National Instruments Co. (NASDAQ:NATI) Director Sells $229,250.00 in Stock

National Instruments Co. (NASDAQ:NATI) Director Alexander M. Davern sold 5,000 shares of National Instruments stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $45.85, for a total transaction of $229,250.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of NATI opened at $44.55 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.70 and a current ratio of 2.37. National Instruments Co. has a twelve month low of $36.15 and a twelve month high of $47.40. The firm has a 50 day moving average of $42.29. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 111.38 and a beta of 1.10.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, October 28th. The technology company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.24. National Instruments had a net margin of 3.79% and a return on equity of 13.77%. The firm had revenue of $367.20 million for the quarter, compared to analyst estimates of $373.94 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The business’s revenue was up 19.2% on a year-over-year basis. As a group, research analysts forecast that National Instruments Co. will post 1.22 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 29th. Shareholders of record on Monday, November 8th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.42%. This is a positive change from National Instruments’s previous quarterly dividend of $0.25. National Instruments’s payout ratio is presently 270.01%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Liontrust Investment Partners LLP bought a new position in National Instruments in the third quarter valued at approximately $494,000. Gyon Technologies Capital Management LP acquired a new stake in shares of National Instruments in the third quarter valued at approximately $813,000. Captrust Financial Advisors raised its holdings in shares of National Instruments by 14.7% in the third quarter. Captrust Financial Advisors now owns 8,009 shares of the technology company’s stock valued at $314,000 after purchasing an additional 1,027 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of National Instruments by 10.1% in the third quarter. BNP Paribas Arbitrage SA now owns 225,835 shares of the technology company’s stock valued at $8,860,000 after purchasing an additional 20,641 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of National Instruments by 1.1% in the third quarter. Janus Henderson Group PLC now owns 9,990,150 shares of the technology company’s stock valued at $391,913,000 after purchasing an additional 106,198 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

NATI has been the topic of several recent analyst reports. The Goldman Sachs Group raised shares of National Instruments from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $45.00 to $48.00 in a research note on Sunday, September 26th. Zacks Investment Research lowered shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Friday, November 5th.

National Instruments Company Profile

National Instruments Corp. designs, manufactures, and sells systems to engineers and scientists that accelerate productivity, innovation and discovery. The firm products include Labview, TestStand, FlexLogger, Voltage, Temperature, Software Defined Radios, Power Accessories, and Repair Services. It provides application software and modular, multifunction hardware that users combine with industry-standard computers, networks and third party devices to create measurement, automation and embedded systems, which refer as virtual instruments.

Further Reading: Correction

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.