NetGear, Inc. (NASDAQ:NTGR) Chairman Patrick Cs Lo sold 13,999 shares of the stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $63.45, for a total value of $888,236.55. Following the completion of the sale, the chairman now owns 203,279 shares in the company, valued at $12,898,052.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Patrick Cs Lo also recently made the following trade(s):
- On Friday, June 1st, Patrick Cs Lo sold 13,999 shares of NetGear stock. The shares were sold at an average price of $60.55, for a total value of $847,639.45.
- On Tuesday, May 1st, Patrick Cs Lo sold 13,999 shares of NetGear stock. The shares were sold at an average price of $55.12, for a total value of $771,624.88.
NetGear opened at $67.80 on Friday, Marketbeat Ratings reports. NetGear, Inc. has a 1-year low of $43.10 and a 1-year high of $71.42. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 29.22 and a beta of 1.90.
NetGear (NASDAQ:NTGR) last posted its quarterly earnings results on Wednesday, April 25th. The communications equipment provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. NetGear had a return on equity of 9.63% and a net margin of 0.63%. The company had revenue of $345.00 million for the quarter, compared to analysts’ expectations of $342.58 million. During the same period last year, the firm earned $0.64 earnings per share. NetGear’s quarterly revenue was up 6.6% on a year-over-year basis. equities research analysts predict that NetGear, Inc. will post 2.64 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its stake in NetGear by 44.8% in the fourth 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 in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in NetGear in the fourth quarter valued at $225,000. O Shaughnessy Asset Management LLC raised its stake in NetGear by 390.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,022 shares of the communications equipment provider’s stock valued at $230,000 after buying an additional 3,202 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in NetGear in the first quarter valued at $250,000. Finally, LPL Financial LLC acquired a new stake in NetGear in the fourth quarter valued at $293,000. Institutional investors own 97.52% of the company’s stock.
Several brokerages have recently issued reports on NTGR. Zacks Investment Research upgraded NetGear from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 27th. BidaskClub cut NetGear from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. ValuEngine upgraded NetGear from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Guggenheim reiterated a “buy” rating and issued a $76.00 price objective on shares of NetGear in a research note on Friday, April 27th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $70.25.
NetGear Company Profile
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.
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