National Instruments Corporation (NASDAQ:NATI) Director James J. Truchard sold 7,500 shares of National Instruments stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $42.02, for a total transaction of $315,150.00. Following the transaction, the director now directly owns 8,277,537 shares in the company, valued at $347,822,104.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of National Instruments Corporation (NATI) traded up $0.41 on Thursday, hitting $43.67. 842,780 shares of the company’s stock were exchanged, compared to its average volume of 691,200. National Instruments Corporation has a 1-year low of $29.80 and a 1-year high of $46.33. The firm has a market capitalization of $5,530.51, a PE ratio of 51.99 and a beta of 0.93. The company has a current ratio of 3.22, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01.
National Instruments (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share 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 business had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $319.78 million. During the same period last year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. equities analysts forecast that National Instruments Corporation will post 0.93 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Zions Bancorporation acquired a new position in shares of National Instruments in the third quarter valued at approximately $129,000. Westwood Holdings Group Inc. acquired a new position in shares of National Instruments in the second quarter valued at approximately $139,000. JPMorgan Chase & Co. grew its holdings in shares of National Instruments by 44.5% in the third quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock valued at $169,000 after purchasing an additional 1,241 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of National Instruments by 6.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock valued at $163,000 after purchasing an additional 241 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of National Instruments in the third quarter valued at approximately $204,000. Institutional investors and hedge funds own 78.04% of the company’s stock.
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About National Instruments
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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