National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $42.52, for a total value of $318,900.00. Following the completion of the sale, the director now owns 8,307,537 shares in the company, valued at approximately $353,236,473.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of National Instruments Corporation (NASDAQ NATI) traded up $0.01 during trading hours on Wednesday, hitting $42.48. The stock had a trading volume of 486,800 shares, compared to its average volume of 564,773. National Instruments Corporation has a 52-week low of $29.80 and a 52-week high of $46.33. The stock has a market cap of $5,552.74, a price-to-earnings ratio of 48.26 and a beta of 0.93. The company has a quick ratio of 2.53, a current ratio of 3.22 and a debt-to-equity ratio of 0.01.
National Instruments (NASDAQ:NATI) last announced its earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. National Instruments had a return on equity of 10.16% and a net margin of 8.72%. The firm had revenue of $320.90 million for the quarter, compared to analyst estimates of $319.78 million. During the same quarter last year, the firm posted $0.25 EPS. The business’s revenue was up 4.7% on a year-over-year basis. analysts forecast that National Instruments Corporation will post 0.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 13th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.98%. National Instruments’s dividend payout ratio (DPR) is 100.00%.
Large investors have recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in National Instruments by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 10,804,219 shares of the technology company’s stock valued at $455,616,000 after purchasing an additional 262,578 shares during the last quarter. Vanguard Group Inc. raised its stake in National Instruments by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 9,588,543 shares of the technology company’s stock valued at $385,651,000 after purchasing an additional 138,121 shares during the last quarter. William Blair Investment Management LLC acquired a new position in National Instruments in the 2nd quarter valued at $115,152,000. State Street Corp raised its stake in National Instruments by 0.4% in the 2nd quarter. State Street Corp now owns 2,822,005 shares of the technology company’s stock valued at $113,497,000 after purchasing an additional 10,737 shares during the last quarter. Finally, King Luther Capital Management Corp raised its stake in National Instruments by 2.4% in the 2nd quarter. King Luther Capital Management Corp now owns 1,955,530 shares of the technology company’s stock valued at $78,651,000 after purchasing an additional 46,678 shares during the last quarter. Hedge funds and other institutional investors own 78.05% of the company’s stock.
A number of equities research analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $46.00 target price on shares of National Instruments in a research report on Sunday, October 29th. Zacks Investment Research lowered National Instruments from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $40.25.
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About National Instruments
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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