National Instruments (NATI)

Company Profile

At NI, it brings together the people, ideas and technology so forward thinkers and creative problem solvers can take on humanity’s biggest challenges. From data and automation to research and validation, it provides the tailored, software-connected systems engineers and enterprises need to Engineer Ambitiously™ every day.

Company profile

Ticker

NATI

Exchange

NASDAQ

Website

www.ni.com

CEO

Eric Starkloff

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Manufacturing > Electromedical and Electrotherapeutic Apparatus Manufacturing

Industry (SIC)

Services - Prepackaged Software

Microsoft • Oracle • Mobileye Global • Gen Digital • Activision Blizzard • BlackBerry • Vmware • Adobe • Ceridian HCM Holding • McAfee ...

Former names

NATIONAL INSTRUMENTS CORP /DE/

SEC CIK

0000935494

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Constellation International Holding B.V. • Digilent Information Technology (Shanghai) Co., Ltd. • Digilent RO S.R.L. • Digilent, Inc. • Enterprise International Holding B.V. • Gemni Holdings ULC, Canada • Heinzinger Automotive GmbH • Hyperception, Inc. • Kratzer Automation Inc. • Kratzer Automation SARL ...

IRS number

741871327

NATI stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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ARS

2022 FY

Annual report to shareholders

27 Mar 23

DEFA14A

Additional proxy soliciting materials

27 Mar 23

Departure of Directors or Certain Officers

21 Feb 23

Additional proxy materials by non-management

8 Feb 23

8-K

NI Achieves Record Revenue for Q4 and Fiscal Year 2022

31 Jan 23

DFAN14A

Additional proxy materials by non-management

23 Jan 23

DFAN14A

Additional proxy materials by non-management

17 Jan 23

DFAN14A

Additional proxy materials by non-management

17 Jan 23

Transcripts

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NATI

Earnings call transcript

2022 Q4

31 Jan 23

NATI

Earnings call transcript

2022 Q3

28 Oct 22

NATI

Earnings call transcript

2022 Q2

28 Jul 22

NATI

Earnings call transcript

2022 Q1

29 Apr 22

NATI

Earnings call transcript

2021 Q4

28 Jan 22

NATI

Earnings call transcript

2021 Q3

29 Oct 21

NATI

Earnings call transcript

2021 Q2

1 Aug 21

NATI

Earnings call transcript

2021 Q1

2 May 21

NATI

Earnings call transcript

2020 Q4

29 Jan 21

NATI

Earnings call transcript

2020 Q3

1 Nov 20

Latest ownership filings

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Eric Howard Starkloff

T. Rowe Price Investment Management, Inc.

14 Feb 23

Eric Howard Starkloff

13 Feb 23

SC 13G/A

JANUS HENDERSON GROUP PLC

Eric Howard Starkloff

2 Feb 23

Financial summary

Financial statements Chart NATI financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	139.80 mm	139.80 mm	139.80 mm	139.80 mm	139.80 mm	139.80 mm
Cash burn (monthly)	3.07 mm	5.94 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	9.31 mm	18.03 mm	n/a	n/a	n/a	n/a
Cash remaining	130.49 mm	121.77 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	42.5	20.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

NATI institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	322	289	+11.4%
Opened positions	59	40	+47.5%
Closed positions	26	47	-44.7%
Increased positions	105	103	+1.9%
Reduced positions	121	102	+18.6%

13F shares	Current	Prev Q	Change
Total value	4.25 tn	4.33 bn	+97907.7%
Total shares	118.88 mm	114.37 mm	+3.9%
Total puts	72.08 k	34.70 k	+107.7%
Total calls	257.10 k	51.60 k	+398.3%
Total put/call ratio	0.3	0.7	-58.3%

Largest owners	Shares	Value	Change
Vanguard	13.21 mm	$487.47 bn	+0.2%
BLK Blackrock	12.05 mm	$444.51 bn	+6.2%
JHG Janus Henderson	8.89 mm	$327.86 bn	+0.6%
T. Rowe Price Investment Management	8.10 mm	$303.19 bn	-9.8%
Amundi	5.44 mm	$211.33 bn	+3.0%
Sarasin & Partners	4.26 mm	$157.14 bn	-0.0%
William Blair Investment Management	4.00 mm	$147.62 bn	-5.8%
STT State Street	3.72 mm	$137.19 bn	NEW
MS Morgan Stanley	3.25 mm	$119.85 bn	+219.5%
Wellington Management	2.79 mm	$102.99 bn	+31.8%

Largest transactions	Shares	Bought/sold	Change
T. Rowe Price	1.99 mm	-4.45 mm	-69.0%
STT State Street	3.72 mm	+3.72 mm	NEW
Champlain Investment Partners	2.24 mm	+2.24 mm	NEW
MS Morgan Stanley	3.25 mm	+2.23 mm	+219.5%
Eaton Vance Management	0.00	-1.32 mm	EXIT
Norges Bank	1.03 mm	+1.03 mm	NEW
Atlanta Capital Management Co L L C	0.00	-883.85 k	EXIT
T. Rowe Price Investment Management	8.10 mm	-876.47 k	-9.8%
Handelsbanken Fonder AB	770.76 k	+750.00 k	+3612.7%
BLK Blackrock	12.05 mm	+705.80 k	+6.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NATI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Mar 23	Starkloff Eric Howard	Common Stock	Grant	Acquire A	No	No	0	90,000	0.00	407,780
3 Mar 23	Thomas Benjamin	Common Stock	Grant	Acquire A	No	No	0	10,604	0.00	64,253
3 Mar 23	Ritu Favre	Common Stock	Grant	Acquire A	No	No	0	12,118	0.00	50,583
3 Mar 23	Rust Scott Arthur	Common Stock	Grant	Acquire A	No	No	0	9,846	0.00	65,075
16 Feb 23	Daniel Berenbaum	Common Stock	Grant	Acquire A	No	No	49.71	2,177	108.22 k	14,247
16 Feb 23	Daniel Berenbaum	Common Stock	Grant	Acquire A	No	No	49.71	12,070	600.00 k	12,070