National Instruments Corp (NATI) Holding Trimmed by ProShare Advisors LLC

National Instruments Corp (NATI) Holding Trimmed by ProShare Advisors LLC

ProShare Advisors LLC decreased its stake in National Instruments Corp (NASDAQ:NATI) by 12.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,404 shares of the technology company’s stock after selling 1,294 shares during the period. ProShare Advisors LLC’s holdings in National Instruments Corp were worth $306,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Credit Agricole S A purchased a new stake in National Instruments Corp during the fourth quarter valued at $130,000. Tyers Asset Management LLC purchased a new stake in National Instruments Corp during the fourth quarter valued at $147,000. Flinton Capital Management LLC purchased a new stake in National Instruments Corp during the fourth quarter valued at $178,000. GSA Capital Partners LLP purchased a new stake in National Instruments Corp during the fourth quarter valued at $231,000. Finally, Capstone Asset Management Co. boosted its stake in National Instruments Corp by 0.6% in the first quarter. Capstone Asset Management Co. now owns 8,398 shares of the technology company’s stock valued at $273,000 after buying an additional 50 shares during the period. Institutional investors own 75.18% of the company’s stock.

National Instruments Corp (NASDAQ:NATI) opened at 38.50 on Friday. National Instruments Corp has a 52 week low of $25.90 and a 52 week high of $38.62. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 54.30 and a beta of 0.91. The company’s 50-day moving average is $35.50 and its 200 day moving average is $32.36.

National Instruments Corp (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, April 27th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $300.10 million during the quarter, compared to the consensus estimate of $300.30 million. National Instruments Corp had a return on equity of 9.67% and a net margin of 7.12%. National Instruments Corp’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. On average, analysts forecast that National Instruments Corp will post $0.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Monday, May 15th will be paid a $0.21 dividend. The ex-dividend date is Thursday, May 11th. This represents a $0.84 dividend on an annualized basis and a yield of 2.18%. National Instruments Corp’s payout ratio is 125.37%.

NATI has been the topic of several research analyst reports. Zacks Investment Research raised shares of National Instruments Corp from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Tuesday, May 2nd. Deutsche Bank AG initiated coverage on shares of National Instruments Corp in a research note on Tuesday, May 16th. They set a “hold” rating and a $34.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $35.75.

In other news, Director James J. Truchard sold 7,500 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $38.36, for a total transaction of $287,700.00. Following the transaction, the director now owns 9,136,416 shares in the company, valued at $350,472,917.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John Charles Roiko sold 1,047 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $38.42, for a total value of $40,225.74. Following the transaction, the vice president now owns 18,248 shares in the company, valued at approximately $701,088.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,354 shares of company stock worth $4,266,814. Insiders own 10.98% of the company’s stock.

About National Instruments Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:NATI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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