Insider Selling: National Instruments Corp (NATI) Insider Sells 1,179 Shares of Stock

National Instruments Corp (NASDAQ:NATI) insider John Charles Roiko sold 1,179 shares of the stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $49.28, for a total value of $58,101.12. Following the completion of the sale, the insider now directly owns 19,419 shares of the company’s stock, valued at approximately $956,968.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

John Charles Roiko also recently made the following trade(s):

  • On Wednesday, August 29th, John Charles Roiko sold 1,388 shares of National Instruments stock. The shares were sold at an average price of $47.33, for a total value of $65,694.04.
  • On Thursday, August 16th, John Charles Roiko sold 1,947 shares of National Instruments stock. The shares were sold at an average price of $44.99, for a total value of $87,595.53.

NASDAQ NATI opened at $49.69 on Friday. National Instruments Corp has a one year low of $38.78 and a one year high of $53.57. The company has a market cap of $6.56 billion, a P/E ratio of 52.86 and a beta of 0.98.

National Instruments (NASDAQ:NATI) last released its earnings results on Thursday, October 25th. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. National Instruments had a return on equity of 14.02% and a net margin of 5.50%. The business had revenue of $346.13 million during the quarter, compared to analysts’ expectations of $342.65 million. Analysts forecast that National Instruments Corp will post 1.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.92 annualized dividend and a yield of 1.85%. National Instruments’s dividend payout ratio is currently 97.87%.

Several equities research analysts have recently weighed in on NATI shares. Zacks Investment Research raised National Instruments from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Saturday, September 29th. BidaskClub raised National Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, August 30th. Robert W. Baird decreased their target price on National Instruments from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, July 30th. Deutsche Bank raised National Instruments from a “hold” rating to a “buy” rating and raised their target price for the stock from $45.00 to $50.00 in a research note on Friday, October 26th. Finally, Stifel Nicolaus initiated coverage on National Instruments in a research note on Monday, October 22nd. They set a “hold” rating and a $48.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $50.25.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stevens Capital Management LP acquired a new stake in National Instruments during the second quarter worth approximately $739,000. Swiss National Bank boosted its holdings in National Instruments by 6.1% in the second quarter. Swiss National Bank now owns 217,000 shares of the technology company’s stock worth $9,110,000 after acquiring an additional 12,400 shares in the last quarter. First Trust Advisors LP boosted its holdings in 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 worth $16,905,000 after acquiring an additional 380,297 shares in the last quarter. Eqis Capital Management Inc. boosted its holdings in National Instruments by 95.7% in the second quarter. Eqis Capital Management Inc. now owns 22,699 shares of the technology company’s stock worth $953,000 after acquiring an additional 11,099 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its holdings in National Instruments by 24.0% in the second quarter. Xact Kapitalforvaltning AB now owns 17,560 shares of the technology company’s stock worth $737,000 after acquiring an additional 3,400 shares in the last quarter. 76.83% of the stock is owned by institutional investors and hedge funds.

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About National Instruments

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.

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