National Instruments Corp (NATI) Director Jeffrey L. Kodosky Sells 1,600 Shares

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.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 4th. Stockholders of record on Monday, May 14th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, May 11th. National Instruments’s payout ratio is 97.87%.

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.

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

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