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.
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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