NetGear, Inc. (NASDAQ:NTGR) SVP Patrick J. Collins III sold 375 shares of the stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $55.25, for a total value of $20,718.75. Following the sale, the senior vice president now directly owns 18,857 shares of the company’s stock, valued at $1,041,849.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of NetGear, Inc. (NASDAQ:NTGR) traded down 1.37% during trading on Monday, hitting $53.80. The stock had a trading volume of 66,498 shares. The firm has a market cap of $1.77 billion, a P/E ratio of 23.91 and a beta of 1.62. The firm’s 50-day moving average is $55.68 and its 200-day moving average is $55.16. NetGear, Inc. has a one year low of $38.25 and a one year high of $60.82.
NetGear (NASDAQ:NTGR) last announced its quarterly earnings data on Tuesday, February 7th. The company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.11. The firm earned $367.90 million during the quarter, compared to analyst estimates of $349.97 million. NetGear had a return on equity of 12.00% and a net margin of 5.71%. NetGear’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. Equities research analysts forecast that NetGear, Inc. will post $3.16 EPS for the current year.
A number of research firms have weighed in on NTGR. Zacks Investment Research cut NetGear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 4th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of NetGear in a research report on Wednesday, February 8th. Finally, Guggenheim began coverage on NetGear in a research report on Wednesday, January 4th. They set a “buy” rating and a $70.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $58.66.
A number of hedge funds have recently made changes to their positions in the stock. Navellier & Associates Inc raised its stake in shares of NetGear by 214.1% in the third quarter. Navellier & Associates Inc now owns 32,374 shares of the company’s stock valued at $1,958,000 after buying an additional 22,067 shares in the last quarter. Malaga Cove Capital LLC raised its stake in shares of NetGear by 78.6% in the third quarter. Malaga Cove Capital LLC now owns 47,258 shares of the company’s stock valued at $2,832,000 after buying an additional 20,791 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of NetGear by 10.3% in the third quarter. Acadian Asset Management LLC now owns 1,112,319 shares of the company’s stock valued at $67,285,000 after buying an additional 104,071 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of NetGear during the third quarter valued at $116,000. Finally, First Quadrant L P CA raised its stake in shares of NetGear by 35.0% in the third quarter. First Quadrant L P CA now owns 82,778 shares of the company’s stock valued at $5,007,000 after buying an additional 21,478 shares in the last quarter. 98.73% of the stock is owned by hedge funds and other institutional investors.
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.