Bank of Montreal Can lifted its stake in shares of National Instruments Corp (NASDAQ:NATI) by 91.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,625 shares of the technology company’s stock after purchasing an additional 8,884 shares during the quarter. Bank of Montreal Can’s holdings in National Instruments were worth $776,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in shares of National Instruments by 2.5% during the 3rd quarter. Janus Henderson Group PLC now owns 10,804,219 shares of the technology company’s stock worth $455,616,000 after purchasing an additional 262,578 shares in the last quarter. State Street Corp grew its holdings in shares of National Instruments by 0.4% during the 2nd quarter. State Street Corp now owns 2,822,005 shares of the technology company’s stock worth $113,497,000 after purchasing an additional 10,737 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of National Instruments by 42.0% during the 3rd quarter. American Century Companies Inc. now owns 1,552,368 shares of the technology company’s stock worth $65,463,000 after purchasing an additional 459,209 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of National Instruments by 26.2% during the 3rd quarter. Wells Fargo & Company MN now owns 1,196,710 shares of the technology company’s stock worth $50,465,000 after purchasing an additional 248,656 shares in the last quarter. Finally, Baillie Gifford & Co. grew its holdings in shares of National Instruments by 4.6% during the 3rd quarter. Baillie Gifford & Co. now owns 799,712 shares of the technology company’s stock worth $33,723,000 after purchasing an additional 35,122 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.
Shares of National Instruments Corp (NASDAQ:NATI) traded down $0.43 during mid-day trading on Wednesday, hitting $51.95. The company had a trading volume of 568,690 shares, compared to its average volume of 585,608. National Instruments Corp has a twelve month low of $31.39 and a twelve month high of $53.57. The company has a market cap of $6,964.35, a P/E ratio of 129.88 and a beta of 0.97.
National Instruments (NASDAQ:NATI) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. National Instruments had a return on equity of 10.76% and a net margin of 4.06%. The business had revenue of $349.80 million during the quarter, compared to the consensus estimate of $347.38 million. During the same period in the prior year, the company earned $0.34 EPS. National Instruments’s revenue for the quarter was up 6.3% on a year-over-year basis. sell-side analysts anticipate that National Instruments Corp will post 1.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 5th. Investors of record on Monday, February 12th were given a dividend of $0.23 per share. This is an increase from National Instruments’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Friday, February 9th. National Instruments’s dividend payout ratio is currently 230.01%.
Several analysts have recently issued reports on the company. BidaskClub raised National Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 3rd. ValuEngine raised National Instruments from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Robert W. Baird reissued a “buy” rating on shares of National Instruments in a report on Wednesday, January 31st. Stifel Nicolaus upped their price objective on National Instruments from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research upgraded National Instruments from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.67.
In other National Instruments news, Director Jeffrey L. Kodosky sold 1,600 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $43.77, for a total value of $70,032.00. Following the completion of the transaction, the director now directly owns 8,270,037 shares in the company, valued at $361,979,519.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Charles Roiko sold 1,846 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $50.27, for a total value of $92,798.42. Following the completion of the transaction, the insider now owns 16,207 shares of the company’s stock, valued at $814,725.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 649,866 shares of company stock valued at $32,557,378. 9.92% of the stock is owned by corporate insiders.
National Instruments 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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