American Century Companies Inc. lifted its stake in National Instruments Corporation (NASDAQ:NATI) by 42.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,552,368 shares of the technology company’s stock after buying an additional 459,209 shares during the period. American Century Companies Inc. owned approximately 1.19% of National Instruments Corporation worth $65,463,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC purchased a new position in National Instruments Corporation during the 2nd quarter valued at about $423,984,000. Vanguard Group Inc. boosted its position in National Instruments Corporation by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,588,543 shares of the technology company’s stock valued at $385,651,000 after acquiring an additional 138,121 shares in the last quarter. William Blair Investment Management LLC bought a new stake in National Instruments Corporation during the 2nd quarter valued at approximately $115,152,000. State Street Corp boosted its position in National Instruments Corporation by 0.4% during the 2nd quarter. State Street Corp now owns 2,822,005 shares of the technology company’s stock valued at $113,497,000 after acquiring an additional 10,737 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in National Instruments Corporation by 2.4% during the 2nd quarter. King Luther Capital Management Corp now owns 1,955,530 shares of the technology company’s stock valued at $78,651,000 after acquiring an additional 46,678 shares in the last quarter. Hedge funds and other institutional investors own 80.48% of the company’s stock.
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In related news, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $38.85, for a total value of $77,700.00. Following the transaction, the director now directly owns 382,271 shares of the company’s stock, valued at approximately $14,851,228.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $40.08, for a total value of $300,600.00. Following the completion of the transaction, the director now directly owns 9,023,916 shares in the company, valued at $361,678,553.28. The disclosure for this sale can be found here. Insiders sold a total of 1,049,662 shares of company stock worth $45,743,688 over the last ninety days. 9.92% of the stock is currently owned by insiders.
Shares of National Instruments Corporation (NASDAQ:NATI) opened at $44.91 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.22 and a quick ratio of 2.53. National Instruments Corporation has a 12-month low of $28.36 and a 12-month high of $46.33. The company has a market capitalization of $5,871.76, a P/E ratio of 51.03 and a beta of 0.94.
National Instruments Corporation (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $319.78 million. National Instruments Corporation had a return on equity of 10.16% and a net margin of 8.72%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. research analysts predict that National Instruments Corporation will post 0.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be given a $0.21 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.84 annualized dividend and a yield of 1.87%. National Instruments Corporation’s dividend payout ratio (DPR) is presently 100.00%.
Several analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $46.00 price objective on shares of National Instruments Corporation in a research report on Sunday, October 29th. Zacks Investment Research cut National Instruments Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, BidaskClub cut National Instruments Corporation from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.25.
National Instruments Corporation 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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