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 24th. The stock was sold at an average price of $40.26, for a total transaction of $80,520.00. Following the sale, the director now directly owns 348,910 shares of the company’s stock, valued at approximately $14,047,116.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NATI opened at $39.97 on Wednesday. The stock’s fifty day simple moving average is $40.28. National Instruments Corp has a 52 week low of $38.01 and a 52 week high of $51.00. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 29.83 and a beta of 0.94.

National Instruments (NASDAQ:NATI) last released its earnings results on Tuesday, April 30th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). National Instruments had a return on equity of 15.19% and a net margin of 11.34%. The business had revenue of $311.07 million for the quarter, compared to analyst estimates of $321.25 million. As a group, research analysts anticipate that National Instruments Corp will post 1.34 earnings per share for the current year.



The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Friday, May 10th. National Instruments’s dividend payout ratio (DPR) is 74.63%.

A number of research firms have commented on NATI. Deutsche Bank lowered shares of National Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research raised shares of National Instruments from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, BidaskClub lowered shares of National Instruments from a “sell” rating to a “strong sell” rating in a report on Saturday, March 9th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.50.

Several hedge funds have recently made changes to their positions in the company. Executive Wealth Management LLC acquired a new position in National Instruments in the 4th quarter worth $25,000. Icon Wealth Partners LLC acquired a new position in National Instruments in the 1st quarter worth $49,000. Quadrant Capital Group LLC boosted its stake in 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 worth $49,000 after purchasing an additional 1,110 shares during the period. Financial Gravity Wealth Inc. acquired a new position in National Instruments in the 1st quarter worth $59,000. Finally, Fort L.P. boosted its stake in National Instruments by 21.2% in the 4th quarter. Fort L.P. now owns 1,605 shares of the technology company’s stock worth $73,000 after purchasing an additional 281 shares during the period. 79.51% of the stock is owned by institutional investors.

About National Instruments

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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