Rice Hall James & Associates LLC cut its holdings in shares of National Instruments Corp (NASDAQ:NATI) by 3.0% in the second quarter, HoldingsChannel reports. The fund owned 31,748 shares of the technology company’s stock after selling 981 shares during the quarter. Rice Hall James & Associates LLC’s holdings in National Instruments were worth $1,333,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valeo Financial Advisors LLC raised its stake in shares of National Instruments by 261.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,027 shares of the technology company’s stock worth $43,000 after purchasing an additional 743 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of National Instruments in the 1st quarter valued at approximately $49,000. Quadrant Capital Group LLC raised its stake in shares of National Instruments by 2,522.7% in the 1st quarter. Quadrant Capital Group LLC now owns 1,154 shares of the technology company’s stock valued at $49,000 after acquiring an additional 1,110 shares in the last quarter. Financial Gravity Wealth Inc. bought a new position in shares of National Instruments in the 1st quarter valued at approximately $59,000. Finally, ETF Managers Group LLC raised its stake in shares of National Instruments by 8.9% in the 1st quarter. ETF Managers Group LLC now owns 2,861 shares of the technology company’s stock valued at $127,000 after acquiring an additional 235 shares in the last quarter. 79.47% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on NATI shares. Zacks Investment Research downgraded National Instruments from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Deutsche Bank downgraded National Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. ValuEngine downgraded National Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, BidaskClub raised National Instruments from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $49.33.
NATI stock traded up $0.97 during trading on Friday, hitting $42.76. The company had a trading volume of 12,706 shares, compared to its average volume of 818,407. The company has a fifty day moving average price of $43.05 and a two-hundred day moving average price of $43.59. The company has a market cap of $5.79 billion, a P/E ratio of 31.87 and a beta of 0.93. National Instruments Corp has a fifty-two week low of $38.01 and a fifty-two week high of $51.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, August 9th. National Instruments’s dividend payout ratio is currently 74.63%.
National Instruments Profile
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.
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