Oppenheimer & Co. Inc. Purchases New Shares in National Instruments Corp (NASDAQ:NATI)

Oppenheimer & Co. Inc. acquired a new stake in shares of National Instruments Corp (NASDAQ:NATI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,397 shares of the technology company’s stock, valued at approximately $269,000.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of National Instruments by 6.4% in the first quarter. BlackRock Inc. now owns 12,365,543 shares of the technology company’s stock worth $548,534,000 after acquiring an additional 740,064 shares during the period. William Blair Investment Management LLC boosted its position in National Instruments by 43.6% during the 2nd quarter. William Blair Investment Management LLC now owns 2,278,426 shares of the technology company’s stock valued at $95,671,000 after acquiring an additional 691,317 shares in the last quarter. Geode Capital Management LLC boosted its position in National Instruments by 14.8% during the 4th quarter. Geode Capital Management LLC now owns 1,347,314 shares of the technology company’s stock valued at $61,141,000 after acquiring an additional 173,357 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of National Instruments by 0.6% in the 2nd quarter. Baillie Gifford & Co. now owns 838,268 shares of the technology company’s stock worth $35,199,000 after purchasing an additional 5,001 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of National Instruments by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 762,742 shares of the technology company’s stock worth $34,611,000 after purchasing an additional 23,237 shares in the last quarter. Institutional investors and hedge funds own 79.60% of the company’s stock.

Shares of NATI traded down $0.10 during midday trading on Friday, hitting $44.50. The company had a trading volume of 7,123 shares, compared to its average volume of 493,630. National Instruments Corp has a 52 week low of $38.01 and a 52 week high of $51.00. The company’s 50 day moving average price is $42.86 and its 200 day moving average price is $43.25. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 33.25 and a beta of 0.92.

National Instruments (NASDAQ:NATI) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). National Instruments had a return on equity of 15.03% and a net margin of 11.22%. The company had revenue of $334.23 million for the quarter, compared to the consensus estimate of $339.60 million. On average, research analysts predict that National Instruments Corp will post 1.3 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Friday, August 9th. National Instruments’s dividend payout ratio is 74.63%.

In other National Instruments news, Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $42.85, for a total transaction of $85,700.00. Following the sale, the director now owns 348,410 shares of the company’s stock, valued at approximately $14,929,368.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 21,500 shares of company stock valued at $916,130. Corporate insiders own 1.79% of the company’s stock.

Several brokerages recently weighed in on NATI. BidaskClub upgraded National Instruments from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. ValuEngine lowered National Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $49.33.

National Instruments Profile

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.

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Institutional Ownership by Quarter for National Instruments (NASDAQ:NATI)

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