NETGEAR, Inc. (NASDAQ:NTGR) Director Barbara Vaughn Scherer sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $52.00, for a total transaction of $52,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NETGEAR, Inc. (NASDAQ NTGR) opened at 51.10 on Friday. The company’s 50 day moving average is $48.31 and its 200 day moving average is $46.50. The stock has a market cap of $1.61 billion, a PE ratio of 23.45 and a beta of 1.53. NETGEAR, Inc. has a 12 month low of $41.50 and a 12 month high of $59.92.
NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings data on Wednesday, July 26th. The communications equipment provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. NETGEAR had a net margin of 5.42% and a return on equity of 10.67%. The company had revenue of $330.72 million during the quarter, compared to analyst estimates of $324.64 million. During the same quarter last year, the business posted $0.72 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts anticipate that NETGEAR, Inc. will post $2.73 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its holdings in NETGEAR by 17.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,080 shares of the communications equipment provider’s stock valued at $103,000 after buying an additional 304 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of NETGEAR by 42.8% in the 1st quarter. Victory Capital Management Inc. now owns 2,724 shares of the communications equipment provider’s stock valued at $135,000 after purchasing an additional 817 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of NETGEAR in the 1st quarter valued at about $139,000. US Bancorp DE raised its holdings in shares of NETGEAR by 9.2% in the 1st quarter. US Bancorp DE now owns 3,243 shares of the communications equipment provider’s stock valued at $161,000 after purchasing an additional 272 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in shares of NETGEAR by 364.8% in the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 3,500 shares of the communications equipment provider’s stock valued at $173,000 after purchasing an additional 2,747 shares in the last quarter. Institutional investors own 98.89% of the company’s stock.
Several equities analysts have recently commented on NTGR shares. Zacks Investment Research downgraded shares of NETGEAR from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BWS Financial raised shares of NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $62.13.
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.
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