Trade Report: The National Instruments Corp. (NATI) Stake Raised by Tower Research Capital LLC TRC

The National Instruments Corp. (NATI) Stake Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its stake in National Instruments Corp. (NASDAQ:NATI) by 643.2% during the second quarter, Holdings Channel reports. The firm owned 4,333 shares of the company’s stock after buying an additional 3,750 shares during the period. Tower Research Capital LLC TRC’s holdings in National Instruments Corp. were worth $119,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of National Instruments Corp. by 15.4% in the first quarter. Wellington Management Group LLP now owns 5,971,443 shares of the company’s stock valued at $179,800,000 after buying an additional 795,525 shares during the period. Riverbridge Partners LLC raised its position in shares of National Instruments Corp. by 13.5% in the second quarter. Riverbridge Partners LLC now owns 4,838,193 shares of the company’s stock valued at $132,566,000 after buying an additional 574,765 shares during the period. Renaissance Technologies LLC raised its position in shares of National Instruments Corp. by 183.4% in the first quarter. Renaissance Technologies LLC now owns 782,166 shares of the company’s stock valued at $23,551,000 after buying an additional 506,166 shares during the period. Baillie Gifford & Co. raised its position in shares of National Instruments Corp. by 159.4% in the second quarter. Baillie Gifford & Co. now owns 522,644 shares of the company’s stock valued at $14,320,000 after buying an additional 321,174 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of National Instruments Corp. by 3.0% in the second quarter. Vanguard Group Inc. now owns 8,371,048 shares of the company’s stock valued at $229,367,000 after buying an additional 240,468 shares during the period. 73.09% of the stock is owned by institutional investors and hedge funds.

National Instruments Corp. (NASDAQ:NATI) opened at 27.77 on Thursday. The company has a market capitalization of $3.57 billion, a P/E ratio of 42.08 and a beta of 1.02. The firm’s 50-day moving average is $27.95 and its 200-day moving average is $28.03. National Instruments Corp. has a 1-year low of $25.90 and a 1-year high of $31.71.

National Instruments Corp. (NASDAQ:NATI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.06. The firm had revenue of $306.10 million for the quarter, compared to analyst estimates of $311.53 million. National Instruments Corp. had a net margin of 6.88% and a return on equity of 9.70%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. Equities research analysts predict that National Instruments Corp. will post $0.71 EPS for the current year.

Several brokerages recently commented on NATI. TheStreet raised shares of National Instruments Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. Zacks Investment Research lowered shares of National Instruments Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, July 30th. Finally, Stifel Nicolaus lowered their price target on shares of National Instruments Corp. from $33.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, July 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $32.00.

National Instruments Corp. Company Profile

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering, which provides an integrated software and hardware platform for measurement and control systems. Its products include reusable hardware and software modules.

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