National Instruments Corp (NASDAQ:NATI) insider John Charles Roiko sold 1,846 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $50.27, for a total value of $92,798.42. Following the transaction, the insider now owns 16,207 shares of the company’s stock, valued at $814,725.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
John Charles Roiko also recently made the following trade(s):
- On Wednesday, November 15th, John Charles Roiko sold 489 shares of National Instruments stock. The stock was sold at an average price of $44.45, for a total value of $21,736.05.
National Instruments Corp (NASDAQ:NATI) traded down $0.23 on Monday, reaching $46.12. The company’s stock had a trading volume of 802,700 shares, compared to its average volume of 573,702. National Instruments Corp has a fifty-two week low of $31.39 and a fifty-two week high of $50.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.64. The company has a market cap of $6,029.96, a price-to-earnings ratio of 49.59 and a beta of 1.03.
National Instruments (NASDAQ:NATI) last posted its earnings results on Tuesday, January 30th. The technology company reported $0.35 earnings per share 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 firm had revenue of $349.80 million for the quarter, compared to the consensus estimate of $347.38 million. During the same quarter in the prior year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. analysts anticipate that National Instruments Corp will post 1.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 12th will be issued a dividend of $0.23 per share. This is an increase from National Instruments’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, February 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.99%. National Instruments’s dividend payout ratio is 210.01%.
Several institutional investors have recently bought and sold shares of the stock. Citigroup Inc. grew its stake in shares of National Instruments by 2.7% in the 2nd quarter. Citigroup Inc. now owns 9,808 shares of the technology company’s stock worth $395,000 after buying an additional 256 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of National Instruments by 1.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 31,801 shares of the technology company’s stock worth $1,279,000 after buying an additional 491 shares during the last quarter. Advisor Group Inc. grew its stake in shares of National Instruments by 10.6% in the 2nd quarter. Advisor Group Inc. now owns 10,953 shares of the technology company’s stock worth $441,000 after buying an additional 1,054 shares during the last quarter. JPMorgan Chase & Co. grew 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 worth $169,000 after buying an additional 1,241 shares during the last quarter. Finally, American International Group Inc. boosted its stake in National Instruments by 0.6% during the 3rd quarter. American International Group Inc. now owns 218,908 shares of the technology company’s stock valued at $9,231,000 after purchasing an additional 1,391 shares during the last quarter. Institutional investors own 77.95% of the company’s stock.
Several equities analysts recently commented on the company. Zacks Investment Research cut National Instruments from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. BidaskClub upgraded National Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Robert W. Baird reiterated a “buy” rating on shares of National Instruments in a report on Wednesday, January 31st. Finally, Stifel Nicolaus upped their price objective on National Instruments from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $46.67.
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National Instruments Company 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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