Kornitzer Capital Management Inc. KS decreased its holdings in National Instruments Co. (NASDAQ: NATI) during the third quarter by 5.2%, as stated in the most recent Form 13F filing that the company has made with the SEC. The institutional investor was left with 395,009 shares of the company’s stock after selling 21,482 shares of the stock of the technology business during the time frame in question. The most recent report filed with the SEC reveals that Kornitzer Capital Management Inc. (KS) owns 0.30 percent of National Instruments’ stock, which currently has a market value of $14,908,000.
As a direct consequence of these alterations, the total number of stock that hedge funds and various other institutional investors own in the company has been modified. During the second quarter, Toth Financial Advisory Corporation purchased an additional stake in National Instruments that was estimated to be worth about $25,000 at the time of the transaction. In the third quarter, Ellevest Inc. increased the amount of National Instruments stock held by 145.7% compared to the previous quarter. Ellevest Inc. has increased its holding in the technology company from 405 to 683 shares over the past three months, resulting in a value increase of $26,000 for the company’s portfolio. During the third quarter, Wipfli Financial Advisors LLC invested in National Instruments for $35,000. First Horizon Advisors, Inc. made a financial investment in National Instruments for $50,000 during the second quarter of the fiscal year. During the second quarter, EverSource Wealth Advisors LLC made a 5,855.2 percent increase in the amount of National Instruments stock it owned, making it the last point on this list. EverSource Wealth Advisors LLC has recently acquired 1,727 shares of the technology company. The current market value of these shares is $54,000. This comes about due to purchasing of an additional 1,698 shares of the company’s stock during the most recent fiscal quarter. Institutional investors own the company’s stock at 90.87 percent.
During trading on Friday, the price of a share of NATI rose by $0.11, bringing it up to $53.88. The company traded sixty-one thousand eight hundred forty-three shares, a significantly lower volume than the typical daily volume of 3,238,367 shares. The company has a price-to-earnings ratio of 51.21, and its beta value comes in at 1.09. The company’s market capitalization is $7.04 billion of NATI rose by $0.11, bringing it up to $53.88. The company traded sixty-one thousand eight hundred forty-three shares, a significantly lower volume than the typical daily volume of 3,238,367 shares. The company has a price-to-earnings ratio of 51.21, and its beta value comes in at 1.09. The market capitalization of the company is $7.04 billion. The stock price has been trading at a moving average of $40.11 over the past 50 trading days, while the price has been trading at an average of $38.81 over the last 200 trading days. There is a ratio of 0.48 debt to equity, a ratio of 1.58 quick ratio to current ratio, and a ratio of 2.45 current ratio to quick ratio, among other possible combinations. National Instruments Co. hit a low point over the past 52 weeks of $29.81, while the company reached a high point over the past 52 weeks of $54.69.
On October 27, the results of National Instruments’ most recent quarterly financial report were made public. The company’s ticker symbol is NASDAQ: NATI. The technology company reported earnings per share of $0.50 for the quarter, which is $0.10 higher than the consensus estimate of $0.40 per share. The company’s revenue for the quarter came in at $427.93 million, which is significantly more than the average expectation of $426.71 million for the amount of revenue that should have been generated. The return on equity for National Instruments came in at 16.91 percent, while the net margin for the company was 8.59 percent. Investors anticipate that National Instruments Co. will generate $1.39 per share earnings this year.
In addition, the company announced the payment of a quarterly dividend on November 28, which was then distributed to shareholders. Investors whose information was already on file received a dividend payment of $0.28 on November 7, which was paid out as a dividend. This past Friday, November 4, was the date customers were required to pay the dividend. This translates to a dividend yield of 2.08% and an annual dividend payment of $1.12 for every share of stock. Currently, 106.67% of National Instruments’ earnings are paid out as dividends to the company’s shareholders.
Many research organizations have produced reports on NATI that have been made public. Jefferies Financial Group announced in a research note published on November 22 and shared with the public that it would begin covering National Instruments. They recommended investing in the company by purchasing its stock and setting a price target of $50. Morgan Stanley has maintained its “overweight” rating on National Instruments shares and set a price objective of $52.00 for the stock. This information was included in a research report that was made public on Tuesday. In a research report published on Friday, October 28, Goldman Sachs Group lowered its “buy” rating and price objective on National Instruments from $49.00 to $44.00. The change was made about the company’s stock. The report was disseminated in every region of the world. The “buy” recommendation that StockNews.com had previously issued for National Instruments was changed to a “hold” rating in a research report made available to the general public on Wednesday. The rating of National Instruments was raised from “c” to “b-” by TheStreet in a research note published on Thursday, October 27. Previously, the company had received a rating of “C.” There are a total of five research analysts who have assigned the company a buy rating, whereas there are only three who have assigned it a hold rating. The information regarding National Instruments obtained from Bloomberg.com indicates that the consensus regarding the company is that it is a “Moderate Buy,” and the average price objective for the company is $48.13.
On November 1, the Executive Vice President Ritu Favre of the company sold a total of 1,437 shares of company stock. This information is relevant to the topic at hand. It was found that the stock was sold at a price that was an average of $38.18 per share, which led to a total transaction volume of 54,864.66 dollars. As a result of the transaction, the executive vice president acquired 38,465 company shares, which have a combined market value of approximately $1,468,593.70. The transaction was described in a document distributed by the SEC and can be viewed on the organization’s website. On November 10, the company’s CEO, Eric Howard Starkoff, sold 800 shares of company stock. This is just one of the latest developments relating to this topic. A total of 32 thousand dollars worth of the stock was traded at an average price of forty dollars per share, resulting in a 32 thousand dollar transaction volume. As a direct result of the transaction, the company’s CEO now owns a total of 286 478 shares, which gives him a stake in the business of approximately $11,459,120. The transaction was described in a document distributed by the SEC and can be viewed on the organization’s website. Ritu Favre, the company’s Executive Vice President, sold an additional 1,437 shares of the company’s stock on November 1. When the shares were sold, the price per share came out to a total of $54,864.66; this equates to an average price of $38.18 per share for the transaction. As a result of the transaction, the executive vice president acquired 38,465 company shares, which have a combined market value of approximately $1,468,593.70. This is where you can find the disclosure that pertains to the sale. During the most recent quarter of the company’s fiscal year, company insiders sold 6,437 shares for a total of $288,351. A total of 0.66% of the company’s shares that company insiders hold.