Mission Wealth Management LP Buys 842 Shares of National Instruments Corp (NASDAQ:NATI)

Mission Wealth Management LP boosted its stake in shares of National Instruments Corp (NASDAQ:NATI) by 18.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,312 shares of the technology company’s stock after purchasing an additional 842 shares during the quarter. Mission Wealth Management LP’s holdings in National Instruments were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in National Instruments by 6.4% in the first quarter. BlackRock Inc. now owns 12,365,543 shares of the technology company’s stock worth $548,534,000 after acquiring an additional 740,064 shares in the last quarter. Vanguard Group Inc boosted its holdings in National Instruments by 3.0% in the third quarter. Vanguard Group Inc now owns 11,334,275 shares of the technology company’s stock worth $547,785,000 after acquiring an additional 328,378 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in National Instruments by 4,438.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,923,976 shares of the technology company’s stock worth $42,000 after acquiring an additional 1,881,579 shares in the last quarter. Geode Capital Management LLC boosted its holdings in National Instruments by 14.8% in the fourth quarter. Geode Capital Management LLC now owns 1,347,314 shares of the technology company’s stock worth $61,141,000 after acquiring an additional 173,357 shares in the last quarter. Finally, Praesidium Investment Management Company LLC boosted its holdings in National Instruments by 0.9% in the fourth quarter. Praesidium Investment Management Company LLC now owns 1,144,585 shares of the technology company’s stock worth $51,941,000 after acquiring an additional 9,957 shares in the last quarter. 79.52% of the stock is currently owned by institutional investors.

National Instruments stock opened at $39.89 on Friday. National Instruments Corp has a 52 week low of $38.01 and a 52 week high of $51.00. The stock has a market cap of $5.26 billion, a P/E ratio of 29.77 and a beta of 0.94.

National Instruments (NASDAQ:NATI) last released its earnings results on Tuesday, April 30th. The technology company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). National Instruments had a return on equity of 15.19% and a net margin of 11.34%. The firm had revenue of $311.07 million for the quarter, compared to analyst estimates of $321.25 million. Analysts expect that National Instruments Corp will post 1.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, May 10th. National Instruments’s dividend payout ratio (DPR) is 74.63%.

Several brokerages have weighed in on NATI. Deutsche Bank downgraded National Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. BidaskClub downgraded National Instruments from a “sell” rating to a “strong sell” rating in a report on Saturday, March 9th. Finally, Zacks Investment Research raised National Instruments from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $48.50.

In related news, insider Scott Arthur Rust sold 3,027 shares of National Instruments stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $40.88, for a total transaction of $123,743.76. Following the completion of the transaction, the insider now directly owns 40,659 shares in the company, valued at $1,662,139.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $38.56, for a total value of $77,120.00. Following the transaction, the director now owns 350,410 shares of the company’s stock, valued at $13,511,809.60. The disclosure for this sale can be found here. Insiders have sold 22,527 shares of company stock valued at $975,089 in the last ninety days. Corporate insiders own 1.79% of the company’s stock.

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

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