NetGear, Inc. (NTGR) SVP Sells $86,025.00 in Stock

NetGear, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $57.35, for a total transaction of $86,025.00. Following the completion of the transaction, the senior vice president now directly owns 33,551 shares of the company’s stock, valued at approximately $1,924,149.85. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Friday, January 19th, Tamesa Rogers sold 5,000 shares of NetGear stock. The shares were sold at an average price of $69.40, for a total transaction of $347,000.00.
  • On Monday, January 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The shares were sold at an average price of $59.40, for a total transaction of $89,100.00.
  • On Friday, December 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The shares were sold at an average price of $51.40, for a total transaction of $77,100.00.

Shares of NetGear, Inc. (NTGR) traded up $3.05 on Friday, hitting $58.85. 842,473 shares of the stock were exchanged, compared to its average volume of 658,210. NetGear, Inc. has a fifty-two week low of $41.50 and a fifty-two week high of $71.42. The firm has a market cap of $1,795.36, a price-to-earnings ratio of 111.04 and a beta of 1.79.

NetGear (NASDAQ:NTGR) last announced its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.07. NetGear had a net margin of 1.38% and a return on equity of 9.92%. The firm had revenue of $397.06 million for the quarter, compared to analyst estimates of $393.27 million. During the same period last year, the business earned $0.88 EPS. NetGear’s revenue for the quarter was up 11.7% compared to the same quarter last year. analysts anticipate that NetGear, Inc. will post 2.71 earnings per share for the current fiscal year.

Several brokerages have commented on NTGR. Zacks Investment Research raised shares of NetGear from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Wednesday, January 10th. BidaskClub raised shares of NetGear from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 13th. Raymond James Financial raised shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price target for the company in a research report on Monday, December 18th. Finally, BWS Financial set a $75.00 price target on shares of 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 given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of NTGR. Ameriprise Financial Inc. increased its stake in NetGear by 29.9% in the second quarter. Ameriprise Financial Inc. now owns 228,684 shares of the communications equipment provider’s stock valued at $9,858,000 after purchasing an additional 52,679 shares during the period. Nationwide Fund Advisors increased its stake in NetGear by 16.5% in the second quarter. Nationwide Fund Advisors now owns 36,677 shares of the communications equipment provider’s stock valued at $1,581,000 after purchasing an additional 5,198 shares during the period. New York State Common Retirement Fund increased its stake in NetGear by 3.5% in the second quarter. New York State Common Retirement Fund now owns 38,647 shares of the communications equipment provider’s stock valued at $1,666,000 after purchasing an additional 1,299 shares during the period. Northern Trust Corp increased its stake in NetGear by 55.1% in the second quarter. Northern Trust Corp now owns 773,995 shares of the communications equipment provider’s stock valued at $33,359,000 after purchasing an additional 274,952 shares during the period. Finally, California Public Employees Retirement System increased its stake in NetGear by 1.8% in the second quarter. California Public Employees Retirement System now owns 69,200 shares of the communications equipment provider’s stock valued at $2,983,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 97.52% of the company’s stock.

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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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