National Instruments (NATI) Holdings Boosted by Daiwa Securities Group Inc.


Daiwa Securities Group Inc. raised its position in National Instruments (NASDAQ:NATI) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,355 shares of the technology company’s stock after buying an additional 1,975 shares during the quarter. Daiwa Securities Group Inc. owned about 0.14% of National Instruments worth $9,525,000 at the end of the most recent quarter.


Other hedge funds have also recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB acquired a new stake in shares of National Instruments in the 4th quarter valued at approximately $589,000. MetLife Investment Advisors LLC acquired a new stake in shares of National Instruments in the 4th quarter valued at approximately $2,824,000. Gotham Asset Management LLC acquired a new stake in shares of National Instruments in the 4th quarter valued at approximately $3,440,000. Vident Investment Advisory LLC boosted its stake in shares of National Instruments by 36.3% in the 4th quarter. Vident Investment Advisory LLC now owns 450,078 shares of the technology company’s stock valued at $18,737,000 after purchasing an additional 119,879 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of National Instruments by 74.2% in the 4th quarter. LPL Financial LLC now owns 28,589 shares of the technology company’s stock valued at $1,192,000 after purchasing an additional 12,174 shares in the last quarter. 76.72% of the stock is currently owned by hedge funds and other institutional investors.


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NATI opened at $40.73 on Friday. National Instruments has a 1-year low of $34.15 and a 1-year high of $53.57. The company has a market capitalization of $5,347.86, a PE ratio of 43.33 and a beta of 0.99.

National Instruments (NASDAQ:NATI) last posted its earnings results on Thursday, April 26th. The technology company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.19 by $0.07. National Instruments had a net margin of 4.50% and a return on equity of 11.50%. The business had revenue of $311.90 million for the quarter, compared to the consensus estimate of $322.77 million. During the same period last year, the company earned $0.21 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. sell-side analysts anticipate that National Instruments will post 1.22 earnings per share for the current year.


The firm also recently announced a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Monday, May 14th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, May 11th. This represents a $0.92 annualized dividend and a yield of 2.26%. National Instruments’s dividend payout ratio is presently 97.87%.

In related news, Director James J. Truchard sold 17,500 shares of National Instruments stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $39.86, for a total transaction of $697,550.00. Following the sale, the director now directly owns 6,580,037 shares in the company, valued at approximately $262,280,274.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeffrey L. Kodosky sold 1,600 shares of National Instruments stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $46.39, for a total transaction of $74,224.00. Following the sale, the director now owns 369,271 shares in the company, valued at $17,130,481.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,124,295 shares of company stock worth $56,902,049. 7.98% of the stock is owned by corporate insiders.


A number of equities research analysts have recently weighed in on NATI shares. BidaskClub upgraded shares of National Instruments from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 3rd. Zacks Investment Research downgraded shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. Stifel Nicolaus raised their price target on shares of National Instruments from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. ValuEngine upgraded shares of National Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Robert W. Baird downgraded shares of National Instruments from an “outperform” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Monday, April 2nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $47.75.


About National Instruments

National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.

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

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