NETGEAR, Inc. (NASDAQ:NTGR) SVP Michael F. Falcon sold 14,912 shares of NETGEAR stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $49.94, for a total transaction of $744,705.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NETGEAR, Inc. (NASDAQ:NTGR) traded up 1.41% on Thursday, reaching $50.20. 303,386 shares of the company traded hands. The company has a market capitalization of $1.59 billion, a PE ratio of 23.04 and a beta of 1.53. NETGEAR, Inc. has a one year low of $41.50 and a one year high of $59.93. The stock’s 50 day moving average price is $47.43 and its 200 day moving average price is $46.50.

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

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Ardsley Advisory Partners purchased a new position in NETGEAR during the second quarter valued at approximately $517,000. Public Employees Retirement System of Ohio increased its position in NETGEAR by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 44,772 shares of the communications equipment provider’s stock worth $1,930,000 after purchasing an additional 135 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in NETGEAR in the second quarter worth $302,000. State Street Corp increased its position in NETGEAR by 1.8% in the second quarter. State Street Corp now owns 842,782 shares of the communications equipment provider’s stock worth $36,319,000 after purchasing an additional 14,817 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in NETGEAR by 35.0% in the second quarter. Macquarie Group Ltd. now owns 593,665 shares of the communications equipment provider’s stock worth $25,587,000 after purchasing an additional 154,070 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on NTGR shares. Global Equities Research reissued a “buy” rating and set a $85.00 target price on shares of NETGEAR in a research report on Tuesday, June 13th. Zacks Investment Research downgraded shares of NETGEAR from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. NETGEAR presently has an average rating of “Hold” and an average target price of $62.56.

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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