Robeco Institutional Asset Management B.V. purchased a new stake in National Instruments Corp (NASDAQ:NATI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,447 shares of the technology company’s stock, valued at approximately $644,000.
Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation bought a new stake in shares of National Instruments in the 3rd quarter valued at about $129,000. Westwood Holdings Group Inc. bought a new stake in shares of National Instruments in the 2nd quarter valued at about $139,000. JPMorgan Chase & Co. increased its stake in shares of National Instruments by 44.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock valued at $169,000 after acquiring an additional 1,241 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of National Instruments in the 3rd quarter valued at about $204,000. Finally, Jane Street Group LLC bought a new stake in shares of National Instruments in the 3rd quarter valued at about $248,000. 77.85% of the stock is owned by institutional investors.
In related news, CEO Alexander M. Davern sold 11,925 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $50.31, for a total transaction of $599,946.75. Following the completion of the sale, the chief executive officer now directly owns 114,938 shares of the company’s stock, valued at approximately $5,782,530.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Charles Roiko sold 1,846 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $50.27, for a total value of $92,798.42. Following the sale, the insider now directly owns 16,207 shares of the company’s stock, valued at $814,725.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,760 shares of company stock valued at $3,666,150. 9.92% of the stock is owned by company insiders.
National Instruments (NASDAQ:NATI) last posted its earnings results on Tuesday, January 30th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. National Instruments had a return on equity of 10.76% and a net margin of 4.06%. The business had revenue of $349.80 million during the quarter, compared to analysts’ expectations of $347.38 million. During the same period in the prior year, the business earned $0.34 EPS. National Instruments’s revenue for the quarter was up 6.3% compared to the same quarter last year. analysts anticipate that National Instruments Corp will post 1.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 12th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.93%. This is a boost from National Instruments’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, February 9th. National Instruments’s dividend payout ratio is presently 210.01%.
A number of analysts have recently commented on the company. Zacks Investment Research cut National Instruments from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. BidaskClub raised National Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Robert W. Baird reaffirmed a “buy” rating on shares of National Instruments in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus upped their price target on National Instruments from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $46.67.
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National Instruments Profile
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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