Texas Permanent School Fund Reduces Holdings in National Instruments Co. (NASDAQ:NATI)

Posted by on May 8th, 2023

Texas Permanent School Fund decreased its holdings in National Instruments Co. (NASDAQ:NATI – Get Rating) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,080 shares of the technology company’s stock after selling 6,081 shares during the quarter. Texas Permanent School Fund owned 0.07% of National Instruments worth $3,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NATI. Ellevest Inc. lifted its holdings in National Instruments by 145.7% during the third quarter. Ellevest Inc. now owns 683 shares of the technology company’s stock valued at $26,000 after purchasing an additional 405 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in National Instruments by 225.4% during the third quarter. Quadrant Capital Group LLC now owns 781 shares of the technology company’s stock valued at $29,000 after purchasing an additional 541 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in National Instruments during the third quarter valued at approximately $33,000. Wipfli Financial Advisors LLC purchased a new position in National Instruments during the third quarter valued at approximately $35,000. Finally, Signaturefd LLC lifted its holdings in National Instruments by 77.0% during the third quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $38,000 after purchasing an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 90.87% of the company’s stock.

National Instruments Stock Up 0.1 %

Shares of NASDAQ:NATI opened at $58.20 on Monday. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 48.10 and a beta of 1.20. The company has a current ratio of 2.06, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $53.69 and a 200 day moving average price of $47.12. National Instruments Co. has a 12-month low of $29.81 and a 12-month high of $58.29.

National Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 9th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, May 8th. National Instruments’s payout ratio is presently 92.56%.

Analysts Set New Price Targets

Several research firms have recently commented on NATI. StockNews.com assumed coverage on shares of National Instruments in a report on Friday. They issued a “buy” rating on the stock. Jefferies Financial Group cut shares of National Instruments from a “buy” rating to a “hold” rating and boosted their price objective for the company from $55.00 to $60.00 in a research report on Friday, April 14th. Robert W. Baird lowered shares of National Instruments from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $50.00 to $55.00 in a research note on Wednesday, February 1st. Susquehanna lowered shares of National Instruments from a “positive” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research note on Thursday, April 13th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 price objective (up from $52.00) on shares of National Instruments in a research note on Thursday, April 13th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $52.57.

National Instruments Profile

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National Instruments Corp. engages in the design, manufacture, and sale of systems to engineers and scientists that accelerate productivity, innovation, and discovery. The firm’s products include Labview, TestStand, FlexLogger, Voltage, Temperature, Software Defined Radios, Power Accessories, and Repair Services.

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

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