Tamesa Rogers Sells 5,000 Shares of NetGear, Inc. (NTGR) Stock

NetGear, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 5,000 shares of NetGear stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $69.40, for a total transaction of $347,000.00. Following the completion of the transaction, the senior vice president now directly owns 27,281 shares of the company’s stock, valued at $1,893,301.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tamesa Rogers also recently made the following trade(s):

  • On Thursday, February 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The stock was sold at an average price of $57.35, for a total transaction of $86,025.00.
  • On Monday, January 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The shares were sold at an average price of $59.40, for a total transaction of $89,100.00.
  • On Friday, December 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The shares were sold at an average price of $51.40, for a total transaction of $77,100.00.
  • On Wednesday, November 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The shares were sold at an average price of $45.40, for a total transaction of $68,100.00.

Shares of NetGear, Inc. (NASDAQ NTGR) traded up $1.70 during midday trading on Wednesday, reaching $60.75. 569,009 shares of the company traded hands, compared to its average volume of 635,858. The company has a market capitalization of $1,890.00, a price-to-earnings ratio of 113.40 and a beta of 1.79. NetGear, Inc. has a 12 month low of $41.50 and a 12 month high of $71.42.

NetGear (NASDAQ:NTGR) last announced its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.07. The company 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 earnings per share. analysts forecast that NetGear, Inc. will post 2.71 EPS for the current fiscal year.

NTGR has been the subject of several research reports. BWS Financial set a $75.00 price objective on shares of NetGear and gave the company a “buy” rating in a report on Friday, January 12th. BidaskClub raised shares of NetGear from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Raymond James Financial raised shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a report on Monday, December 18th. Finally, Zacks Investment Research upgraded shares of NetGear from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $65.20.

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of NetGear by 0.3% in the fourth quarter. BlackRock Inc. now owns 4,123,339 shares of the communications equipment provider’s stock worth $242,246,000 after purchasing an additional 11,606 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of NetGear by 2.5% in 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 during the period. Bank of New York Mellon Corp boosted its position in shares of NetGear by 11.4% in 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 during the period. First Trust Advisors LP boosted its position in shares of NetGear by 12.2% in the fourth quarter. First Trust Advisors LP now owns 1,167,474 shares of the communications equipment provider’s stock worth $68,589,000 after purchasing an additional 127,046 shares during the period. Finally, State Street Corp boosted its position in shares of NetGear by 1.8% in 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 during the period. Institutional investors and hedge funds 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.

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

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