National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 1,600 shares of National Instruments stock in a transaction on Monday, September 10th. The stock was sold at an average price of $48.50, for a total transaction of $77,600.00. Following the transaction, the director now directly owns 364,545 shares of the company’s stock, valued at $17,680,432.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NATI traded up $0.49 during trading hours on Thursday, reaching $49.08. 2,655 shares of the company traded hands, compared to its average volume of 420,733. The firm has a market capitalization of $6.39 billion, a P/E ratio of 51.69 and a beta of 1.07. National Instruments Corp has a 12-month low of $38.78 and a 12-month high of $53.57.

National Instruments (NASDAQ:NATI) last issued its earnings results on Thursday, July 26th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.09. The firm had revenue of $341.00 million during the quarter, compared to analyst estimates of $333.40 million. National Instruments had a net margin of 4.87% and a return on equity of 12.55%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share. equities analysts forecast that National Instruments Corp will post 1.21 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Monday, August 13th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, August 10th. National Instruments’s dividend payout ratio is currently 97.87%.

NATI has been the subject of several recent analyst reports. ValuEngine raised shares of National Instruments from a “hold” rating to a “buy” rating in a research note on Monday, July 30th. TheStreet raised shares of National Instruments from a “c+” rating to a “b” rating in a research note on Friday, July 27th. BidaskClub lowered shares of National Instruments from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 18th. Zacks Investment Research raised shares of National Instruments from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, Robert W. Baird dropped their price objective on shares of National Instruments from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, July 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $48.33.

Several institutional investors and hedge funds have recently modified their holdings of NATI. Hound Partners LLC purchased a new stake in shares of National Instruments during the first quarter valued at $53,674,000. First Trust Advisors LP boosted its stake in shares of National Instruments by 1,697.8% during the second quarter. First Trust Advisors LP now owns 402,697 shares of the technology company’s stock valued at $16,905,000 after purchasing an additional 380,297 shares during the period. Prudential Financial Inc. boosted its stake in shares of National Instruments by 313.3% during the first quarter. Prudential Financial Inc. now owns 489,658 shares of the technology company’s stock valued at $24,762,000 after purchasing an additional 371,180 shares during the period. BlackRock Inc. boosted its stake in shares of National Instruments by 3.7% during the second quarter. BlackRock Inc. now owns 9,363,243 shares of the technology company’s stock valued at $393,067,000 after purchasing an additional 335,811 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of National Instruments by 89.7% during the second quarter. Canada Pension Plan Investment Board now owns 705,500 shares of the technology company’s stock valued at $29,617,000 after purchasing an additional 333,500 shares during the period. 77.15% of the stock is owned by hedge funds and other institutional investors.

National Instruments Company Profile

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.

Further Reading: Understanding Average Daily Trade Volume

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

Receive News & Ratings for National Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Instruments and related companies with MarketBeat.com's FREE daily email newsletter.