33.92 and a beta of 0.77.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Stockholders of record on Monday, February 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Friday, February 8th. This is a positive change from National Instruments’s previous quarterly dividend of $0.23. National Instruments’s payout ratio is currently 74.63%.
Several research firms recently weighed in on NATI. Zacks Investment Research cut shares of National Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine cut shares of National Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, BidaskClub cut shares of National Instruments from a “hold” rating to a “sell” rating in a report on Saturday, January 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $48.50.
National Instruments Company Profile
National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.
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