Ladenburg Thalmann Financial Services Inc. lowered its stake in shares of National Instruments Corp (NASDAQ:NATI) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,786 shares of the technology company’s stock after selling 436 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in National Instruments were worth $285,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan grew its holdings in National Instruments by 1.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 20,780 shares of the technology company’s stock valued at $873,000 after purchasing an additional 260 shares in the last quarter. Crawford Investment Counsel Inc. boosted its stake in National Instruments by 0.3% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 91,794 shares of the technology company’s stock valued at $3,854,000 after acquiring an additional 320 shares during the last quarter. First National Bank of Omaha boosted its stake in National Instruments by 8.5% during the 2nd quarter. First National Bank of Omaha now owns 4,955 shares of the technology company’s stock valued at $208,000 after acquiring an additional 390 shares during the last quarter. Dupont Capital Management Corp boosted its stake in National Instruments by 3.3% during the 2nd quarter. Dupont Capital Management Corp now owns 12,464 shares of the technology company’s stock valued at $523,000 after acquiring an additional 400 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in National Instruments by 7.9% during the 2nd quarter. LPL Financial LLC now owns 5,755 shares of the technology company’s stock valued at $242,000 after acquiring an additional 422 shares during the last quarter. 79.49% of the stock is currently owned by institutional investors.
In other National Instruments news, Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $41.21, for a total value of $82,420.00. Following the completion of the sale, the director now directly owns 343,910 shares in the company, valued at $14,172,531.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 11,000 shares of company stock valued at $464,795 over the last quarter. Corporate insiders own 1.79% of the company’s stock.
Shares of National Instruments stock traded up $0.43 during trading hours on Friday, reaching $43.51. The company’s stock had a trading volume of 484,700 shares, compared to its average volume of 626,493. The stock has a market cap of $5.67 billion, a P/E ratio of 32.47 and a beta of 0.89. The company’s 50 day simple moving average is $41.35 and its 200 day simple moving average is $42.09. National Instruments Corp has a one year low of $38.01 and a one year high of $50.26.
National Instruments (NASDAQ:NATI) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $340.44 million during the quarter, compared to analysts’ expectations of $338.95 million. National Instruments had a net margin of 11.90% and a return on equity of 14.73%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.45 earnings per share. Analysts expect that National Instruments Corp will post 1.26 EPS for the current year.
The firm also recently announced a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 7th. National Instruments’s dividend payout ratio (DPR) is presently 74.63%.
About National Instruments
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.
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