NETGEAR, Inc. (NASDAQ:NTGR) SVP Michael A. Werdann sold 750 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $45.35, for a total transaction of $34,012.50. Following the completion of the sale, the senior vice president now owns 26,625 shares in the company, valued at $1,207,443.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NETGEAR, Inc. (NASDAQ:NTGR) traded down 1.31% during midday trading on Thursday, reaching $45.10. 227,729 shares of the company’s stock traded hands. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 20.70 and a beta of 1.55. The stock’s 50 day moving average price is $45.34 and its 200 day moving average price is $48.34. NETGEAR, Inc. has a 1-year low of $41.50 and a 1-year high of $60.82.

NETGEAR (NASDAQ:NTGR) last released its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.06. NETGEAR had a net margin of 5.42% and a return on equity of 10.67%. The company had revenue of $330.72 million for the quarter, compared to the consensus estimate of $324.64 million. During the same quarter in the previous year, the company earned $0.72 EPS. NETGEAR’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that NETGEAR, Inc. will post $2.74 EPS for the current year.

NETGEAR declared that its board has initiated a share buyback plan on Wednesday, April 26th that authorizes the company to buyback 3,000,000 outstanding shares. This buyback authorization authorizes the communications equipment provider to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital One National Association increased its position in NETGEAR by 1.5% in the first quarter. Capital One National Association now owns 11,927 shares of the communications equipment provider’s stock worth $591,000 after buying an additional 179 shares during the last quarter. Chicago Equity Partners LLC increased its position in NETGEAR by 4.9% in the first quarter. Chicago Equity Partners LLC now owns 36,695 shares of the communications equipment provider’s stock worth $1,818,000 after buying an additional 1,715 shares during the last quarter. Great West Life Assurance Co. Can increased its position in NETGEAR by 7.3% in the first quarter. Great West Life Assurance Co. Can now owns 46,187 shares of the communications equipment provider’s stock worth $2,285,000 after buying an additional 3,130 shares during the last quarter. Bowling Portfolio Management LLC increased its position in NETGEAR by 15.7% in the first quarter. Bowling Portfolio Management LLC now owns 13,918 shares of the communications equipment provider’s stock worth $690,000 after buying an additional 1,891 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in NETGEAR by 33.5% in the first quarter. Wells Fargo & Company MN now owns 715,202 shares of the communications equipment provider’s stock worth $35,438,000 after buying an additional 179,283 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Several research firms have weighed in on NTGR. Zacks Investment Research lowered shares of NETGEAR from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Global Equities Research reiterated a “buy” rating and issued a $85.00 target price on shares of NETGEAR in a report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. NETGEAR has an average rating of “Hold” and a consensus target price of $62.48.

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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