National Instruments Corporation (NATI) Position Raised by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC raised its position in shares of National Instruments Corporation (NASDAQ:NATI) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,979 shares of the technology company’s stock after buying an additional 57 shares during the period. Rice Hall James & Associates LLC’s holdings in National Instruments Corporation were worth $1,528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NATI. Guggenheim Capital LLC increased its position 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 during the last quarter. Teachers Advisors LLC increased its position in National Instruments Corporation by 27.3% in the fourth quarter. Teachers Advisors LLC now owns 120,038 shares of the technology company’s stock worth $3,700,000 after buying an additional 25,722 shares during the last quarter. First National Bank of Omaha increased its position in National Instruments Corporation by 25.6% in the first quarter. First National Bank of Omaha now owns 30,496 shares of the technology company’s stock worth $993,000 after buying an additional 6,225 shares during the last quarter. Capstone Asset Management Co. increased its position in National Instruments Corporation by 0.6% in the first quarter. Capstone Asset Management Co. now owns 8,398 shares of the technology company’s stock worth $273,000 after buying an additional 50 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in National Instruments Corporation by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 26,800 shares of the technology company’s stock worth $873,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 78.90% of the company’s stock.

National Instruments Corporation (NASDAQ NATI) opened at 39.74 on Wednesday. The company’s 50-day moving average price is $41.04 and its 200-day moving average price is $36.09. The stock has a market cap of $5.19 billion, a P/E ratio of 53.78 and a beta of 0.94. National Instruments Corporation has a 1-year low of $26.74 and a 1-year high of $43.74.

National Instruments Corporation (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.08. The firm had revenue of $318.61 million during the quarter, compared to analyst estimates of $321.07 million. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. National Instruments Corporation’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. Analysts predict that National Instruments Corporation will post $0.92 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, August 10th. National Instruments Corporation’s dividend payout ratio is currently 107.69%.

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NATI has been the topic of a number of research reports. Zacks Investment Research upgraded National Instruments Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, May 2nd. Deutsche Bank AG initiated coverage on National Instruments Corporation in a research note on Tuesday, May 16th. They set a “hold” rating and a $34.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and set a $46.00 price target on shares of National Instruments Corporation in a research note on Sunday, July 30th. Finally, BidaskClub downgraded National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $40.25.

In related news, CEO Alexander M. Davern sold 9,914 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $38.52, for a total value of $381,887.28. Following the completion of the sale, the chief executive officer now directly owns 84,757 shares of the company’s stock, valued at $3,264,839.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John Charles Roiko sold 1,047 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $38.42, for a total value of $40,225.74. Following the completion of the sale, the vice president now directly owns 18,248 shares of the company’s stock, valued at $701,088.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,249 shares of company stock valued at $3,592,155. 9.92% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for National Instruments Corporation (NASDAQ:NATI)

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