NetGear, Inc. (NASDAQ:NTGR) SVP Andrew Wonki Kim sold 547 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $60.80, for a total value of $33,257.60. Following the sale, the senior vice president now owns 37,792 shares in the company, valued at approximately $2,297,753.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NetGear, Inc. (NTGR) opened at $60.20 on Wednesday. The company has a market capitalization of $1,923.67, a P/E ratio of 26.42 and a beta of 1.79. NetGear, Inc. has a fifty-two week low of $41.50 and a fifty-two week high of $71.42.
NetGear (NASDAQ:NTGR) last posted its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.71 EPS for the quarter, beating the Thomson Reuters’ 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 return on equity of 9.92% and a net margin of 1.38%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 earnings per share. sell-side analysts predict that NetGear, Inc. will post 2.71 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in shares of NetGear by 9.6% during the second quarter. Goldman Sachs Group Inc. now owns 121,997 shares of the communications equipment provider’s stock valued at $5,258,000 after purchasing an additional 10,637 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of NetGear by 4.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 318,392 shares of the communications equipment provider’s stock valued at $15,156,000 after purchasing an additional 14,995 shares during the last quarter. State Street Corp grew its holdings in shares of NetGear by 1.8% during the second quarter. State Street Corp now owns 842,782 shares of the communications equipment provider’s stock valued at $36,319,000 after purchasing an additional 14,817 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of NetGear by 132.9% during the third quarter. Russell Investments Group Ltd. now owns 15,264 shares of the communications equipment provider’s stock valued at $727,000 after purchasing an additional 8,710 shares during the last quarter. Finally, K.J. Harrison & Partners Inc bought a new position in NetGear in the 3rd quarter worth approximately $286,000. 97.52% of the stock is owned by institutional investors.
Several analysts have issued reports on the company. Zacks Investment Research upgraded NetGear from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Wednesday, January 10th. BidaskClub raised NetGear from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 13th. Raymond James Financial raised 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 NetGear and gave the company a “buy” rating in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $65.20.
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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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