Netgear Inc. (NTGR) SVP Andrew Wonki Kim Sells 19,062 Shares
Netgear Inc. (NASDAQ:NTGR) SVP Andrew Wonki Kim sold 19,062 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $59.57, for a total value of $1,135,523.34. Following the transaction, the senior vice president now owns 21,710 shares in the company, valued at approximately $1,293,264.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Andrew Wonki Kim also recently made the following trade(s):
- On Wednesday, August 17th, Andrew Wonki Kim sold 665 shares of Netgear stock. The stock was sold at an average price of $55.48, for a total value of $36,894.20.
Netgear Inc. (NASDAQ:NTGR) opened at 60.49 on Monday. Netgear Inc. has a 12-month low of $28.69 and a 12-month high of $60.82. The stock’s 50 day moving average price is $57.56 and its 200 day moving average price is $47.93. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 28.78 and a beta of 1.92.
Netgear (NASDAQ:NTGR) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.12. Netgear had a net margin of 5.25% and a return on equity of 12.06%. The company earned $311.66 million during the quarter, compared to analysts’ expectations of $298.87 million. During the same period in the prior year, the company earned $0.29 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts anticipate that Netgear Inc. will post $2.96 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in Netgear by 949.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,791 shares of the company’s stock worth $133,000 after buying an additional 2,525 shares during the period. Royal Bank of Canada boosted its stake in Netgear by 33.6% in the first quarter. Royal Bank of Canada now owns 3,505 shares of the company’s stock worth $141,000 after buying an additional 882 shares during the period. Acrospire Investment Management LLC purchased a new stake in Netgear during the first quarter worth about $174,000. PineBridge Investments L.P. boosted its stake in Netgear by 4.3% in the second quarter. PineBridge Investments L.P. now owns 4,130 shares of the company’s stock worth $197,000 after buying an additional 169 shares during the period. Finally, Amalgamated Bank purchased a new stake in Netgear during the second quarter worth about $208,000. Institutional investors own 99.48% of the company’s stock.
A number of analysts have recently issued reports on NTGR shares. Vetr raised Netgear from a “hold” rating to a “buy” rating and set a $61.09 target price on the stock in a research report on Wednesday, September 21st. Zacks Investment Research lowered Netgear from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Wunderlich lifted their target price on Netgear from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, September 8th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $61.00 target price (up from $55.00) on shares of Netgear in a research report on Wednesday, September 28th. Finally, Citigroup Inc. lowered Netgear to a “neutral” rating and set a $47.50 target price on the stock. in a research report on Tuesday, July 12th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $53.84.
Netgear Company Profile
NETGEAR, Inc is a global networking company. The Company’s product line consists of devices, such as network attached storage, Internet protocol security cameras, and home automation devices and services. Its segments include retail, commercial and service provider. The retail business unit consists of home networking, home video security, storage and digital media products.
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