National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $43.04, for a total transaction of $21,520.00. Following the sale, the director now owns 338,410 shares of the company’s stock, valued at $14,565,166.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
National Instruments stock traded down $0.08 during midday trading on Tuesday, reaching $42.85. The stock had a trading volume of 18,480 shares, compared to its average volume of 574,548. The firm’s fifty day simple moving average is $41.53 and its two-hundred day simple moving average is $41.91. National Instruments Corp has a twelve month low of $38.01 and a twelve month high of $49.92. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 31.93 and a beta of 0.89.
National Instruments (NASDAQ:NATI) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. National Instruments had a net margin of 11.90% and a return on equity of 14.73%. The firm had revenue of $340.44 million during the quarter, compared to analyst estimates of $338.95 million. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue was down 1.6% on a year-over-year basis. As a group, research analysts predict that National Instruments Corp will post 1.26 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. boosted its stake in National Instruments by 0.6% in the 2nd quarter. Baillie Gifford & Co. now owns 838,268 shares of the technology company’s stock worth $35,199,000 after purchasing an additional 5,001 shares during the period. Retirement Systems of Alabama boosted its stake in National Instruments by 30.1% in the 3rd quarter. Retirement Systems of Alabama now owns 404,295 shares of the technology company’s stock worth $16,976,000 after purchasing an additional 93,502 shares during the period. Bank of Nova Scotia boosted its stake in National Instruments by 5.7% in the 2nd quarter. Bank of Nova Scotia now owns 12,678 shares of the technology company’s stock worth $532,000 after purchasing an additional 678 shares during the period. JPMorgan Chase & Co. boosted its stake in National Instruments by 57.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 312,094 shares of the technology company’s stock worth $12,952,000 after purchasing an additional 113,877 shares during the period. Finally, Veritable L.P. boosted its stake in National Instruments by 30.5% in the 2nd quarter. Veritable L.P. now owns 6,425 shares of the technology company’s stock worth $270,000 after purchasing an additional 1,500 shares during the period. 79.78% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on NATI. BidaskClub upgraded shares of National Instruments from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. ValuEngine upgraded shares of National Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Zacks Investment Research cut shares of National Instruments from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. Finally, Susquehanna Bancshares began coverage on shares of National Instruments in a report on Friday, October 18th. They set a “neutral” rating and a $40.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $45.00.
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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