Insider Selling: National Instruments Corp (NASDAQ:NATI) Director Sells $80,520.00 in Stock

National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $40.26, for a total value of $80,520.00. Following the transaction, the director now owns 348,910 shares in the company, valued at approximately $14,047,116.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NATI opened at $40.89 on Thursday. National Instruments Corp has a 52-week low of $38.01 and a 52-week high of $51.00. The firm has a fifty day simple moving average of $40.25. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 30.51 and a beta of 0.94.

National Instruments (NASDAQ:NATI) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). National Instruments had a net margin of 11.34% and a return on equity of 15.19%. The business had revenue of $311.07 million during the quarter, compared to the consensus estimate of $321.25 million. Equities analysts expect that National Instruments Corp will post 1.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were paid a $0.25 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.45%. National Instruments’s payout ratio is 74.63%.

Institutional investors and hedge funds have recently modified their holdings of the company. Executive Wealth Management LLC acquired a new stake in shares of National Instruments during the 4th quarter valued at $25,000. Quadrant Capital Group LLC boosted its holdings in shares of National Instruments by 2,522.7% during the 1st quarter. Quadrant Capital Group LLC now owns 1,154 shares of the technology company’s stock valued at $49,000 after acquiring an additional 1,110 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in shares of National Instruments during the 1st quarter valued at $49,000. Financial Gravity Wealth Inc. acquired a new stake in shares of National Instruments during the 1st quarter valued at $59,000. Finally, Fort L.P. boosted its holdings in shares of National Instruments by 21.2% during the 4th quarter. Fort L.P. now owns 1,605 shares of the technology company’s stock valued at $73,000 after acquiring an additional 281 shares in the last quarter. Institutional investors own 79.51% of the company’s stock.

NATI has been the topic of a number of recent research reports. BidaskClub lowered National Instruments from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 9th. Zacks Investment Research upgraded National Instruments from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Deutsche Bank lowered National Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. National Instruments presently has an average rating of “Hold” and an average target price of $48.50.

About National Instruments

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.

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

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