NETGEAR, Inc. (NASDAQ:NTGR) Insider Andrew Wonki Kim Sells 5,723 Shares

NETGEAR, Inc. (NASDAQ:NTGR) insider Andrew Wonki Kim sold 5,723 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $14.54, for a total transaction of $83,212.42. Following the sale, the insider now owns 76,656 shares in the company, valued at approximately $1,114,578.24. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Andrew Wonki Kim also recently made the following trade(s):

• On Thursday, February 15th, Andrew Wonki Kim sold 5,889 shares of NETGEAR stock. The shares were sold at an average price of $14.50, for a total transaction of $85,390.50.

NETGEAR Price Performance

Shares of NETGEAR stock opened at $14.05 on Wednesday. The stock has a market cap of $416.72 million, a price-to-earnings ratio of -3.96 and a beta of 0.84. The firm’s 50-day moving average is $14.83 and its 200 day moving average is $13.87. NETGEAR, Inc. has a 1 year low of $10.40 and a 1 year high of $18.52.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. NETGEAR had a negative net margin of 14.14% and a negative return on equity of 2.96%. The company had revenue of $188.67 million for the quarter, compared to analysts’ expectations of $185.14 million. During the same quarter in the previous year, the business posted ($0.21) EPS. NETGEAR’s revenue was down 24.3% compared to the same quarter last year. On average, equities analysts expect that NETGEAR, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On NETGEAR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Walleye Capital LLC increased its holdings in NETGEAR by 279.2% in the 3rd quarter. Walleye Capital LLC now owns 151,718 shares of the communications equipment provider’s stock worth $1,910,000 after acquiring an additional 111,713 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in NETGEAR by 15.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 659,460 shares of the communications equipment provider’s stock worth $8,303,000 after acquiring an additional 86,937 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in NETGEAR by 66.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 440,030 shares of the communications equipment provider’s stock worth $5,540,000 after acquiring an additional 175,288 shares in the last quarter. Brandes Investment Partners LP increased its holdings in NETGEAR by 38.7% in the 3rd quarter. Brandes Investment Partners LP now owns 3,465,808 shares of the communications equipment provider’s stock worth $43,635,000 after acquiring an additional 967,537 shares in the last quarter. Finally, Algert Global LLC boosted its stake in NETGEAR by 129.5% in the 3rd quarter. Algert Global LLC now owns 129,018 shares of the communications equipment provider’s stock worth $1,624,000 after purchasing an additional 72,800 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, BWS Financial restated a “buy” rating and set a $30.00 target price on shares of NETGEAR in a report on Wednesday, April 10th.

NETGEAR Company Profile

NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.