Netgear Inc. (NTGR) Chairman Patrick Cs Lo Sells 14,200 Shares
Netgear Inc. (NASDAQ:NTGR) Chairman Patrick Cs Lo sold 14,200 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $58.67, for a total value of $833,114.00. Following the completion of the sale, the chairman now owns 155,797 shares of the company’s stock, valued at $9,140,609.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Patrick Cs Lo also recently made the following trade(s):
- On Thursday, September 1st, Patrick Cs Lo sold 14,200 shares of Netgear stock. The shares were sold at an average price of $56.75, for a total value of $805,850.00.
- On Monday, August 1st, Patrick Cs Lo sold 14,200 shares of Netgear stock. The stock was sold at an average price of $51.34, for a total value of $729,028.00.
Shares of Netgear Inc. (NASDAQ:NTGR) opened at 58.42 on Tuesday. The firm has a market capitalization of $1.91 billion, a P/E ratio of 27.79 and a beta of 1.92. Netgear Inc. has a 52 week low of $30.59 and a 52 week high of $60.82. The stock has a 50 day moving average price of $57.67 and a 200 day moving average price of $48.18.
Netgear (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $298.87 million. During the same period in the previous year, the firm posted $0.29 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Analysts forecast that Netgear Inc. will post $2.96 EPS for the current year.
NTGR has been the subject of a number of recent analyst reports. Wunderlich initiated coverage on Netgear in a report on Wednesday, June 8th. They set a “buy” rating and a $55.00 price target for the company. Rosenblatt Securities reiterated a “buy” rating and set a $47.50 price target on shares of Netgear in a report on Thursday, June 9th. Zacks Investment Research downgraded Netgear from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Citigroup Inc. downgraded Netgear to a “neutral” rating and set a $47.50 price target for the company. in a report on Tuesday, July 12th. They noted that the move was a valuation call. Finally, BWS Financial increased their price target on Netgear from $50.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.40.
Several hedge funds have recently bought and sold shares of NTGR. FMR LLC increased its stake in Netgear by 39.7% in the second quarter. FMR LLC now owns 2,866,848 shares of the company’s stock worth $136,290,000 after buying an additional 814,166 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Netgear by 5,182.0% in the second quarter. Riverhead Capital Management LLC now owns 439,516 shares of the company’s stock valued at $10,807,000 after buying an additional 431,195 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Netgear during the second quarter valued at $14,271,000. Rothschild Asset Management Inc. acquired a new stake in Netgear during the second quarter valued at $13,343,000. Finally, Prudential Financial Inc. increased its stake in Netgear by 77.6% in the first quarter. Prudential Financial Inc. now owns 498,537 shares of the company’s stock valued at $20,126,000 after buying an additional 217,800 shares in the last quarter. 99.48% of the stock is owned by institutional investors.
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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