NetGear, Inc. (NASDAQ:NTGR) Director Jef Graham bought 500 shares of NetGear stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of $54.05 per share, for a total transaction of $27,025.00. Following the completion of the transaction, the director now directly owns 5,183 shares in the company, valued at $280,141.15. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of NetGear, Inc. (NTGR) traded up $1.90 on Thursday, hitting $63.45. The stock had a trading volume of 623,230 shares, compared to its average volume of 508,154. NetGear, Inc. has a 1 year low of $41.50 and a 1 year high of $63.60. The stock has a market capitalization of $2,000.00, a P/E ratio of 28.84 and a beta of 1.53.
NetGear (NASDAQ:NTGR) last issued its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $349.36 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. research analysts predict that NetGear, Inc. will post 2.24 earnings per share for the current fiscal year.
NTGR has been the topic of a number of research reports. Zacks Investment Research lowered NetGear from a “hold” rating to a “sell” rating in a report on Friday, October 13th. BidaskClub raised NetGear from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Raymond James Financial raised 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. Finally, BWS Financial raised 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. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $62.20.
A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in NetGear by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,764,602 shares of the communications equipment provider’s stock worth $119,155,000 after purchasing an additional 66,287 shares in the last quarter. Bank of New York Mellon Corp boosted its position in NetGear by 11.4% during the third quarter. Bank of New York Mellon Corp now owns 1,917,611 shares of the communications equipment provider’s stock worth $91,278,000 after purchasing an additional 196,863 shares in the last quarter. Alliancebernstein L.P. boosted its position in NetGear by 28.2% during the second quarter. Alliancebernstein L.P. now owns 1,417,760 shares of the communications equipment provider’s stock worth $61,105,000 after purchasing an additional 311,735 shares in the last quarter. LSV Asset Management boosted its position in NetGear by 3.7% during the second quarter. LSV Asset Management now owns 1,066,653 shares of the communications equipment provider’s stock worth $45,972,000 after purchasing an additional 38,000 shares in the last quarter. Finally, State Street Corp boosted its position in NetGear by 1.8% during the second quarter. State Street Corp now owns 842,782 shares of the communications equipment provider’s stock worth $36,319,000 after purchasing an additional 14,817 shares in the last quarter. Institutional investors own 97.52% of the company’s stock.
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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.
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