NETGEAR, Inc. (NASDAQ:NTGR) SVP Michael F. Falcon sold 521 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $45.65, for a total value of $23,783.65. Following the completion of the sale, the senior vice president now directly owns 34,612 shares of the company’s stock, valued at $1,580,037.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
NETGEAR, Inc. (NASDAQ NTGR) traded up $0.77 during trading on Monday, reaching $45.73. The company’s stock had a trading volume of 262,238 shares, compared to its average volume of 486,376. The stock has a market capitalization of $1,414.57, a price-to-earnings ratio of 18.05 and a beta of 1.50.
NETGEAR (NASDAQ:NTGR) last released its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.13. NETGEAR had a return on equity of 10.57% and a net margin of 5.33%. The firm had revenue of $355.48 million during the quarter, compared to analyst estimates of $349.36 million. During the same period in the prior year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. equities research analysts anticipate that NETGEAR, Inc. will post 2.24 earnings per share for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. raised its stake in NETGEAR by 31.0% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 39,505 shares of the communications equipment provider’s stock worth $1,880,000 after acquiring an additional 9,340 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in NETGEAR by 47.2% during the third quarter. Municipal Employees Retirement System of Michigan now owns 13,760 shares of the communications equipment provider’s stock worth $655,000 after acquiring an additional 4,410 shares in the last quarter. Sei Investments Co. raised its stake in NETGEAR by 11.3% during the third quarter. Sei Investments Co. now owns 91,558 shares of the communications equipment provider’s stock worth $4,358,000 after acquiring an additional 9,324 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in NETGEAR by 20.3% during the third quarter. BNP Paribas Arbitrage SA now owns 18,428 shares of the communications equipment provider’s stock worth $877,000 after acquiring an additional 3,110 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC raised its stake in NETGEAR by 14.6% during the third quarter. Global X MANAGEMENT CO LLC now owns 14,274 shares of the communications equipment provider’s stock worth $679,000 after acquiring an additional 1,819 shares in the last quarter. Hedge funds and other institutional investors own 98.18% of the company’s stock.
Several research firms have recently weighed in on NTGR. Zacks Investment Research cut NETGEAR from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BWS Financial raised NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. NETGEAR currently has a consensus rating of “Hold” and a consensus price target of $62.75.
NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.
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