Tower Research Capital LLC TRC Cuts Stock Holdings in National Instruments Corp (NASDAQ:NATI)

Tower Research Capital LLC TRC decreased its holdings in shares of National Instruments Corp (NASDAQ:NATI) by 49.0% during the third quarter, HoldingsChannel reports. The firm owned 1,659 shares of the technology company’s stock after selling 1,592 shares during the period. Tower Research Capital LLC TRC’s holdings in National Instruments were worth $69,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NATI. FTB Advisors Inc. increased its position in National Instruments by 219.4% during the 2nd quarter. FTB Advisors Inc. now owns 1,495 shares of the technology company’s stock valued at $62,000 after purchasing an additional 1,027 shares during the period. Transamerica Financial Advisors Inc. purchased a new position in National Instruments during the 2nd quarter valued at about $120,000. Meeder Asset Management Inc. increased its position in National Instruments by 872.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,637 shares of the technology company’s stock valued at $152,000 after purchasing an additional 3,263 shares during the period. Venturi Wealth Management LLC purchased a new position in National Instruments during the 3rd quarter valued at about $157,000. Finally, ETF Managers Group LLC increased its position in National Instruments by 44.8% during the 2nd quarter. ETF Managers Group LLC now owns 4,144 shares of the technology company’s stock valued at $172,000 after purchasing an additional 1,283 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on NATI shares. ValuEngine raised shares of National Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Susquehanna Bancshares started coverage on shares of National Instruments in a research report on Friday, October 18th. They issued a “neutral” rating and a $40.00 price objective on the stock. Finally, BidaskClub raised shares of National Instruments from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. National Instruments has an average rating of “Hold” and an average target price of $45.00.

In other 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 transaction, the director now owns 343,910 shares of the company’s stock, valued at approximately $14,172,531.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 8,000 shares of company stock worth $335,680. Insiders own 1.79% of the company’s stock.

Shares of National Instruments stock opened at $42.12 on Friday. The firm’s 50 day moving average price is $41.99 and its 200-day moving average price is $41.86. National Instruments Corp has a 52-week low of $38.01 and a 52-week high of $49.78. The company has a market cap of $5.56 billion, a P/E ratio of 31.43 and a beta of 0.89.

National Instruments (NASDAQ:NATI) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. National Instruments had a net margin of 11.90% and a return on equity of 14.73%. The firm had revenue of $340.44 million for the quarter, compared to the consensus estimate of $338.95 million. During the same quarter in the previous year, the firm earned $0.45 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts expect that National Instruments Corp will post 1.26 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 11th will be given a $0.25 dividend. The ex-dividend date is Thursday, November 7th. National Instruments’s payout ratio is currently 74.63%.

National Instruments Profile

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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