National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 1,600 shares of the business’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $43.44, for a total transaction of $69,504.00. Following the completion of the sale, the director now directly owns 6,475,037 shares of the company’s stock, valued at approximately $281,275,607.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
National Instruments opened at $43.47 on Thursday, MarketBeat reports. National Instruments Corp has a 52-week low of $38.37 and a 52-week high of $53.57. The firm has a market cap of $5.71 billion, a PE ratio of 46.18 and a beta of 0.98.
National Instruments (NASDAQ:NATI) last released its earnings results on Thursday, April 26th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.07. National Instruments had a net margin of 4.50% and a return on equity of 11.50%. The business had revenue of $311.90 million during the quarter, compared to analyst estimates of $322.77 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. equities research analysts forecast that National Instruments Corp will post 1.22 EPS for the current fiscal year.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of National Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st. BidaskClub raised shares of National Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 3rd. Robert W. Baird lowered shares of National Instruments from an “outperform” rating to a “neutral” rating and set a $50.00 target price for the company. in a report on Monday, April 2nd. Finally, ValuEngine raised shares of National Instruments from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. National Instruments presently has a consensus rating of “Buy” and an average target price of $52.33.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of National Instruments by 1.9% during the first quarter. BlackRock Inc. now owns 9,027,432 shares of the technology company’s stock worth $456,517,000 after buying an additional 166,375 shares in the last quarter. American Century Companies Inc. boosted its position in shares of National Instruments by 10.6% during the 1st quarter. American Century Companies Inc. now owns 2,363,425 shares of the technology company’s stock valued at $119,518,000 after acquiring an additional 226,238 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of National Instruments by 3,081.3% during the 4th quarter. Alliancebernstein L.P. now owns 2,000,276 shares of the technology company’s stock valued at $83,271,000 after acquiring an additional 1,937,399 shares during the last quarter. King Luther Capital Management Corp boosted its position in shares of National Instruments by 2.0% during the 4th quarter. King Luther Capital Management Corp now owns 1,980,530 shares of the technology company’s stock valued at $82,449,000 after acquiring an additional 39,080 shares during the last quarter. Finally, Hound Partners LLC acquired a new position in shares of National Instruments during the 1st quarter valued at about $53,674,000. 77.53% of the stock is owned by institutional investors and hedge funds.
About National Instruments
National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.
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