National Instruments Corp (NASDAQ:NATI) Plans $0.25 Dividend

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National Instruments Corp (NASDAQ:NATI) declared a dividend on Wednesday, October 23rd, Fidelity reports. Investors of record on Monday, November 11th will be paid a dividend of 0.25 per share by the technology company on Monday, December 2nd. The ex-dividend date of this dividend is Thursday, November 7th.

NATI traded up $0.23 during trading on Tuesday, reaching $43.49. 25,751 shares of the stock were exchanged, compared to its average volume of 434,769. The stock has a market cap of $5.59 billion, a P/E ratio of 32.44 and a beta of 0.89. National Instruments has a twelve month low of $38.01 and a twelve month high of $50.87. The stock’s 50 day moving average price is $41.38 and its two-hundred day moving average price is $42.17.

National Instruments (NASDAQ:NATI) last issued its earnings results on Tuesday, October 29th. The technology company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The business had revenue of $340.44 million for the quarter, compared to the consensus estimate of $338.95 million. National Instruments had a net margin of 11.90% and a return on equity of 14.73%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 earnings per share. On average, equities analysts anticipate that National Instruments will post 1.26 EPS for the current year.

Several research firms have commented on NATI. ValuEngine upgraded shares of National Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Susquehanna Bancshares began coverage on shares of National Instruments in a report on Friday, October 18th. They issued a “neutral” rating and a $40.00 price objective on the stock. BidaskClub downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. Finally, Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. National Instruments currently has a consensus rating of “Hold” and a consensus target price of $45.00.

In other National Instruments news, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $42.81, for a total value of $85,620.00. Following the transaction, the director now directly owns 344,910 shares in the company, valued at $14,765,597.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 11,000 shares of company stock worth $464,795. Corporate insiders own 1.79% of the company’s stock.

National Instruments Company Profile

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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Dividend History for National Instruments (NASDAQ:NATI)

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