Federated Hermes Inc. Has $2.25 Million Stock Position in National Instruments Co. (NASDAQ:NATI)

Posted by Defense World Staff on Aug 17th, 2023

Federated Hermes Inc. lowered its position in shares of National Instruments Co. (NASDAQ:NATI – Free Report) by 35.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,973 shares of the technology company’s stock after selling 24,063 shares during the quarter. Federated Hermes Inc.’s holdings in National Instruments were worth $2,252,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NATI. Ameritas Advisory Services LLC acquired a new stake in National Instruments in the 1st quarter valued at about $30,000. Machina Capital S.A.S. acquired a new stake in National Instruments in the 1st quarter valued at about $52,000. Dark Forest Capital Management LP increased its position in National Instruments by 11,536.4% in the 4th quarter. Dark Forest Capital Management LP now owns 1,280 shares of the technology company’s stock valued at $47,000 after acquiring an additional 1,269 shares in the last quarter. Quadrant Capital Group LLC increased its position in National Instruments by 64.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,286 shares of the technology company’s stock valued at $47,000 after acquiring an additional 505 shares in the last quarter. Finally, Fred Alger Management LLC acquired a new stake in National Instruments in the 3rd quarter valued at about $64,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insider Buying and Selling

In related news, EVP Ritu Favre sold 3,494 shares of National Instruments stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $57.70, for a total transaction of $201,603.80. Following the transaction, the executive vice president now owns 39,237 shares of the company’s stock, valued at approximately $2,263,974.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of National Instruments in a research report on Thursday. They issued a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, National Instruments presently has an average rating of “Hold” and an average price target of $52.57.

Get Our Latest Research Report on National Instruments

National Instruments Stock Down 0.5 %

National Instruments stock opened at $58.91 on Thursday. The company’s 50 day simple moving average is $57.77 and its 200 day simple moving average is $55.67. National Instruments Co. has a fifty-two week low of $34.97 and a fifty-two week high of $59.40. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 43.64 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.49 and a quick ratio of 1.54.

National Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.90%. The ex-dividend date is Monday, August 7th. National Instruments’s payout ratio is 82.96%.

National Instruments Profile

(Free Report)

National Instruments Corporation provides a software-centric platform to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging; 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.