NetGear, Inc. (NTGR) SVP Sells $62,712.00 in Stock

NetGear, Inc. (NASDAQ:NTGR) SVP Michael F. Falcon sold 1,040 shares of NetGear stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $60.30, for a total transaction of $62,712.00. Following the completion of the sale, the senior vice president now directly owns 34,611 shares of the company’s stock, valued at approximately $2,087,043.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

NetGear, Inc. (NASDAQ:NTGR) traded down $0.55 on Friday, reaching $59.55. 289,255 shares of the company’s stock were exchanged, compared to its average volume of 470,551. The stock has a market cap of $1,870.00, a P/E ratio of 27.07 and a beta of 1.53. NetGear, Inc. has a 1 year low of $41.50 and a 1 year high of $61.95.

NetGear (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.13. The firm had revenue of $355.48 million for the quarter, compared to the consensus estimate of $349.36 million. NetGear had a net margin of 5.33% and a return on equity of 10.57%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. analysts anticipate that NetGear, Inc. will post 2.24 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on NTGR shares. BWS Financial raised shares of NetGear from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, October 9th. Zacks Investment Research downgraded shares of NetGear from a “hold” rating to a “sell” rating in a report on Friday, October 13th. BidaskClub raised shares of NetGear from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Finally, Raymond James Financial raised shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $60.75.

Institutional investors and hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. raised its stake in shares of NetGear by 4.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 303,397 shares of the communications equipment provider’s stock worth $13,077,000 after purchasing an additional 13,322 shares during the period. Rhumbline Advisers raised its stake in shares of NetGear by 1.2% during the 2nd quarter. Rhumbline Advisers now owns 67,770 shares of the communications equipment provider’s stock worth $2,921,000 after purchasing an additional 786 shares during the period. SG Americas Securities LLC raised its stake in shares of NetGear by 21.9% during the 2nd quarter. SG Americas Securities LLC now owns 9,319 shares of the communications equipment provider’s stock worth $402,000 after purchasing an additional 1,673 shares during the period. Legal & General Group Plc raised its stake in shares of NetGear by 7.5% during the 2nd quarter. Legal & General Group Plc now owns 62,101 shares of the communications equipment provider’s stock worth $2,677,000 after purchasing an additional 4,326 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of NetGear by 37.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,318 shares of the communications equipment provider’s stock worth $660,000 after purchasing an additional 4,179 shares during the period. 97.52% of the stock is currently owned by hedge funds and other institutional investors.

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NetGear Company Profile

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.

Insider Buying and Selling by Quarter for NetGear (NASDAQ:NTGR)

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