Netgear Inc. (NASDAQ:NTGR) SVP Andrew Wonki Kim sold 1,563 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $52.00, for a total value of $81,276.00. Following the sale, the senior vice president now owns 21,021 shares of the company’s stock, valued at $1,093,092. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Monday, October 17th, Andrew Wonki Kim sold 1,563 shares of Netgear stock. The stock was sold at an average price of $52.00, for a total value of $81,276.00.
  • On Thursday, September 29th, Andrew Wonki Kim sold 19,062 shares of Netgear stock. The stock was sold at an average price of $59.57, for a total value of $1,135,523.34.

Shares of Netgear Inc. (NASDAQ:NTGR) traded down 0.87% on Tuesday, hitting $51.45. The stock had a trading volume of 303,475 shares. The firm has a market cap of $1.70 billion, a PE ratio of 22.81 and a beta of 1.68. Netgear Inc. has a 52-week low of $33.39 and a 52-week high of $60.82. The firm’s 50-day moving average price is $52.34 and its 200 day moving average price is $51.19.

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

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

A number of equities research analysts have commented on NTGR shares. Vetr upgraded Netgear from a “hold” rating to a “buy” rating and set a $61.09 price target for the company in a research note on Wednesday, September 21st. Zacks Investment Research cut Netgear from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Wunderlich increased their price target on Netgear from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Rosenblatt Securities upgraded Netgear from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Thursday, October 27th. Finally, BWS Financial cut Netgear from a “buy” rating to a “hold” rating and decreased their price target for the company from $64.00 to $60.00 in a research note on Monday, October 3rd. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $57.04.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its position in 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 in the last quarter. Bank of Montreal Can acquired a new position in Netgear during the second quarter valued at about $2,954,000. UBS Group AG boosted 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Netgear by 5.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 152,003 shares of the company’s stock valued at $7,227,000 after buying an additional 7,965 shares in the last quarter. Finally, BlackRock Advisors LLC boosted its position in Netgear by 11.3% in the second quarter. BlackRock Advisors LLC now owns 72,005 shares of the company’s stock valued at $3,423,000 after buying an additional 7,301 shares in the last quarter. 97.54% of the stock is owned by hedge funds and other institutional investors.

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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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