National Instruments Corporation (NATI) Director Sells $70,032.00 in Stock

National Instruments Corporation (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 1,600 shares of National Instruments stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $43.77, for a total value of $70,032.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

National Instruments Corporation (NATI) traded down $0.26 during mid-day trading on Wednesday, reaching $43.53. The company’s stock had a trading volume of 357,738 shares, compared to its average volume of 546,794. The company has a current ratio of 3.22, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $5,690.00, a price-to-earnings ratio of 53.74 and a beta of 0.93. National Instruments Corporation has a 52-week low of $29.80 and a 52-week high of $46.33.

National Instruments (NASDAQ:NATI) last posted its earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $320.90 million for the quarter, compared to analyst estimates of $319.78 million. National Instruments had a return on equity of 10.16% and a net margin of 8.72%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. sell-side analysts expect that National Instruments Corporation will post 0.93 earnings per share for the current year.

Several research firms have weighed in on NATI. Stifel Nicolaus reiterated a “buy” rating and set a $46.00 target price on shares of National Instruments in a report on Sunday, October 29th. Zacks Investment Research lowered National Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, BidaskClub lowered National Instruments from a “sell” rating to a “strong sell” rating in a report on Saturday, December 16th.

Several institutional investors have recently modified their holdings of NATI. Zions Bancorporation bought a new stake in shares of National Instruments in the third quarter valued at about $129,000. Westwood Holdings Group Inc. bought a new stake in shares of National Instruments in the second quarter valued at about $139,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of National Instruments by 6.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock valued at $163,000 after purchasing an additional 241 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of National Instruments by 44.5% in the third quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock valued at $169,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of National Instruments in the third quarter valued at about $204,000. Institutional investors own 78.04% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for National Instruments (NASDAQ:NATI)

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