National Instruments Corporation (NATI) Director James J. Truchard Sells 7,500 Shares
National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $40.88, for a total value of $306,600.00. Following the completion of the transaction, the director now owns 9,016,416 shares of the company’s stock, valued at approximately $368,591,086.08. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of National Instruments Corporation (NASDAQ NATI) traded up 0.088% during midday trading on Thursday, reaching $40.986. 206,516 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $40.07 and a 200 day moving average price of $37.48. National Instruments Corporation has a 12 month low of $27.08 and a 12 month high of $43.74. The firm has a market cap of $5.35 billion, a PE ratio of 55.461 and a beta of 0.94.
National Instruments Corporation (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.08. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The firm had revenue of $318.61 million for the quarter, compared to analyst estimates of $321.07 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. National Instruments Corporation’s quarterly revenue was up 4.1% on a year-over-year basis. Equities research analysts predict that National Instruments Corporation will post $0.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.05%. The ex-dividend date was Thursday, August 10th. National Instruments Corporation’s dividend payout ratio (DPR) is 107.69%.
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Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $46.00 target price on shares of National Instruments Corporation in a research note on Sunday, July 30th. Finally, BidaskClub downgraded shares of National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.25.
Institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp grew its holdings in National Instruments Corporation by 0.9% in the first quarter. Fifth Third Bancorp now owns 3,722 shares of the technology company’s stock valued at $121,000 after purchasing an additional 32 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of National Instruments Corporation during the second quarter valued at $139,000. Quantbot Technologies LP acquired a new stake in shares of National Instruments Corporation during the first quarter valued at $150,000. JPMorgan Chase & Co. boosted its stake in shares of National Instruments Corporation by 21.5% during the first quarter. JPMorgan Chase & Co. now owns 4,845 shares of the technology company’s stock valued at $158,000 after acquiring an additional 858 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of National Instruments Corporation by 6.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock valued at $163,000 after acquiring an additional 241 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.
National Instruments Corporation Company Profile
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.
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