NetGear, Inc. (NTGR) SVP Michael F. Falcon Sells 1,042 Shares

NetGear, Inc. (NASDAQ:NTGR) SVP Michael F. Falcon sold 1,042 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $67.40, for a total value of $70,230.80. Following the transaction, the senior vice president now directly owns 44,268 shares in the company, valued at approximately $2,983,663.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NetGear, Inc. (NASDAQ:NTGR) opened at $57.05 on Thursday. NetGear, Inc. has a 12-month low of $41.50 and a 12-month high of $71.42. The company has a market capitalization of $1,800.00, a P/E ratio of 107.64 and a beta of 1.79.

NetGear (NASDAQ:NTGR) last posted its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.64 by $0.07. NetGear had a return on equity of 10.57% and a net margin of 5.33%. The company had revenue of $397.06 million for the quarter, compared to the consensus estimate of $393.27 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. equities research analysts predict that NetGear, Inc. will post 2.24 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the company. Zacks Investment Research raised NetGear from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Wednesday, January 10th. BidaskClub raised NetGear from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 13th. Raymond James Financial raised NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 target price on the stock in a research report on Monday, December 18th. Finally, BWS Financial set a $75.00 target price on NetGear and gave the company a “buy” rating in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $65.20.

Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of NetGear by 126.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,378 shares of the communications equipment provider’s stock valued at $140,000 after buying an additional 1,330 shares during the period. Amalgamated Bank bought a new stake in shares of NetGear in the third quarter valued at approximately $207,000. Quantitative Systematic Strategies LLC bought a new stake in shares of NetGear in the fourth quarter valued at approximately $215,000. M&T Bank Corp boosted its stake in shares of NetGear by 31.5% in the second quarter. M&T Bank Corp now owns 5,428 shares of the communications equipment provider’s stock valued at $234,000 after buying an additional 1,300 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in shares of NetGear in the fourth quarter valued at approximately $239,000. Institutional investors and hedge funds own 97.52% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2018/02/08/netgear-inc-ntgr-svp-michael-f-falcon-sells-1042-shares.html.

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)

Receive News & Ratings for NetGear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetGear and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply