NetGear, Inc. (NASDAQ:NTGR) Chairman Patrick Cs Lo sold 11,666 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $55.26, for a total value of $644,663.16. Following the transaction, the chairman now owns 206,612 shares of the company’s stock, valued at approximately $11,417,379.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Patrick Cs Lo also recently made the following trade(s):
- On Thursday, November 1st, Patrick Cs Lo sold 12,013 shares of NetGear stock. The shares were sold at an average price of $55.27, for a total value of $663,958.51.
- On Monday, October 1st, Patrick Cs Lo sold 13,999 shares of NetGear stock. The shares were sold at an average price of $61.24, for a total value of $857,298.76.
NTGR opened at $52.50 on Friday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 22.63 and a beta of 2.08. NetGear, Inc. has a 12-month low of $48.16 and a 12-month high of $78.30.
NetGear (NASDAQ:NTGR) last posted its quarterly earnings data on Thursday, October 25th. The communications equipment provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.25. The business had revenue of $400.59 million during the quarter, compared to the consensus estimate of $388.94 million. NetGear had a positive return on equity of 8.75% and a negative net margin of 1.43%. On average, equities analysts forecast that NetGear, Inc. will post 0.3 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Stevens Capital Management LP purchased a new stake in shares of NetGear in the second quarter worth $201,000. Marshall Wace North America L.P. purchased a new stake in shares of NetGear in the third quarter worth $212,000. Tower Research Capital LLC TRC purchased a new stake in shares of NetGear in the second quarter worth $267,000. Alps Advisors Inc. purchased a new stake in shares of NetGear in the second quarter worth $291,000. Finally, Bank of Montreal Can purchased a new stake in shares of NetGear in the second quarter worth $307,000.
NTGR has been the subject of a number of recent analyst reports. BidaskClub upgraded NetGear from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 24th. Guggenheim restated a “buy” rating on shares of NetGear in a report on Tuesday, August 28th. Raymond James set a $80.00 target price on NetGear and gave the company a “buy” rating in a report on Wednesday, September 5th. Cowen assumed coverage on NetGear in a report on Monday, October 1st. They issued a “hold” rating and a $63.00 price objective for the company. Finally, TheStreet downgraded NetGear from a “b-” rating to a “c+” rating in a report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $70.40.
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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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