National Instruments Corp (NATI) Director Sells $78,608.00 in Stock

Share on StockTwits

National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 1,600 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $49.13, for a total transaction of $78,608.00. Following the transaction, the director now owns 362,145 shares of the company’s stock, valued at approximately $17,792,183.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NATI traded up $0.34 on Tuesday, reaching $49.58. The company had a trading volume of 28,627 shares, compared to its average volume of 814,233. National Instruments Corp has a 1 year low of $38.78 and a 1 year high of $53.57. The stock has a market cap of $6.58 billion, a PE ratio of 52.72 and a beta of 0.98.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, October 25th. The technology company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. National Instruments had a net margin of 5.50% and a return on equity of 14.02%. The firm had revenue of $346.13 million during the quarter, compared to analysts’ expectations of $342.65 million. On average, analysts anticipate that National Instruments Corp will post 1.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be given a $0.23 dividend. The ex-dividend date is Thursday, November 8th. This represents a $0.92 dividend on an annualized basis and a yield of 1.86%. National Instruments’s dividend payout ratio (DPR) is presently 97.87%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stevens Capital Management LP purchased a new stake in shares of National Instruments in the second quarter valued at about $739,000. First Trust Advisors LP raised its holdings in shares of National Instruments by 1,697.8% in the second quarter. First Trust Advisors LP now owns 402,697 shares of the technology company’s stock valued at $16,905,000 after buying an additional 380,297 shares during the last quarter. Swiss National Bank raised its holdings in shares of National Instruments by 6.1% in the second quarter. Swiss National Bank now owns 217,000 shares of the technology company’s stock valued at $9,110,000 after buying an additional 12,400 shares during the last quarter. Eqis Capital Management Inc. raised its holdings in shares of National Instruments by 95.7% in the second quarter. Eqis Capital Management Inc. now owns 22,699 shares of the technology company’s stock valued at $953,000 after buying an additional 11,099 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in shares of National Instruments by 24.0% in the second quarter. Xact Kapitalforvaltning AB now owns 17,560 shares of the technology company’s stock valued at $737,000 after buying an additional 3,400 shares during the last quarter. 76.83% of the stock is owned by hedge funds and other institutional investors.

NATI has been the subject of a number of research reports. Zacks Investment Research raised shares of National Instruments from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a research report on Thursday, November 1st. Deutsche Bank raised shares of National Instruments from a “hold” rating to a “buy” rating and boosted their price target for the company from $45.00 to $50.00 in a research report on Friday, October 26th. Stifel Nicolaus initiated coverage on shares of National Instruments in a research report on Monday, October 22nd. They issued a “hold” rating and a $48.00 price target for the company. BidaskClub cut shares of National Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, TheStreet raised shares of National Instruments from a “c+” rating to a “b” rating in a research report on Friday, July 27th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. National Instruments has an average rating of “Buy” and an average target price of $50.25.

TRADEMARK VIOLATION NOTICE: “National Instruments Corp (NATI) Director Sells $78,608.00 in Stock” was originally reported by Macon Daily and is owned by of Macon Daily. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://macondaily.com/2018/11/06/national-instruments-corp-nati-director-sells-78608-00-in-stock.html.

National Instruments Company Profile

National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.

Featured Article: What is a Tariff?

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.

Leave a Reply