National Instruments Corp (NASDAQ:NATI) Director Sells $87,000.00 in Stock

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National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $43.50, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 345,410 shares in the company, valued at $15,025,335. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NASDAQ NATI opened at $41.79 on Friday. National Instruments Corp has a 52-week low of $38.01 and a 52-week high of $51.00. The company has a 50-day simple moving average of $43.05 and a 200 day simple moving average of $43.59. The company has a market capitalization of $5.79 billion, a PE ratio of 31.19 and a beta of 0.93.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a yield of 2.39%. National Instruments’s dividend payout ratio (DPR) is presently 74.63%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Valeo Financial Advisors LLC lifted its position in National Instruments by 261.6% during the second quarter. Valeo Financial Advisors LLC now owns 1,027 shares of the technology company’s stock valued at $43,000 after purchasing an additional 743 shares during the last quarter. Quadrant Capital Group LLC lifted its position in National Instruments by 2,522.7% during the first quarter. Quadrant Capital Group LLC now owns 1,154 shares of the technology company’s stock valued at $49,000 after purchasing an additional 1,110 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in National Instruments during the first quarter valued at approximately $49,000. Financial Gravity Wealth Inc. bought a new stake in National Instruments during the first quarter valued at approximately $59,000. Finally, FTB Advisors Inc. lifted its position in National Instruments by 219.4% during the second quarter. FTB Advisors Inc. now owns 1,495 shares of the technology company’s stock valued at $62,000 after purchasing an additional 1,027 shares during the last quarter. Institutional investors and hedge funds own 79.47% of the company’s stock.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of National Instruments from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. ValuEngine downgraded shares of National Instruments from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank downgraded shares of National Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $49.33.

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.

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