National Instruments Corp (NASDAQ:NATI) insider Scott Arthur Rust sold 3,027 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $40.88, for a total transaction of $123,743.76. Following the completion of the sale, the insider now owns 40,659 shares of the company’s stock, valued at approximately $1,662,139.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NASDAQ:NATI traded down $0.77 on Monday, hitting $39.43. The stock had a trading volume of 417,153 shares, compared to its average volume of 640,897. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 29.43 and a beta of 0.80. National Instruments Corp has a 1 year low of $39.39 and a 1 year high of $51.00.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, May 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.54%. National Instruments’s payout ratio is currently 74.63%.
Several equities research analysts have commented on NATI shares. Zacks Investment Research lowered shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. ValuEngine lowered shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. BidaskClub lowered shares of National Instruments from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 9th. Finally, Deutsche Bank lowered shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $48.50.
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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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