National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $41.88, for a total value of $314,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of National Instruments Corporation (NASDAQ NATI) traded up $0.45 during midday trading on Friday, hitting $43.98. The stock had a trading volume of 349,200 shares, compared to its average volume of 491,050. The company has a market capitalization of $5,750.00, a price-to-earnings ratio of 54.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.53 and a current ratio of 3.22. National Instruments Corporation has a one year low of $29.80 and a one year high of $46.33.
National Instruments (NASDAQ:NATI) last announced its earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $320.90 million for the quarter, compared to analyst estimates of $319.78 million. National Instruments had a return on equity of 10.16% and a net margin of 8.72%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. research analysts predict that National Instruments Corporation will post 0.93 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of National Instruments by 6.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock worth $163,000 after purchasing an additional 241 shares during the period. Citigroup Inc. increased its stake in National Instruments by 2.7% during the 2nd quarter. Citigroup Inc. now owns 9,808 shares of the technology company’s stock worth $395,000 after acquiring an additional 256 shares during the period. Pacer Advisors Inc. increased its stake in National Instruments by 2.0% during the 2nd quarter. Pacer Advisors Inc. now owns 13,619 shares of the technology company’s stock worth $548,000 after acquiring an additional 270 shares during the period. Prudential Financial Inc. increased its stake in National Instruments by 0.6% during the 2nd quarter. Prudential Financial Inc. now owns 66,238 shares of the technology company’s stock worth $2,664,000 after acquiring an additional 390 shares during the period. Finally, Coastline Trust Co increased its stake in National Instruments by 0.8% during the 2nd quarter. Coastline Trust Co now owns 61,120 shares of the technology company’s stock worth $2,458,000 after acquiring an additional 470 shares during the period. Institutional investors own 78.04% of the company’s stock.
Several analysts have issued reports on the company. Zacks Investment Research lowered National Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. BidaskClub upgraded National Instruments from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of National Instruments in a research note on Tuesday, September 26th.
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National Instruments Company Profile
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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