James J. Truchard Sells 7,500 Shares of National Instruments Corporation (NATI) Stock

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, October 30th. The stock was sold at an average price of $44.61, for a total value of $334,575.00. Following the sale, the director now directly owns 8,800,166 shares in the company, valued at $392,575,405.26. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of National Instruments Corporation (NASDAQ NATI) traded down 0.167% during trading on Wednesday, reaching $44.925. The company’s stock had a trading volume of 258,613 shares. The company has a market capitalization of $5.86 billion, a PE ratio of 60.792 and a beta of 0.96. National Instruments Corporation has a 1-year low of $27.08 and a 1-year high of $46.33. The stock has a 50 day moving average of $42.93 and a 200-day moving average of $39.85.

National Instruments Corporation (NASDAQ:NATI) last released its quarterly earnings data on Thursday, October 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The business had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $319.78 million. National Instruments Corporation had a return on equity of 10.16% and a net margin of 8.72%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. On average, analysts expect that National Instruments Corporation will post $0.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, November 10th. National Instruments Corporation’s payout ratio is currently 100.00%.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in shares of National Instruments Corporation by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 157,283 shares of the technology company’s stock worth $6,326,000 after acquiring an additional 2,772 shares during the period. Clinton Group Inc. purchased a new position in National Instruments Corporation in the second quarter valued at about $604,000. American Century Companies Inc. purchased a new position in National Instruments Corporation in the second quarter valued at about $43,967,000. Comerica Bank raised its position in National Instruments Corporation by 1.4% in the second quarter. Comerica Bank now owns 83,274 shares of the technology company’s stock valued at $3,585,000 after purchasing an additional 1,176 shares during the period. Finally, Northern Trust Corp raised its position in National Instruments Corporation by 1.1% in the second quarter. Northern Trust Corp now owns 1,640,118 shares of the technology company’s stock valued at $65,966,000 after purchasing an additional 17,988 shares during the period. 80.60% of the stock is owned by hedge funds and other institutional investors.

NATI has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $46.00 price objective on shares of National Instruments Corporation in a report on Sunday. Zacks Investment Research raised National Instruments Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Tuesday, August 1st. Finally, BidaskClub downgraded National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. National Instruments Corporation has a consensus rating of “Hold” and a consensus target price of $40.25.

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.

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