National Instruments Corp (NASDAQ:NATI) Director James J. Truchard sold 80,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $52.00, for a total transaction of $4,160,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
National Instruments Corp (NASDAQ NATI) opened at $52.65 on Friday. National Instruments Corp has a fifty-two week low of $31.39 and a fifty-two week high of $53.57. The company has a market cap of $6,862.01, a P/E ratio of 131.63 and a beta of 0.97.
National Instruments (NASDAQ:NATI) last announced its earnings results on Tuesday, January 30th. The technology company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $349.80 million for the quarter, compared to analysts’ expectations of $347.38 million. National Instruments had a net margin of 4.06% and a return on equity of 10.76%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. equities analysts predict that National Instruments Corp will post 1.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 5th. Investors of record on Monday, February 12th were given a dividend of $0.23 per share. This is a positive change from National Instruments’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, February 9th. This represents a $0.92 annualized dividend and a dividend yield of 1.75%. National Instruments’s dividend payout ratio (DPR) is currently 230.01%.
NATI has been the topic of several recent research reports. BidaskClub cut shares of National Instruments from a “sell” rating to a “strong sell” rating in a report on Saturday, December 16th. Zacks Investment Research raised shares of National Instruments from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Thursday, December 28th. Stifel Nicolaus raised their target price on shares of National Instruments from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Robert W. Baird reaffirmed a “buy” rating on shares of National Instruments in a report on Wednesday, January 31st. Finally, ValuEngine raised shares of National Instruments from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.67.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zions Bancorporation acquired a new stake in shares of National Instruments during the 3rd quarter worth approximately $129,000. JPMorgan Chase & Co. boosted its position in shares of National Instruments by 44.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock worth $169,000 after acquiring an additional 1,241 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of National Instruments during the 3rd quarter worth approximately $204,000. Jane Street Group LLC acquired a new stake in shares of National Instruments during the 3rd quarter worth approximately $248,000. Finally, AMP Capital Investors Ltd acquired a new stake in shares of National Instruments during the 3rd quarter worth approximately $261,000. Institutional investors and hedge funds own 77.01% of the company’s stock.
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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