National Instruments Corp (NASDAQ:NATI) insider John Charles Roiko sold 1,179 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $49.28, for a total value of $58,101.12. Following the completion of the sale, the insider now directly owns 19,419 shares in the company, valued at $956,968.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Charles Roiko also recently made the following trade(s):

  • On Wednesday, August 29th, John Charles Roiko sold 1,388 shares of National Instruments stock. The shares were sold at an average price of $47.33, for a total value of $65,694.04.
  • On Thursday, August 16th, John Charles Roiko sold 1,947 shares of National Instruments stock. The shares were sold at an average price of $44.99, for a total value of $87,595.53.

Shares of NASDAQ:NATI opened at $49.84 on Friday. The stock has a market capitalization of $6.68 billion, a PE ratio of 40.65 and a beta of 0.98. National Instruments Corp has a 52-week low of $38.78 and a 52-week high of $53.57.

National Instruments (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, October 25th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The company had revenue of $346.13 million for the quarter, compared to the consensus estimate of $342.65 million. National Instruments had a return on equity of 14.02% and a net margin of 5.50%. Sell-side analysts predict that National Instruments Corp will post 1.35 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Thursday, November 8th. National Instruments’s dividend payout ratio (DPR) is presently 97.87%.

Several equities research analysts have recently issued reports on NATI shares. BidaskClub raised National Instruments from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. ValuEngine downgraded National Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. TheStreet raised National Instruments from a “c+” rating to a “b” rating in a research report on Friday, July 27th. Zacks Investment Research raised National Instruments from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Saturday, September 29th. Finally, Stifel Nicolaus started coverage on National Instruments in a research report on Monday, October 22nd. They issued a “hold” rating and a $48.00 price target on the stock. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. National Instruments presently has an average rating of “Buy” and an average price target of $50.25.

A number of hedge funds have recently added to or reduced their stakes in NATI. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in National Instruments during the third quarter worth about $56,634,000. BlackRock Inc. grew its position in National Instruments by 4.9% during the third quarter. BlackRock Inc. now owns 9,824,840 shares of the technology company’s stock worth $474,835,000 after buying an additional 461,597 shares in the last quarter. First Trust Advisors LP lifted its stake in 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 worth $16,905,000 after purchasing an additional 380,297 shares during the period. Canada Pension Plan Investment Board lifted its stake in 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 worth $29,617,000 after purchasing an additional 333,500 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in National Instruments by 1.9% during the second quarter. Janus Henderson Group PLC now owns 11,486,408 shares of the technology company’s stock worth $482,199,000 after purchasing an additional 210,830 shares during the period. 76.83% of the stock is currently owned by institutional investors and hedge funds.

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About National Instruments

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.

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