Netgear Inc. (NASDAQ:NTGR) SVP Michael F. Falcon sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $54.87, for a total value of $274,350.00. Following the transaction, the senior vice president now owns 32,349 shares of the company’s stock, valued at approximately $1,774,989.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Netgear Inc. (NASDAQ:NTGR) traded down 1.28% on Wednesday, hitting $53.41. The company’s stock had a trading volume of 319,149 shares. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 25.41 and a beta of 1.92. Netgear Inc. has a one year low of $31.65 and a one year high of $60.82. The stock has a 50-day moving average price of $57.45 and a 200 day moving average price of $48.81.

Netgear (NASDAQ:NTGR) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.12. The business earned $311.66 million during the quarter, compared to the consensus estimate of $298.87 million. Netgear had a net margin of 5.25% and a return on equity of 12.06%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Equities research analysts predict that Netgear Inc. will post $2.96 EPS for the current year.

Insider Buying and Selling by Quarter for Netgear (NASDAQ:NTGR)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hancock Holding Co. bought a new position in Netgear during the first quarter valued at $343,000. Goldman Sachs Group Inc. increased its position in Netgear by 16.9% in the first quarter. Goldman Sachs Group Inc. now owns 225,889 shares of the company’s stock valued at $9,119,000 after buying an additional 32,668 shares during the period. UBS Group AG increased its position in Netgear by 82.7% in the first quarter. UBS Group AG now owns 36,320 shares of the company’s stock valued at $1,466,000 after buying an additional 16,443 shares during the period. Landscape Capital Management L.L.C. increased its position in Netgear by 89.4% in the first quarter. Landscape Capital Management L.L.C. now owns 23,300 shares of the company’s stock valued at $941,000 after buying an additional 11,000 shares during the period. Finally, Acrospire Investment Management LLC bought a new position in Netgear during the first quarter valued at $174,000. Hedge funds and other institutional investors own 99.48% of the company’s stock.

A number of brokerages have recently weighed in on NTGR. BWS Financial lowered Netgear from a “buy” rating to a “hold” rating and cut their price objective for the company from $64.00 to $60.00 in a research report on Monday, October 3rd. Rosenblatt Securities restated a “neutral” rating and set a $61.00 price objective (up previously from $55.00) on shares of Netgear in a research report on Wednesday, September 28th. Zacks Investment Research lowered Netgear from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Vetr upgraded Netgear from a “hold” rating to a “buy” rating and set a $61.09 price objective for the company in a research report on Wednesday, September 21st. Finally, Wunderlich lifted their price target on Netgear from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, September 8th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $53.36.

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.

5 Day Chart for NASDAQ:NTGR

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