NetGear, Inc. (NASDAQ:NTGR) insider Mark G. Merrill sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $54.05, for a total transaction of $162,150.00. Following the completion of the transaction, the insider now directly owns 30,659 shares of the company’s stock, valued at approximately $1,657,118.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NetGear, Inc. (NASDAQ:NTGR) traded up $4.20 during midday trading on Monday, hitting $59.55. 802,599 shares of the stock traded hands, compared to its average volume of 407,943. NetGear, Inc. has a twelve month low of $41.50 and a twelve month high of $59.95. The stock has a market capitalization of $1,741.86, a price-to-earnings ratio of 22.23 and a beta of 1.52.

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

Institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its stake in NetGear by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,206 shares of the communications equipment provider’s stock worth $138,000 after acquiring an additional 482 shares during the last quarter. Amalgamated Bank purchased a new position in NetGear in the third quarter worth approximately $207,000. M&T Bank Corp lifted its stake in NetGear by 31.5% in the second quarter. M&T Bank Corp now owns 5,428 shares of the communications equipment provider’s stock worth $234,000 after acquiring an additional 1,300 shares during the last quarter. First Mercantile Trust Co. lifted its stake in NetGear by 12.4% in the second quarter. First Mercantile Trust Co. now owns 6,038 shares of the communications equipment provider’s stock worth $260,000 after acquiring an additional 668 shares during the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new position in NetGear in the third quarter worth approximately $286,000. Institutional investors own 97.52% of the company’s stock.

Several research analysts have recently commented on NTGR shares. BWS Financial raised shares of NetGear from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, October 9th. Zacks Investment Research lowered shares of NetGear from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. BidaskClub raised shares of NetGear from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Raymond James Financial raised shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research note on Monday. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. NetGear has an average rating of “Hold” and a consensus price target of $62.60.

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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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