Teachers Advisors LLC Increases Stake in National Instruments Corporation (NATI)

Teachers Advisors LLC boosted its stake in National Instruments Corporation (NASDAQ:NATI) by 161.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 313,947 shares of the technology company’s stock after buying an additional 193,909 shares during the period. Teachers Advisors LLC owned 0.24% of National Instruments Corporation worth $10,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dubuque Bank & Trust Co. purchased a new position in shares of National Instruments Corporation during the first quarter valued at about $163,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of National Instruments Corporation by 56.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 244,316 shares of the technology company’s stock worth $7,955,000 after buying an additional 88,092 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of National Instruments Corporation by 1.4% in the first quarter. State Treasurer State of Michigan now owns 43,175 shares of the technology company’s stock worth $1,406,000 after buying an additional 600 shares during the last quarter. Norges Bank acquired a new stake in shares of National Instruments Corporation during the fourth quarter worth approximately $25,541,000. Finally, Guggenheim Capital LLC raised its stake in shares of 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. Hedge funds and other institutional investors own 78.90% of the company’s stock.

Shares of National Instruments Corporation (NASDAQ:NATI) traded down 0.64% during trading on Friday, reaching $38.96. The company’s stock had a trading volume of 550,226 shares. National Instruments Corporation has a one year low of $26.74 and a one year high of $43.74. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 52.72 and a beta of 0.94. The company has a 50-day moving average price of $40.99 and a 200-day moving average price of $36.20.

National Instruments Corporation (NASDAQ:NATI) last issued its earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The business had revenue of $318.61 million during the quarter, compared to analysts’ expectations of $321.07 million. During the same period in the prior year, the business earned $0.23 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts forecast that National Instruments Corporation will post $0.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, August 10th. National Instruments Corporation’s dividend payout ratio is 107.69%.

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A number of brokerages recently commented on NATI. Zacks Investment Research lowered National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. BidaskClub lowered National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Deutsche Bank AG began coverage on National Instruments Corporation in a research note on Tuesday, May 16th. They issued a “hold” rating and a $34.00 price target for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $46.00 price target on shares of National Instruments Corporation in a research note on Sunday, July 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $40.25.

In other news, VP John Charles Roiko sold 1,047 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $38.42, for a total transaction of $40,225.74. Following the completion of the sale, the vice president now directly owns 18,248 shares in the company, valued at $701,088.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $37.47, for a total value of $74,940.00. Following the sale, the director now owns 388,771 shares of the company’s stock, valued at $14,567,249.37. The disclosure for this sale can be found here. Insiders sold a total of 90,249 shares of company stock valued at $3,592,155 over the last quarter. Company insiders own 9.92% of the company’s stock.

National Instruments Corporation 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.

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

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