NETGEAR, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 1,500 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $49.80, for a total value of $74,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tamesa Rogers also recently made the following trade(s):

  • On Friday, September 8th, Tamesa Rogers sold 1,500 shares of NETGEAR stock. The shares were sold at an average price of $46.80, for a total value of $70,200.00.
  • On Tuesday, August 8th, Tamesa Rogers sold 1,500 shares of NETGEAR stock. The shares were sold at an average price of $47.35, for a total value of $71,025.00.

NETGEAR, Inc. (NASDAQ NTGR) traded down 0.57% during midday trading on Wednesday, reaching $51.90. The company’s stock had a trading volume of 587,163 shares. The stock’s 50 day moving average price is $48.06 and its 200-day moving average price is $46.43. NETGEAR, Inc. has a one year low of $41.50 and a one year high of $59.92. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 23.81 and a beta of 1.53.

NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings data on Wednesday, July 26th. The communications equipment provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The business had revenue of $330.72 million during the quarter, compared to the consensus estimate of $324.64 million. NETGEAR had a net margin of 5.42% and a return on equity of 10.67%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. On average, analysts forecast that NETGEAR, Inc. will post $2.73 EPS for the current fiscal year.

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A number of research firms have commented on NTGR. BWS Financial raised NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday. Zacks Investment Research cut NETGEAR from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Global Equities Research reissued a “buy” rating and set a $85.00 price target on shares of NETGEAR in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $62.13.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position 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 worth $207,344,000 after acquiring an additional 4,173,752 shares during the period. Vanguard Group Inc. raised its position in shares of NETGEAR by 2.3% in the first quarter. Vanguard Group Inc. now owns 3,151,201 shares of the communications equipment provider’s stock worth $156,142,000 after acquiring an additional 69,931 shares during the period. Dimensional Fund Advisors LP raised its position in shares of NETGEAR by 2.5% in 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 acquiring an additional 66,287 shares during the period. Bank of New York Mellon Corp raised its position in shares of NETGEAR by 33.3% in 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 acquiring an additional 429,429 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of NETGEAR by 28.2% in the second quarter. Alliancebernstein L.P. now owns 1,417,760 shares of the communications equipment provider’s stock worth $61,105,000 after acquiring an additional 311,735 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.

About NETGEAR

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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