State of Wisconsin Investment Board increased its holdings in shares of National Instruments Corporation (NASDAQ:NATI) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,222 shares of the technology company’s stock after buying an additional 620 shares during the quarter. State of Wisconsin Investment Board’s holdings in National Instruments Corporation were worth $854,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in NATI. Fifth Third Bancorp increased its holdings in National Instruments Corporation by 0.9% during the 1st quarter. Fifth Third Bancorp now owns 3,722 shares of the technology company’s stock worth $121,000 after purchasing an additional 32 shares in the last quarter. Quantbot Technologies LP bought a new position in National Instruments Corporation during the 1st quarter worth about $150,000. JPMorgan Chase & Co. increased its holdings in National Instruments Corporation by 21.5% during the 1st quarter. JPMorgan Chase & Co. now owns 4,845 shares of the technology company’s stock worth $158,000 after purchasing an additional 858 shares in the last quarter. Acadian Asset Management LLC increased its holdings in National Instruments Corporation by 1,847.0% during the 1st quarter. Acadian Asset Management LLC now owns 5,919 shares of the technology company’s stock worth $193,000 after purchasing an additional 5,615 shares in the last quarter. Finally, Marathon Trading Investment Management LLC bought a new position in National Instruments Corporation during the 1st quarter worth about $208,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.
In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $42.94, for a total transaction of $85,880.00. Following the completion of the sale, the director now directly owns 384,271 shares of the company’s stock, valued at $16,500,596.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James J. Truchard sold 7,500 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $40.08, for a total transaction of $300,600.00. Following the sale, the director now directly owns 9,023,916 shares of the company’s stock, valued at $361,678,553.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,500 shares of company stock valued at $2,850,075. 9.92% of the stock is currently owned by insiders.
National Instruments Corporation (NASDAQ:NATI) opened at 40.69 on Friday. National Instruments Corporation has a 12-month low of $27.08 and a 12-month high of $43.74. The company has a market cap of $5.31 billion, a PE ratio of 55.06 and a beta of 0.94. The firm’s 50-day moving average price is $40.09 and its 200-day moving average price is $37.28.
National Instruments Corporation (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.08. National Instruments Corporation had a net margin of 8.11% and a return on equity of 9.81%. The firm had revenue of $318.61 million for the quarter, compared to analyst estimates of $321.07 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities research analysts forecast that National Instruments Corporation will post $0.92 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 14th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.84 annualized dividend and a dividend yield of 2.06%. National Instruments Corporation’s dividend payout ratio is currently 107.69%.
NATI has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and set a $46.00 target price on shares of National Instruments Corporation in a report on Sunday, July 30th. BidaskClub cut National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded National Instruments Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.25.
National Instruments Corporation 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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