NETGEAR, Inc. (NASDAQ:NTGR) SVP Michael F. Falcon sold 1,042 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $51.30, for a total value of $53,454.60. Following the transaction, the senior vice president now directly owns 34,612 shares of the company’s stock, valued at $1,775,595.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NETGEAR, Inc. (NASDAQ:NTGR) traded down $0.10 during trading on Wednesday, reaching $50.85. The company had a trading volume of 227,206 shares, compared to its average volume of 398,486. NETGEAR, Inc. has a 52 week low of $41.50 and a 52 week high of $59.92. The company has a market capitalization of $1,590.00, a price-to-earnings ratio of 20.52 and a beta of 1.52.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. NETGEAR had a return on equity of 10.57% and a net margin of 5.33%. The company had revenue of $355.48 million during the quarter, compared to analyst estimates of $349.36 million. During the same period in the prior year, the company earned $0.76 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. research analysts anticipate that NETGEAR, Inc. will post 2.24 EPS for the current year.

A number of equities analysts recently commented on the company. Zacks Investment Research lowered NETGEAR from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. BWS Financial raised NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $62.75.

Several large investors have recently bought and sold shares of NTGR. Aperio Group LLC lifted its stake in shares of NETGEAR by 8.5% in the 2nd quarter. Aperio Group LLC now owns 11,602 shares of the communications equipment provider’s stock valued at $500,000 after purchasing an additional 907 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of NETGEAR by 2.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,350 shares of the communications equipment provider’s stock valued at $403,000 after purchasing an additional 210 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of NETGEAR by 2.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 47,387 shares of the communications equipment provider’s stock valued at $2,039,000 after purchasing an additional 1,200 shares during the last quarter. Sei Investments Co. lifted its stake in shares of NETGEAR by 11.9% in the 2nd quarter. Sei Investments Co. now owns 82,234 shares of the communications equipment provider’s stock valued at $3,544,000 after purchasing an additional 8,747 shares during the last quarter. Finally, Global X Management Co. LLC lifted its stake in shares of NETGEAR by 30.6% in the 2nd quarter. Global X Management Co. LLC now owns 12,455 shares of the communications equipment provider’s stock valued at $537,000 after purchasing an additional 2,916 shares during the last quarter. 97.52% of the stock is owned by institutional investors and hedge funds.

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NETGEAR Company Profile

NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.

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

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