NetGear, Inc. (NASDAQ:NTGR) SVP Andrew Wonki Kim sold 1,563 shares of the stock in a transaction on Friday, March 17th. The stock was sold at an average price of $54.10, for a total transaction of $84,558.30. Following the completion of the sale, the senior vice president now directly owns 22,141 shares of the company’s stock, valued at $1,197,828.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Andrew Wonki Kim also recently made the following trade(s):
- On Friday, February 17th, Andrew Wonki Kim sold 1,980 shares of NetGear stock. The stock was sold at an average price of $55.90, for a total transaction of $110,682.00.
Shares of NetGear, Inc. (NASDAQ:NTGR) traded down 0.83% during trading on Monday, hitting $53.70. 188,399 shares of the company were exchanged. The firm has a market capitalization of $1.77 billion, a PE ratio of 23.87 and a beta of 1.62. The firm’s 50-day moving average price is $55.08 and its 200 day moving average price is $54.94. NetGear, Inc. has a 12 month low of $38.25 and a 12 month high of $60.82.
NetGear (NASDAQ:NTGR) last announced its quarterly earnings data on Tuesday, February 7th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.77 by $0.11. NetGear had a net margin of 5.71% and a return on equity of 12.00%. The business earned $367.90 million during the quarter, compared to analysts’ expectations of $349.97 million. During the same period in the previous year, the business posted $0.83 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that NetGear, Inc. will post $3.16 earnings per share for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in shares of NetGear during the third quarter valued at approximately $116,000. Victory Capital Management Inc. boosted its stake in shares of NetGear by 29.3% in the third quarter. Victory Capital Management Inc. now owns 1,954 shares of the company’s stock valued at $118,000 after buying an additional 443 shares during the last quarter. Elkfork Partners LLC acquired a new stake in shares of NetGear during the fourth quarter valued at approximately $144,000. SECOR Capital Advisors LP acquired a new stake in shares of NetGear during the third quarter valued at approximately $211,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of NetGear during the third quarter valued at approximately $218,000. Institutional investors and hedge funds own 98.73% of the company’s stock.
A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of NetGear from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 14th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of NetGear in a research note on Wednesday, February 8th. Finally, Guggenheim assumed coverage on shares of NetGear in a research note on Wednesday, January 4th. They issued a “buy” rating and a $70.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $58.66.
NetGear Company Profile
NETGEAR, Inc is a global networking company. The Company’s product line consists of devices, such as network attached storage, Internet protocol security cameras, and home automation devices and services. Its segments include retail, commercial and service provider. The retail business unit consists of home networking, home video security, storage and digital media products.
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