Insider Selling: National Instruments Corporation (NATI) Director Sells 7,500 Shares of Stock

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.

A number of brokerages have weighed in on NATI. Zacks Investment Research cut shares of National Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus reiterated a “buy” rating on shares of National Instruments in a research report on Tuesday, September 26th. Finally, BidaskClub cut shares of National Instruments from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 16th.

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.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: National Instruments Corporation (NATI) Director Sells 7,500 Shares of Stock” was first reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3125965/insider-selling-national-instruments-corporation-nati-director-sells-7500-shares-of-stock.html.

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.

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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.