Jeffrey L. Kodosky Sells 2,000 Shares of National Instruments Corp (NASDAQ:NATI) Stock

National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $38.56, for a total transaction of $77,120.00. Following the completion of the transaction, the director now directly owns 350,410 shares in the company, valued at $13,511,809.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:NATI traded up $0.49 during mid-day trading on Friday, hitting $41.99. The company’s stock had a trading volume of 3,064,300 shares, compared to its average volume of 650,302. National Instruments Corp has a 1 year low of $38.01 and a 1 year high of $51.00. The company has a market capitalization of $5.39 billion, a PE ratio of 31.34 and a beta of 0.94. The business’s fifty day moving average price is $40.22.

National Instruments (NASDAQ:NATI) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The business had revenue of $311.07 million during the quarter, compared to analysts’ expectations of $321.25 million. National Instruments had a net margin of 11.34% and a return on equity of 15.19%. On average, analysts forecast that National Instruments Corp will post 1.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.38%. National Instruments’s dividend payout ratio (DPR) is currently 74.63%.

NATI has been the topic of a number of research analyst reports. BidaskClub raised shares of National Instruments from a “strong sell” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised shares of National Instruments from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Deutsche Bank lowered shares of National Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.50.

Several institutional investors have recently modified their holdings of NATI. First Trust Advisors LP boosted its position in shares of National Instruments by 1,225.5% during the 1st quarter. First Trust Advisors LP now owns 81,984 shares of the technology company’s stock worth $3,637,000 after purchasing an additional 75,799 shares during the period. Marshall Wace LLP purchased a new position in shares of National Instruments during the 1st quarter worth approximately $4,223,000. Mission Wealth Management LP boosted its position in shares of National Instruments by 18.8% during the 1st quarter. Mission Wealth Management LP now owns 5,312 shares of the technology company’s stock worth $236,000 after purchasing an additional 842 shares during the period. Summit Global Investments boosted its position in shares of National Instruments by 58.1% during the 1st quarter. Summit Global Investments now owns 225,315 shares of the technology company’s stock worth $9,995,000 after purchasing an additional 82,845 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of National Instruments by 40.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 628,283 shares of the technology company’s stock worth $27,871,000 after purchasing an additional 179,965 shares during the period. Institutional investors and hedge funds own 79.51% of the company’s stock.

National Instruments Company 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.

Featured Story: Percentage Decliners

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

Receive News & Ratings for National Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Instruments and related companies with MarketBeat.com's FREE daily email newsletter.