Insider Selling: National Instruments (NATI) Director Sells 67,500 Shares of Stock

National Instruments (NASDAQ:NATI) Director James J. Truchard sold 67,500 shares of the company’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $50.63, for a total transaction of $3,417,525.00. Following the completion of the sale, the director now owns 6,755,037 shares of the company’s stock, valued at approximately $342,007,523.31. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of NASDAQ:NATI traded down $0.75 on Tuesday, reaching $49.18. 505,001 shares of the company were exchanged, compared to its average volume of 604,993. National Instruments has a 1-year low of $33.27 and a 1-year high of $53.57. The stock has a market cap of $6,600.85, a PE ratio of 54.10 and a beta of 0.93.

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National Instruments (NASDAQ:NATI) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. National Instruments had a net margin of 4.06% and a return on equity of 10.76%. The business had revenue of $349.80 million for the quarter, compared to analysts’ expectations of $347.38 million. During the same period in the prior year, the company posted $0.34 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. analysts forecast that National Instruments will post 1.23 EPS for the current year.



Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of National Instruments from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Wednesday, March 28th. BidaskClub raised shares of National Instruments from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. ValuEngine raised shares of National Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Robert W. Baird cut shares of National Instruments from an “outperform” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a research note on Monday, April 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of National Instruments from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. National Instruments presently has an average rating of “Buy” and an average target price of $47.75.

Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in National Instruments by 44.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock valued at $169,000 after purchasing an additional 1,241 shares in the last quarter. Magnetar Financial LLC purchased a new position in National Instruments in the 3rd quarter valued at about $204,000. Jane Street Group LLC purchased a new position in National Instruments in the 3rd quarter valued at about $248,000. AMP Capital Investors Ltd purchased a new position in National Instruments in the 3rd quarter valued at about $261,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in National Instruments by 52.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,459 shares of the technology company’s stock valued at $269,000 after purchasing an additional 2,218 shares in the last quarter. Institutional investors and hedge funds own 76.94% of the company’s stock.

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National Instruments Company Profile

National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.

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

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