National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $41.15, for a total value of $308,625.00. Following the sale, the director now owns 9,068,916 shares in the company, valued at $373,185,893.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
National Instruments Corporation (NATI) traded down 0.64% during trading on Friday, reaching $38.96. The company had a trading volume of 550,226 shares. The firm has a market capitalization of $5.08 billion, a P/E ratio of 52.72 and a beta of 0.94. National Instruments Corporation has a one year low of $26.74 and a one year high of $43.74. The firm’s 50-day moving average price is $40.99 and its 200 day moving average price is $36.20.
National Instruments Corporation (NASDAQ:NATI) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.08. The business had revenue of $318.61 million for the quarter, compared to analysts’ expectations of $321.07 million. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share. Equities analysts forecast 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 will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.84 dividend on an annualized basis and a yield of 2.16%. National Instruments Corporation’s dividend payout ratio is presently 107.69%.
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A number of analysts recently issued reports on the company. Zacks Investment Research lowered National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub lowered National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Sunday, August 6th. Stifel Nicolaus reiterated a “buy” rating and set a $46.00 price objective on shares of National Instruments Corporation in a research note on Sunday, July 30th. Finally, Deutsche Bank AG assumed coverage on National Instruments Corporation in a research note on Tuesday, May 16th. They set a “hold” rating and a $34.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. National Instruments Corporation presently has an average rating of “Hold” and an average price target of $40.25.
A number of large investors have recently bought and sold shares of NATI. Russell Investments Group Ltd. acquired a new stake in National Instruments Corporation during the fourth quarter worth approximately $512,000. Dimensional Fund Advisors LP boosted its stake in National Instruments Corporation by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 669,381 shares of the technology company’s stock worth $20,631,000 after buying an additional 27,388 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in National Instruments Corporation during the fourth quarter worth approximately $231,000. Guggenheim Capital LLC boosted its stake in National Instruments Corporation by 47.5% in the fourth quarter. Guggenheim Capital LLC now owns 16,846 shares of the technology company’s stock worth $519,000 after buying an additional 5,428 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in National Instruments Corporation by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 44,172 shares of the technology company’s stock worth $1,361,000 after buying an additional 147 shares in the last quarter. 78.90% of the stock is currently owned by institutional investors and hedge funds.
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.
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