National Instruments Corporation (NATI) Shares Bought by New York State Common Retirement Fund
New York State Common Retirement Fund increased its stake in shares of National Instruments Corporation (NASDAQ:NATI) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 568,495 shares of the technology company’s stock after acquiring an additional 2,412 shares during the period. New York State Common Retirement Fund owned about 0.43% of National Instruments worth $23,973,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Janus Henderson Group PLC acquired a new stake in National Instruments in the 2nd quarter valued at $423,984,000. William Blair Investment Management LLC acquired a new stake in National Instruments in the 2nd quarter valued at $115,152,000. American Century Companies Inc. acquired a new stake in National Instruments in the 2nd quarter valued at $43,967,000. Wells Fargo & Company MN increased its stake in National Instruments by 1,587.5% in the 2nd quarter. Wells Fargo & Company MN now owns 948,054 shares of the technology company’s stock valued at $38,130,000 after buying an additional 891,874 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in National Instruments by 87.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,056,992 shares of the technology company’s stock valued at $42,512,000 after buying an additional 493,245 shares during the last quarter. Institutional investors and hedge funds own 78.05% of the company’s stock.
In other news, Director James J. Truchard sold 7,500 shares of National Instruments stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $41.07, for a total value of $308,025.00. Following the completion of the transaction, the director now owns 8,845,166 shares of the company’s stock, valued at approximately $363,270,967.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $44.30, for a total transaction of $88,600.00. Following the completion of the transaction, the director now directly owns 375,271 shares of the company’s stock, valued at approximately $16,624,505.30. The disclosure for this sale can be found here. In the last three months, insiders sold 1,053,651 shares of company stock valued at $45,978,544. Insiders own 9.92% of the company’s stock.
Several brokerages have issued reports on NATI. Stifel Nicolaus reiterated a “buy” rating and issued a $46.00 price target on shares of National Instruments in a research note on Sunday, October 29th. Zacks Investment Research lowered shares of National Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.25.
National Instruments Corporation (NASDAQ:NATI) opened at $42.58 on Tuesday. National Instruments Corporation has a 12-month low of $29.80 and a 12-month high of $46.33. The company has a market cap of $5,616.81, a PE ratio of 48.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.22 and a quick ratio of 2.53.
National Instruments (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. National Instruments had a net margin of 8.72% and a return on equity of 10.16%. The company had revenue of $320.90 million during the quarter, compared to the consensus estimate of $319.78 million. During the same quarter last year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. sell-side analysts expect that National Instruments Corporation will post 0.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 13th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Friday, November 10th. National Instruments’s dividend payout ratio (DPR) is presently 100.00%.
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National Instruments 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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