Stephens Inc. AR increased its position in shares of National Instruments Co. (NASDAQ:NATI – Get Rating) by 4.9% in Q1, according to its latest 13F filing with the Securities & Exchange Commission. The company held 6,046 shares of the technology company after buying an additional 280 shares during the period. Stephens Inc. AR’s holdings in National Instruments were worth $245,000 at the end of the most recent reporting period.
Several other institutional investors have also increased or reduced their stake in NATI. Virginia Retirement Systems ET AL increased its stake in National Instruments by 65.2% in Q1. Virginia Retirement Systems ET AL now owns 57,500 shares of the technology company worth $2,334,000 after purchasing an additional 22,700 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in National Instruments by 32.5% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 42,258 shares of the tech company worth $1,836,000 after buying an additional 10,358 shares last quarter. Alberta Investment Management Corp bought a new position in National Instruments in Q4 worth $658,000. First Horizon Advisors Inc. increased its stake in National Instruments to 924.2% in the fourth quarter. First Horizon Advisors Inc. now owns 932 shares of the technology company worth $40,000 after buying 841 additional shares in the last quarter. Finally, AlphaCrest Capital Management LLC increased its stake in National Instruments by 21.4% in the 4th quarter. AlphaCrest Capital Management LLC now owns 66,141 shares of the technology company worth $2,888,000 after buying 11,664 additional shares last quarter. Hedge funds and other institutional investors own 89.79% of the company’s shares.
National Instruments Stock Performance
Shares of NATI opened at $39.39 on Friday. National Instruments Co. has a one-year low of $29.81 and a one-year high of $45.98. The company’s 50-day moving average is $33.64 and its 200-day moving average is $36.88. The company has a market capitalization of $5.17 billion, a price/earnings ratio of 50.50 and a beta of 1.17. The company has a debt ratio of 0.41, a quick ratio of 1.57 and a current ratio of 2.49.
National Instruments (NASDAQ:NATI – Get Rating) last reported quarterly earnings data on Thursday, July 28. The tech company reported EPS of $0.36 for the quarter, beating the consensus estimate of $0.34 by $0.02. National Instruments achieved a net margin of 6.71% and a return on equity of 15.63%. The company posted revenue of $395.50 million for the quarter, versus a consensus estimate of $388.98 million. During the same period a year earlier, the company posted EPS of $0.23. National Instruments revenue for the quarter increased 14.1% year-on-year. Sell-side analysts expect National Instruments Co. to post EPS of 1.51 for the current fiscal year.
National Instruments Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 29. Investors of record on Monday August 8 will receive a dividend of $0.28 per share. This represents an annualized dividend of $1.12 and a yield of 2.84%. The ex-date of this dividend is Friday, August 5. National Instruments’ dividend payout ratio (DPR) is 143.59%.
Analysts set new price targets
NATI has been the subject of several research reports. TheStreet downgraded shares of National Instruments from a “b-” rating to a “c+” rating in a Thursday, April 28 report. Goldman Sachs Group lowered its price target on National Instruments shares from $48.00 to $43.00 and set a “buy” rating for the company in a Wednesday, June 1 research note. Finally, JPMorgan Chase & Co. cut its price target on National Instruments shares from $42.00 to $35.00 and set a “neutral” rating for the company in a Thursday, July 14 research note. One equity research analyst gave the stock a hold rating and five gave the company’s stock a buy rating. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $45.60.
In other news, Executive Vice President Jason Elliot Green sold 2,500 shares of the company in a trade dated Tuesday, May 31. The shares were sold at an average price of $34.51, for a total transaction of $86,275.00. Following the sale, the executive vice president now owns 91,908 shares of the company, valued at approximately $3,171,745.08. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. Insiders sold a total of 10,000 shares of the company valued at $366,650 in the past 90 days. 0.64% of the shares are currently held by insiders.
National Instruments Company Profile
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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 for viewing hardware configuration, measurement data, and application debugging; NI LabWindows/CVI, an ANSI C integrated development environment and engineering toolkit; and NI Measurement Studio, a suite of .NET tools for building engineering applications in Microsoft Visual Studio.
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