Oppenheimer Asset Management Inc. Lowers Holdings in National Instruments Corporation (NATI)

Oppenheimer Asset Management Inc. decreased its stake in National Instruments Corporation (NASDAQ:NATI) by 34.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,616 shares of the technology company’s stock after selling 54,469 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.08% of National Instruments worth $4,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NATI. Westwood Holdings Group Inc. purchased a new stake in shares of National Instruments in the second quarter worth about $139,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of National Instruments by 6.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock worth $163,000 after buying an additional 241 shares during the period. JPMorgan Chase & Co. boosted its position in shares of National Instruments by 44.5% in the third quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock worth $169,000 after buying an additional 1,241 shares during the period. Magnetar Financial LLC purchased a new stake in shares of National Instruments in the third quarter worth about $204,000. Finally, AMP Capital Investors Ltd purchased a new stake in shares of National Instruments in the third quarter worth about $261,000. 78.05% of the stock is owned by institutional investors.

NATI has been the subject of several analyst reports. Zacks Investment Research downgraded National Instruments from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $46.00 target price on shares of National Instruments in a research report on Sunday, October 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. National Instruments has a consensus rating of “Hold” and a consensus target price of $40.25.

In related news, Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $45.19, for a total value of $90,380.00. Following the completion of the transaction, the director now owns 8,337,537 shares of the company’s stock, valued at $376,773,297.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James J. Truchard sold 7,500 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $40.08, for a total value of $300,600.00. Following the completion of the transaction, the director now directly owns 9,023,916 shares of the company’s stock, valued at approximately $361,678,553.28. The disclosure for this sale can be found here. Insiders sold 1,061,151 shares of company stock valued at $46,279,144 in the last three months. 9.92% of the stock is currently owned by company insiders.

Shares of National Instruments Corporation (NASDAQ:NATI) opened at $42.96 on Friday. National Instruments Corporation has a 1 year low of $29.80 and a 1 year high of $46.33. The company has a quick ratio of 2.53, a current ratio of 3.22 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $5,620.00, a PE ratio of 48.34 and a beta of 0.93.

National Instruments (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $320.90 million during the quarter, compared to the consensus estimate of $319.78 million. National Instruments had a return on equity of 10.16% and a net margin of 8.72%. National Instruments’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 earnings per share. research analysts expect that National Instruments Corporation will post 0.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 13th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Friday, November 10th. National Instruments’s dividend payout ratio is currently 103.70%.

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About National Instruments

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.

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

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