NETGEAR, Inc. (NASDAQ:NTGR) Chairman Patrick Cs Lo sold 19,799 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $47.63, for a total transaction of $943,026.37. Following the sale, the chairman now directly owns 183,125 shares in the company, valued at $8,722,243.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Patrick Cs Lo also recently made the following trade(s):

  • On Friday, September 1st, Patrick Cs Lo sold 9,900 shares of NETGEAR stock. The shares were sold at an average price of $47.91, for a total value of $474,309.00.
  • On Tuesday, August 1st, Patrick Cs Lo sold 9,900 shares of NETGEAR stock. The shares were sold at an average price of $47.83, for a total value of $473,517.00.
  • On Tuesday, July 25th, Patrick Cs Lo sold 4,000 shares of NETGEAR stock. The stock was sold at an average price of $45.00, for a total value of $180,000.00.

NETGEAR, Inc. (NASDAQ:NTGR) traded up 1.63% during mid-day trading on Tuesday, hitting $49.95. 316,279 shares of the stock were exchanged. NETGEAR, Inc. has a one year low of $41.50 and a one year high of $59.93. The company has a 50-day moving average price of $47.32 and a 200-day moving average price of $46.47. The company has a market cap of $1.58 billion, a P/E ratio of 22.92 and a beta of 1.53.

NETGEAR (NASDAQ:NTGR) last issued its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. The company had revenue of $330.72 million for the quarter, compared to analyst estimates of $324.64 million. NETGEAR had a net margin of 5.42% and a return on equity of 10.67%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. Analysts forecast that NETGEAR, Inc. will post $2.74 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of NETGEAR by 38,710.4% in the first quarter. BlackRock Inc. now owns 4,184,534 shares of the communications equipment provider’s stock valued at $207,344,000 after purchasing an additional 4,173,752 shares during the period. Vanguard Group Inc. grew its position in NETGEAR by 2.3% during the first quarter. Vanguard Group Inc. now owns 3,151,201 shares of the communications equipment provider’s stock worth $156,142,000 after buying an additional 69,931 shares during the period. Dimensional Fund Advisors LP grew its position in NETGEAR by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,764,602 shares of the communications equipment provider’s stock worth $119,155,000 after buying an additional 66,287 shares during the period. Bank of New York Mellon Corp grew its position in NETGEAR by 33.3% during the second quarter. Bank of New York Mellon Corp now owns 1,720,748 shares of the communications equipment provider’s stock worth $74,165,000 after buying an additional 429,429 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in NETGEAR by 28.2% in the second quarter. Alliancebernstein L.P. now owns 1,417,760 shares of the communications equipment provider’s stock valued at $61,105,000 after buying an additional 311,735 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

NTGR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded NETGEAR from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Global Equities Research reissued a “buy” rating and issued a $85.00 price objective on shares of NETGEAR in a report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $61.97.

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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