As of the recent 13F filing with the Securities and Exchange Commission (SEC), Nordea Investment Management AB has disclosed that it has trimmed its holdings in shares of National Instruments Co. (NASDAQ:NATI) by 4.9% during the fourth quarter. This resulted in them selling approximately 8,693 shares, bringing their total ownership down to 168,142 shares of the technology giant. At the end of the reporting period, Nordea Investment Management AB owned about 0.13% of National Instruments’ total worth which totaled $6,166,000.
National Instruments Corp. is known for its innovative and cutting-edge designs that accelerate productivity and discovery to various engineers and scientists worldwide. Their renowned products include Labview, TestStand, FlexLogger, Voltage, Temperature, Software Defined Radios, Power Accessories and Repair Services that pave the way for ease and efficiency.
On a positive note, investors will be excited to learn that National Instruments recently announced a quarterly dividend payment on May 31st. Shareholders who were on record as of May 9th will receive a dividend of $0.28 per share which reflects an annualized payout rate of $1.12 per share thereby providing a solid dividend yield at 1.93%. Ex-dividend date for this payment was on Monday, May 8th with a presently high dividend payout ratio (DPR) rated at 92.56%.
In conclusion, investment firms such as Nordea are always looking for opportunities to maximize profits while minimizing losses through prudent financial management strategies such as those reflected in recent reports filed with SEC by National Instruments Corp – highlighting various growth potential areas critical for sound investments choices today!
National Instruments Co. Stock: A Tumultuous Journey
On May 11th, 2023, National Instruments Co. (NATI) opened at a price of $58.10, and the technology company’s stock has had quite an eventful journey since then. In the third quarter of the previous year, several hedge funds made changes in their positions in NATI. Ieq Capital LLC increased its holdings by 59.9%, KLCM Advisors Inc. grew its holdings by 1.1%, and BlackRock Inc.’s holdings saw a growth of 0.3%. Mesirow Institutional Investment Management Inc. also grew its stake by an incredible 69%, while Meritage Portfolio Management acquired a new position during the fourth quarter for $2,525,000.
As per the latest financial figures available, approximately 90.87% of NATI’s stock is currently owned by institutional investors who have bought into the company throughout its tumultuous run on the stock market over recent years.
The company has a debt-to-equity ratio of 0.41 and quick and current ratios of 1.29 and 2.06 respectively. It experienced a 52-week low of $29.81 and a high of $58.29 for that period, marking quite a run considering that it opened at $58.10 on that fateful day in May.
With regards to analyst reports on NATI, StockNews.com began coverage with a “buy” rating shortly after NATI’s opening day on May 5th of the same year, while Morgan Stanley maintained an “equal weight” rating but increased its price target to $60 from $52 per share on April 13th that year.
On that same day of April 13th, Susquehanna downgraded National Instruments from “positive” to “neutral”, while maintaining their price target at $60 per share for now.
Jefferies Financial Group also downgraded the company from a “buy” rating to “hold”, but with an increase in price target to $60 per share from $55 on April 14th.
On February 1st of that year, Robert W. Baird downgraded National Instruments from “outperform” to “neutral”, but also raised their price target for the stock from $50.00 to $55.00.
Presently, six research analysts have issued hold ratings for NATI while two have assigned a buy rating, according to Bloomberg. The consensus rating for the company is presently “Hold”, with an average price target of $52.57.
In conclusion, National Instruments’ stoic journey has had its moments of highs and lows as it navigates through turbulent times in the marketplace since May 11th, 2023. While it started at $58.10 and has managed to climb up steeply since then, there have been mixed opinions about its stocks during this time-frame by industry experts – causing many uncertainties along the way that make for interesting observation moving forward.
