James J. Truchard Sells 67,500 Shares of National Instruments Corp (NATI) Stock

National Instruments Corp (NASDAQ:NATI) Director James J. Truchard sold 67,500 shares of the company’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $50.63, for a total transaction of $3,417,525.00. Following the completion of the sale, the director now directly owns 6,755,037 shares of the company’s stock, valued at $342,007,523.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ NATI traded up $0.58 during trading hours on Tuesday, hitting $51.08. 454,885 shares of the stock were exchanged, compared to its average volume of 616,209. The stock has a market capitalization of $6,631.03, a P/E ratio of 54.34 and a beta of 0.93. National Instruments Corp has a 12-month low of $32.22 and a 12-month high of $53.57.

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National Instruments (NASDAQ:NATI) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $349.80 million during the quarter, compared to analysts’ expectations of $347.38 million. National Instruments had a net margin of 4.06% and a return on equity of 10.76%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. equities research analysts predict that National Instruments Corp will post 1.23 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Amalgamated Bank grew its position in National Instruments by 5.5% during the fourth quarter. Amalgamated Bank now owns 22,191 shares of the technology company’s stock worth $924,000 after buying an additional 1,150 shares during the period. Meadow Creek Investment Management LLC grew its position in National Instruments by 22.3% during the fourth quarter. Meadow Creek Investment Management LLC now owns 6,752 shares of the technology company’s stock worth $281,000 after buying an additional 1,232 shares during the period. JPMorgan Chase & Co. grew its position in National Instruments by 44.5% during the third quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock worth $169,000 after buying an additional 1,241 shares during the period. Profund Advisors LLC grew its position in National Instruments by 11.8% during the fourth quarter. Profund Advisors LLC now owns 13,369 shares of the technology company’s stock worth $557,000 after buying an additional 1,413 shares during the period. Finally, Hanseatic Management Services Inc. grew its position in National Instruments by 22.4% during the fourth quarter. Hanseatic Management Services Inc. now owns 9,084 shares of the technology company’s stock worth $378,000 after buying an additional 1,661 shares during the period. Institutional investors own 76.94% of the company’s stock.

NATI has been the subject of several analyst reports. Zacks Investment Research raised shares of National Instruments from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Thursday, December 28th. BidaskClub raised shares of National Instruments from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Stifel Nicolaus increased their price target on shares of National Instruments from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Robert W. Baird reissued a “buy” rating on shares of National Instruments in a report on Wednesday, January 31st. Finally, ValuEngine raised shares of National Instruments from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $47.75.

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About National Instruments

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.

Insider Buying and Selling by Quarter for National Instruments (NASDAQ:NATI)

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