Crawford Investment Counsel Inc. Has $4.06 Million Position in National Instruments Corp (NATI)
Crawford Investment Counsel Inc. increased its holdings in National Instruments Corp (NASDAQ:NATI) by 13.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,474 shares of the technology company’s stock after buying an additional 11,180 shares during the period. Crawford Investment Counsel Inc.’s holdings in National Instruments were worth $4,058,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in NATI. Oregon Public Employees Retirement Fund lifted its stake in National Instruments by 4,438.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,923,976 shares of the technology company’s stock worth $42,000 after purchasing an additional 1,881,579 shares in the last quarter. BlackRock Inc. lifted its stake in National Instruments by 18.3% in the 4th quarter. BlackRock Inc. now owns 11,625,479 shares of the technology company’s stock worth $527,565,000 after purchasing an additional 1,800,639 shares in the last quarter. Norges Bank purchased a new stake in National Instruments in the 4th quarter worth approximately $45,666,000. Millennium Management LLC lifted its stake in National Instruments by 472.9% in the 4th quarter. Millennium Management LLC now owns 1,115,638 shares of the technology company’s stock worth $50,628,000 after purchasing an additional 920,915 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in National Instruments by 54.6% in the 4th quarter. American Century Companies Inc. now owns 1,127,933 shares of the technology company’s stock worth $51,186,000 after purchasing an additional 398,452 shares in the last quarter. 79.52% of the stock is owned by institutional investors.
Several analysts have issued reports on NATI shares. BidaskClub cut shares of National Instruments from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 9th. Deutsche Bank cut shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. ValuEngine cut shares of National Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, Zacks Investment Research cut shares of National Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. National Instruments currently has a consensus rating of “Hold” and an average price target of $48.50.
National Instruments stock opened at $40.06 on Monday. National Instruments Corp has a fifty-two week low of $39.26 and a fifty-two week high of $51.00. The firm has a market cap of $5.28 billion, a PE ratio of 29.90 and a beta of 0.80.
National Instruments (NASDAQ:NATI) last released its earnings results on Tuesday, April 30th. The technology company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). National Instruments had a net margin of 11.34% and a return on equity of 15.19%. The business had revenue of $311.07 million for the quarter, compared to the consensus estimate of $321.25 million. As a group, sell-side analysts expect that National Instruments Corp will post 1.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, May 10th. National Instruments’s dividend payout ratio (DPR) is presently 74.63%.
COPYRIGHT VIOLATION WARNING: “Crawford Investment Counsel Inc. Has $4.06 Million Position in National Instruments Corp (NATI)” was posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2019/05/27/crawford-investment-counsel-inc-has-4-06-million-position-in-national-instruments-corp-nati.html.
About National Instruments
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.
Read More: What Does Beta Mean In Stock Selection
Want to see what other hedge funds are holding NATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Instruments Corp (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.