Gerhard Paul Fettweis Sells 491 Shares of National Instruments Co. (NASDAQ:NATI) Stock

National Instruments Co. (NASDAQ:NATIGet Rating) Director Gerhard Paul Fettweis sold 491 shares of the stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $36.14, for a total value of $17,744.74. Following the transaction, the director now directly owns 29,076 shares of the company’s stock, valued at approximately $1,050,806.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of National Instruments stock opened at $34.82 on Friday. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 42.46 and a beta of 1.09. National Instruments Co. has a fifty-two week low of $33.19 and a fifty-two week high of $45.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.24. The stock has a 50 day moving average of $39.22 and a 200 day moving average of $41.09.

National Instruments (NASDAQ:NATIGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.12). The business had revenue of $385.26 million during the quarter, compared to analysts’ expectations of $402.73 million. National Instruments had a return on equity of 15.52% and a net margin of 7.24%. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 earnings per share. Analysts forecast that National Instruments Co. will post 1.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 9th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.22%. This is a positive change from National Instruments’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, May 6th. National Instruments’s dividend payout ratio is presently 136.59%.

NATI has been the subject of a number of research analyst reports. Susquehanna raised National Instruments from a “neutral” rating to a “positive” rating and increased their target price for the company from $48.00 to $50.00 in a report on Friday, January 28th. TheStreet lowered National Instruments from a “b-” rating to a “c+” rating in a research report on Thursday, April 28th. Susquehanna Bancshares upgraded National Instruments from a “neutral” rating to a “positive” rating and upped their price target for the company from $48.00 to $50.00 in a research report on Friday, January 28th. StockNews.com started coverage on National Instruments in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Zacks Investment Research lowered National Instruments from a “buy” rating to a “hold” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $48.33.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of National Instruments by 1.7% during the fourth quarter. BlackRock Inc. now owns 11,218,802 shares of the technology company’s stock worth $489,925,000 after buying an additional 190,648 shares during the period. Janus Henderson Group PLC boosted its position in shares of National Instruments by 1.1% during the third quarter. Janus Henderson Group PLC now owns 9,990,150 shares of the technology company’s stock worth $391,913,000 after buying an additional 106,198 shares during the period. William Blair Investment Management LLC boosted its position in shares of National Instruments by 2.7% during the fourth quarter. William Blair Investment Management LLC now owns 4,391,377 shares of the technology company’s stock worth $191,771,000 after buying an additional 117,013 shares during the period. State Street Corp boosted its position in shares of National Instruments by 2.7% during the fourth quarter. State Street Corp now owns 3,442,682 shares of the technology company’s stock worth $150,342,000 after buying an additional 91,216 shares during the period. Finally, Sarasin & Partners LLP raised its stake in shares of National Instruments by 2.5% in the first quarter. Sarasin & Partners LLP now owns 3,346,719 shares of the technology company’s stock valued at $135,843,000 after acquiring an additional 80,932 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

National Instruments Company Profile (Get Rating)

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging of application; NI LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox; and NI Measurement Studio, a suite of .NET tools for building engineering applications in Microsoft Visual Studio.

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