Schroder Investment Management Group Increases Position in National Instruments Corp. (NATI)
Schroder Investment Management Group raised its stake in shares of National Instruments Corp. (NASDAQ:NATI) by 2.9% during the second quarter, Holdings Channel reports. The firm owned 128,417 shares of the company’s stock after buying an additional 3,585 shares during the period. Schroder Investment Management Group owned approximately 0.10% of National Instruments Corp. worth $3,519,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Glenmede Trust Co. NA boosted its stake in National Instruments Corp. by 27.1% in the second quarter. Glenmede Trust Co. NA now owns 4,617 shares of the company’s stock valued at $126,000 after buying an additional 983 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in National Instruments Corp. by 3.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,901 shares of the company’s stock valued at $148,000 after buying an additional 144 shares in the last quarter. LS Investment Advisors LLC boosted its stake in National Instruments Corp. by 73.6% in the second quarter. LS Investment Advisors LLC now owns 6,107 shares of the company’s stock valued at $167,000 after buying an additional 2,589 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in National Instruments Corp. during the first quarter valued at $222,000. Finally, Dearborn Partners LLC boosted its stake in National Instruments Corp. by 20.8% in the second quarter. Dearborn Partners LLC now owns 8,700 shares of the company’s stock valued at $238,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 73.08% of the company’s stock.
National Instruments Corp. (NASDAQ:NATI) traded up 1.02% on Wednesday, hitting $27.68. The stock had a trading volume of 534,074 shares. National Instruments Corp. has a 1-year low of $25.90 and a 1-year high of $31.71. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 41.94 and a beta of 1.05. The company has a 50-day moving average price of $27.84 and a 200-day moving average price of $28.20.
National Instruments Corp. (NASDAQ:NATI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.06. National Instruments Corp. had a return on equity of 9.70% and a net margin of 6.88%. The company earned $306.10 million during the quarter, compared to analyst estimates of $311.53 million. During the same quarter last year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts predict that National Instruments Corp. will post $0.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, August 11th. National Instruments Corp.’s dividend payout ratio (DPR) is currently 123.08%.
A number of research firms have recently commented on NATI. Stifel Nicolaus dropped their target price on shares of National Instruments Corp. from $33.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, July 28th. Zacks Investment Research raised shares of National Instruments Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 6th. Finally, TheStreet raised shares of National Instruments Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $31.50.
National Instruments Corp. Company Profile
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering, which provides an integrated software and hardware platform for measurement and control systems. Its products include reusable hardware and software modules.
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