Netgear Inc. (NASDAQ:NTGR) has received an average rating of “Hold” from the eight research firms that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $54.33.

A number of analysts recently issued reports on the stock. BWS Financial downgraded shares of Netgear from a “buy” rating to a “hold” rating and dropped their target price for the stock from $64.00 to $60.00 in a research report on Monday, October 3rd. Rosenblatt Securities reissued a “neutral” rating and set a $61.00 target price (up previously from $55.00) on shares of Netgear in a research report on Wednesday, September 28th. Zacks Investment Research downgraded shares of Netgear from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Vetr raised shares of 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 increased their price objective on shares of Netgear from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, September 8th.

In other news, SVP Michael F. Falcon sold 1,042 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $59.63, for a total transaction of $62,134.46. Following the completion of the transaction, the senior vice president now directly owns 35,870 shares in the company, valued at approximately $2,138,928.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Michael F. Falcon sold 521 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $55.07, for a total value of $28,691.47. Following the transaction, the senior vice president now owns 35,870 shares of the company’s stock, valued at $1,975,360.90. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in NTGR. Renaissance Technologies LLC boosted its position in shares of Netgear by 19.6% in the first quarter. Renaissance Technologies LLC now owns 773,900 shares of the company’s stock valued at $31,242,000 after buying an additional 127,000 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of Netgear by 9.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 970,349 shares of the company’s stock valued at $39,173,000 after buying an additional 79,973 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of 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. Nationwide Fund Advisors boosted its position in shares of Netgear by 7.8% in the second quarter. Nationwide Fund Advisors now owns 54,360 shares of the company’s stock valued at $2,584,000 after buying an additional 3,926 shares during the period. Finally, UBS Group AG boosted its position in shares of 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. Institutional investors own 99.62% of the company’s stock.

Shares of Netgear (NASDAQ:NTGR) opened at 50.30 on Tuesday. The stock’s 50 day moving average is $53.91 and its 200 day moving average is $50.53. The stock has a market cap of $1.66 billion, a P/E ratio of 22.30 and a beta of 1.68. Netgear has a 12 month low of $33.39 and a 12 month high of $60.82.

Netgear (NASDAQ:NTGR) last posted its earnings results on Wednesday, October 26th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.05. The firm earned $338.50 million during the quarter, compared to the consensus estimate of $323.82 million. Netgear had a net margin of 5.72% and a return on equity of 12.20%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. Analysts predict that Netgear will post $3.00 earnings per share for the current fiscal year.

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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