National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $42.06, for a total transaction of $315,450.00. Following the completion of the transaction, the director now directly owns 8,292,537 shares of the company’s stock, valued at approximately $348,784,106.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
National Instruments Corporation (NASDAQ:NATI) opened at $42.23 on Friday. National Instruments Corporation has a 52-week low of $29.80 and a 52-week high of $46.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.22 and a quick ratio of 2.53. The stock has a market cap of $5,491.29, a PE ratio of 47.73 and a beta of 0.93.
National Instruments (NASDAQ:NATI) last posted its quarterly earnings results 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 firm had revenue of $320.90 million during the quarter, compared to analyst estimates of $319.78 million. National Instruments had a net margin of 8.72% and a return on equity of 10.16%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. analysts expect that National Instruments Corporation will post 0.93 EPS for the current fiscal year.
NATI has been the subject of several recent research reports. Zacks Investment Research lowered shares of National Instruments from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. BidaskClub lowered shares of National Instruments from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 16th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $46.00 price target on shares of National Instruments in a research report on Sunday, October 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $40.25.
Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of National Instruments by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 157,283 shares of the technology company’s stock worth $6,326,000 after buying an additional 2,772 shares in the last quarter. Clinton Group Inc. acquired a new stake in shares of National Instruments during the second quarter worth approximately $604,000. American Century Companies Inc. acquired a new stake in shares of National Instruments during the second quarter worth approximately $43,967,000. Comerica Bank increased its holdings in shares of National Instruments by 1.4% during the second quarter. Comerica Bank now owns 83,274 shares of the technology company’s stock worth $3,585,000 after buying an additional 1,176 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of National Instruments during the second quarter worth approximately $2,652,000. 78.04% of the stock is owned by institutional investors.
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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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