National Instruments Corp (NASDAQ:NATI) Director James J. Truchard sold 2,500 shares of National Instruments Corp stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $32.24, for a total transaction of $80,600.00. Following the completion of the sale, the director now owns 9,258,916 shares in the company, valued at $298,507,451.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of National Instruments Corp (NASDAQ:NATI) traded down 0.06% during mid-day trading on Thursday, reaching $31.89. 101,717 shares of the company traded hands. The stock’s 50 day moving average is $32.28 and its 200 day moving average is $30.48. National Instruments Corp has a 52-week low of $25.90 and a 52-week high of $32.91. The stock has a market capitalization of $4.13 billion, a PE ratio of 49.83 and a beta of 0.91.
National Instruments Corp (NASDAQ:NATI) last released its earnings results on Thursday, January 26th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The firm earned $329 million during the quarter, compared to analysts’ expectations of $340.61 million. National Instruments Corp had a net margin of 7.12% and a return on equity of 9.67%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. On average, analysts anticipate that National Instruments Corp will post $0.94 earnings per share for the current year.
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Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of National Instruments Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th. Stifel Nicolaus lifted their price objective on shares of National Instruments Corp from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, January 27th. Finally, Robert W. Baird upgraded shares of National Instruments Corp from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $32.00 to $35.00 in a research report on Thursday, December 22nd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $32.67.
A number of institutional investors have recently added to or reduced their stakes in the stock. Janus Capital Management LLC boosted its position in National Instruments Corp by 11.6% in the fourth quarter. Janus Capital Management LLC now owns 10,923,681 shares of the company’s stock valued at $336,668,000 after buying an additional 1,133,489 shares during the last quarter. Norges Bank bought a new position in National Instruments Corp during the fourth quarter valued at approximately $25,541,000. Riverbridge Partners LLC boosted its position in National Instruments Corp by 15.3% in the third quarter. Riverbridge Partners LLC now owns 5,577,134 shares of the company’s stock valued at $158,391,000 after buying an additional 738,941 shares during the last quarter. FMR LLC boosted its position in National Instruments Corp by 1,281.9% in the fourth quarter. FMR LLC now owns 576,254 shares of the company’s stock valued at $17,760,000 after buying an additional 534,554 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in National Instruments Corp by 11.7% in the third quarter. BlackRock Fund Advisors now owns 3,981,145 shares of the company’s stock valued at $113,065,000 after buying an additional 415,783 shares during the last quarter. Hedge funds and other institutional investors own 75.18% of the company’s stock.
About National Instruments Corp
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.
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