Traders Buy High Volume of Call Options on National Instruments (NASDAQ:NATI)

National Instruments Co. (NASDAQ:NATIGet Rating) was the recipient of unusually large options trading activity on Friday. Traders bought 5,090 call options on the company. This is an increase of approximately 707% compared to the typical volume of 631 call options.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NATI. Jefferies Financial Group began coverage on shares of National Instruments in a research note on Tuesday, November 22nd. They set a “buy” rating and a $50.00 target price for the company. Robert W. Baird lifted their target price on shares of National Instruments from $46.00 to $50.00 in a research note on Tuesday. The Goldman Sachs Group decreased their target price on shares of National Instruments from $49.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, October 28th. TheStreet upgraded shares of National Instruments from a “c” rating to a “b-” rating in a report on Thursday, October 27th. Finally, UBS Group assumed coverage on shares of National Instruments in a report on Thursday, October 20th. They set a “neutral” rating and a $43.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.13.

National Instruments Stock Up 0.9 %

National Instruments stock opened at $54.25 on Friday. The company has a market capitalization of $7.08 billion, a P/E ratio of 51.67 and a beta of 1.09. The firm’s fifty day simple moving average is $40.38 and its 200-day simple moving average is $38.98. The company has a current ratio of 2.45, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. National Instruments has a 1-year low of $29.81 and a 1-year high of $55.04.

National Instruments (NASDAQ:NATIGet Rating) last announced its earnings results on Thursday, October 27th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.40 by $0.10. The firm had revenue of $427.93 million for the quarter, compared to the consensus estimate of $426.71 million. National Instruments had a net margin of 8.59% and a return on equity of 16.91%. Sell-side analysts forecast that National Instruments will post 1.39 earnings per share for the current fiscal year.

National Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Monday, November 7th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $1.12 annualized dividend and a yield of 2.06%. National Instruments’s dividend payout ratio (DPR) is presently 106.67%.

Insider Buying and Selling

In related news, EVP Ritu Favre sold 1,437 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $38.18, for a total value of $54,864.66. Following the completion of the transaction, the executive vice president now owns 38,465 shares of the company’s stock, valued at approximately $1,468,593.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other National Instruments news, CEO Eric Howard Starkloff sold 1,200 shares of National Instruments stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $54.40, for a total transaction of $65,280.00. Following the completion of the sale, the chief executive officer now owns 282,278 shares of the company’s stock, valued at approximately $15,355,923.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ritu Favre sold 1,437 shares of National Instruments stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $38.18, for a total transaction of $54,864.66. Following the sale, the executive vice president now directly owns 38,465 shares of the company’s stock, valued at approximately $1,468,593.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,437 shares of company stock valued at $288,351. Company insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new position in National Instruments in the 2nd quarter worth $25,000. Ellevest Inc. raised its holdings in National Instruments by 145.7% in the 3rd quarter. Ellevest Inc. now owns 683 shares of the technology company’s stock worth $26,000 after acquiring an additional 405 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of National Instruments by 225.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 781 shares of the technology company’s stock worth $29,000 after purchasing an additional 541 shares during the period. Altshuler Shaham Ltd bought a new position in shares of National Instruments during the 3rd quarter worth about $33,000. Finally, Wipfli Financial Advisors LLC bought a new position in shares of National Instruments during the 3rd quarter worth about $35,000. Institutional investors own 90.87% of the company’s stock.

National Instruments Company Profile

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National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging of application; NI LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox; and NI Measurement Studio, a suite of .NET tools for building engineering applications in Microsoft Visual Studio.

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