Netgear Inc. (NTGR) SVP Sells $81,276.00 in Stock
Netgear Inc. (NASDAQ:NTGR) SVP Andrew Wonki Kim sold 1,563 shares of Netgear stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $52.00, for a total value of $81,276.00. Following the completion of the sale, the senior vice president now directly owns 21,021 shares in the company, valued at $1,093,092. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Andrew Wonki Kim also recently made the following trade(s):
- On Thursday, September 29th, Andrew Wonki Kim sold 19,062 shares of Netgear stock. The stock was sold at an average price of $59.57, for a total value of $1,135,523.34.
- On Wednesday, August 17th, Andrew Wonki Kim sold 665 shares of Netgear stock. The stock was sold at an average price of $55.48, for a total value of $36,894.20.
Shares of Netgear Inc. (NASDAQ:NTGR) traded up 0.67% on Tuesday, hitting $52.70. The company’s stock had a trading volume of 260,050 shares. The stock has a 50-day moving average price of $56.89 and a 200 day moving average price of $49.22. Netgear Inc. has a one year low of $31.96 and a one year high of $60.82. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 25.07 and a beta of 1.92.
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Netgear (NASDAQ:NTGR) last posted its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.12. Netgear had a net margin of 5.25% and a return on equity of 12.06%. The business had revenue of $311.66 million for the quarter, compared to analyst estimates of $298.87 million. During the same period in the prior year, the company posted $0.29 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts predict that Netgear Inc. will post $2.96 EPS for the current year.
Several equities research analysts have recently issued reports on the company. Vetr raised Netgear from a “buy” rating to a “strong-buy” rating and set a $60.73 target price on the stock in a report on Tuesday, October 11th. BWS Financial cut Netgear from a “buy” rating to a “hold” rating and reduced their target price for the stock from $64.00 to $60.00 in a report on Monday, October 3rd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $61.00 target price (up from $55.00) on shares of Netgear in a report on Wednesday, September 28th. Zacks Investment Research cut Netgear from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 28th. Finally, Wunderlich lifted their target price on Netgear from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, September 8th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $53.36.
Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its position in shares of Netgear by 39.7% in the second quarter. FMR LLC now owns 2,866,848 shares of the company’s stock worth $136,290,000 after buying an additional 814,166 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Netgear by 5,182.0% in the second quarter. Riverhead Capital Management LLC now owns 439,516 shares of the company’s stock worth $10,807,000 after buying an additional 431,195 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in Netgear during the second quarter worth approximately $14,271,000. Rothschild Asset Management Inc. acquired a new stake in Netgear during the second quarter worth approximately $13,343,000. Finally, Vanguard Group Inc. increased its stake in Netgear by 7.0% in the second quarter. Vanguard Group Inc. now owns 2,890,854 shares of the company’s stock worth $137,431,000 after buying an additional 189,300 shares during the last quarter. 99.37% of the stock is currently owned by hedge funds and other institutional investors.
NETGEAR, Inc is a global networking company. The Company’s product line consists of devices, such as network attached storage, Internet protocol security cameras, and home automation devices and services. Its segments include retail, commercial and service provider. The retail business unit consists of home networking, home video security, storage and digital media products.
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