NETGEAR, Inc. (NASDAQ:NTGR) Chairman Patrick Cs Lo sold 19,799 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $45.35, for a total value of $897,884.65. Following the sale, the chairman now owns 183,001 shares in the company, valued at approximately $8,299,095.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, October 2nd, Patrick Cs Lo sold 19,799 shares of NETGEAR stock. The stock was sold at an average price of $47.63, for a total value of $943,026.37.
  • On Friday, September 1st, Patrick Cs Lo sold 9,900 shares of NETGEAR stock. The stock was sold at an average price of $47.91, for a total value of $474,309.00.

NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. NETGEAR had a net margin of 5.33% and a return on equity of 10.57%. The firm had revenue of $355.48 million during the quarter, compared to the consensus estimate of $349.36 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year.

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Several equities research analysts have issued reports on NTGR shares. Zacks Investment Research downgraded NETGEAR from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BWS Financial upgraded NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $62.75.

A number of institutional investors have recently modified their holdings of NTGR. UBS Asset Management Americas Inc. boosted its holdings in NETGEAR by 16.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 15,112 shares of the communications equipment provider’s stock worth $749,000 after buying an additional 2,132 shares during the period. Envestnet Asset Management Inc. boosted its holdings in NETGEAR by 17.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,080 shares of the communications equipment provider’s stock worth $103,000 after buying an additional 304 shares during the period. Victory Capital Management Inc. boosted its holdings in NETGEAR by 42.8% in the 1st quarter. Victory Capital Management Inc. now owns 2,724 shares of the communications equipment provider’s stock worth $135,000 after buying an additional 817 shares during the period. OppenheimerFunds Inc. boosted its holdings in NETGEAR by 26.9% in the 1st quarter. OppenheimerFunds Inc. now owns 18,982 shares of the communications equipment provider’s stock worth $941,000 after buying an additional 4,020 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in NETGEAR by 261.3% in the 1st quarter. Teachers Advisors LLC now owns 274,021 shares of the communications equipment provider’s stock worth $13,578,000 after buying an additional 198,169 shares during the period. 98.49% of the stock is owned by institutional investors.

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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