King Luther Capital Management Corp decreased its holdings in shares of National Instruments Corporation (NASDAQ:NATI) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,941,450 shares of the technology company’s stock after selling 14,080 shares during the quarter. King Luther Capital Management Corp owned about 1.48% of National Instruments worth $81,871,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NATI. JPMorgan Chase & Co. grew its position in shares of National Instruments by 21.5% during the 1st quarter. JPMorgan Chase & Co. now owns 4,845 shares of the technology company’s stock worth $158,000 after buying an additional 858 shares during the period. Dimensional Fund Advisors LP boosted its stake in National Instruments by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 698,540 shares of the technology company’s stock worth $22,745,000 after acquiring an additional 29,159 shares during the last quarter. Capstone Asset Management Co. boosted its stake in National Instruments by 1.0% during the 2nd quarter. Capstone Asset Management Co. now owns 8,478 shares of the technology company’s stock worth $341,000 after acquiring an additional 80 shares during the last quarter. Bank of Montreal Can boosted its stake in National Instruments by 16.0% during the 2nd quarter. Bank of Montreal Can now owns 11,888 shares of the technology company’s stock worth $478,000 after acquiring an additional 1,636 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in National Instruments by 10.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 73,980 shares of the technology company’s stock worth $2,976,000 after acquiring an additional 7,261 shares during the last quarter. Institutional investors own 78.05% of the company’s stock.

National Instruments Corporation (NATI) opened at $42.47 on Tuesday. National Instruments Corporation has a one year low of $29.64 and a one year high of $46.33. The firm has a market cap of $5,718.79, a P/E ratio of 49.71 and a beta of 0.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.53 and a current ratio of 3.22.

National Instruments (NASDAQ:NATI) last released its quarterly earnings data on Thursday, October 26th. The technology company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. National Instruments had a net margin of 8.72% and a return on equity of 10.16%. The business had revenue of $320.90 million for the quarter, compared to analyst estimates of $319.78 million. During the same quarter last year, the firm earned $0.25 EPS. National Instruments’s quarterly revenue was up 4.7% compared to the same quarter last year. analysts forecast that National Instruments Corporation will post 0.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 13th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Friday, November 10th. National Instruments’s payout ratio is currently 100.00%.

In other National Instruments news, Director James J. Truchard sold 985,162 shares of National Instruments stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $43.66, for a total value of $43,012,172.92. Following the transaction, the director now owns 8,345,037 shares of the company’s stock, valued at $364,344,315.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James J. Truchard sold 7,500 shares of National Instruments stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $40.08, for a total transaction of $300,600.00. Following the completion of the transaction, the director now directly owns 9,023,916 shares in the company, valued at approximately $361,678,553.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,053,651 shares of company stock worth $45,960,244. Insiders own 9.92% of the company’s stock.

Several research firms recently weighed in on NATI. Stifel Nicolaus reissued a “buy” rating on shares of National Instruments in a research note on Tuesday, September 26th. Zacks Investment Research lowered shares of National Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. National Instruments presently has a consensus rating of “Hold” and an average target price of $40.25.

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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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Institutional Ownership by Quarter for National Instruments (NASDAQ:NATI)

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