Netgear (NTGR) SVP Michael F. Falcon Sells 1,042 Shares

Netgear (NASDAQ:NTGR) SVP Michael F. Falcon sold 1,042 shares of the stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $56.35, for a total transaction of $58,716.70. Following the completion of the transaction, the senior vice president now directly owns 42,882 shares of the company’s stock, valued at approximately $2,416,400.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NTGR stock opened at $58.75 on Friday. The stock has a market capitalization of $1,843.64, a PE ratio of 25.32 and a beta of 1.91. Netgear has a 12 month low of $41.50 and a 12 month high of $71.42.

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Netgear (NASDAQ:NTGR) last issued its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $397.06 million during the quarter, compared to analyst estimates of $393.27 million. Netgear had a net margin of 1.38% and a return on equity of 9.92%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.88 EPS. equities research analysts forecast that Netgear will post 3.26 EPS for the current fiscal year.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Netgear from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Wednesday, January 10th. BidaskClub raised shares of Netgear from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Raymond James Financial raised shares of Netgear from a “market perform” rating to an “outperform” rating and set a $62.00 target price for the company in a report on Monday, December 18th. Finally, BWS Financial set a $75.00 target price on shares of Netgear and gave the stock a “buy” rating in a report on Friday, January 12th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $72.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its holdings in Netgear by 21.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 14,655 shares of the communications equipment provider’s stock valued at $861,000 after buying an additional 2,602 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in Netgear in the 4th quarter valued at approximately $225,000. Envestnet Asset Management Inc. raised its holdings in Netgear by 44.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,858 shares of the communications equipment provider’s stock valued at $168,000 after buying an additional 884 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in Netgear in the 4th quarter valued at approximately $879,000. Finally, Gotham Asset Management LLC bought a new position in Netgear in the 4th quarter valued at approximately $2,917,000. Institutional investors and hedge funds own 97.52% of the company’s stock.

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About Netgear

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters.

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

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