Insider Selling: National Instruments Corp (NATI) Director Sells 1,600 Shares of Stock

National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 1,600 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $44.77, for a total value of $71,632.00. Following the completion of the sale, the director now owns 8,262,537 shares of the company’s stock, valued at $369,913,781.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of National Instruments Corp (NATI) opened at $46.57 on Friday. National Instruments Corp has a 12 month low of $29.80 and a 12 month high of $46.58. The firm has a market capitalization of $6,088.79, a price-to-earnings ratio of 52.92 and a beta of 0.93. The company has a quick ratio of 2.53, a current ratio of 3.22 and a debt-to-equity ratio of 0.01.

National Instruments (NASDAQ:NATI) last announced its earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $320.90 million during 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 firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. sell-side analysts predict that National Instruments Corp will post 0.93 EPS for the current year.

A number of analysts have recently weighed in on NATI shares. BidaskClub lowered National Instruments from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 16th. Stifel Nicolaus restated a “buy” rating and issued a $46.00 target price on shares of National Instruments in a research note on Sunday, October 29th. Finally, Zacks Investment Research upgraded National Instruments from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Thursday, December 28th.

Institutional investors have recently bought and sold shares of the stock. Zions Bancorporation bought a new position in National Instruments in the third quarter valued at about $129,000. Westwood Holdings Group Inc. bought a new position in National Instruments in the second quarter valued at about $139,000. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 1,241 shares during the last quarter. Magnetar Financial LLC bought a new position in National Instruments in the third quarter valued at about $204,000. Finally, Jane Street Group LLC bought a new position in National Instruments in the third quarter valued at about $248,000. Institutional investors and hedge funds 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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