NetGear, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 1,500 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $59.40, for a total transaction of $89,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tamesa Rogers also recently made the following trade(s):

  • On Friday, December 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The shares were sold at an average price of $51.40, for a total transaction of $77,100.00.
  • On Wednesday, November 8th, Tamesa Rogers sold 1,500 shares of NetGear stock. The shares were sold at an average price of $45.40, for a total transaction of $68,100.00.

NetGear, Inc. (NASDAQ:NTGR) traded up $1.10 during midday trading on Wednesday, reaching $61.55. 478,737 shares of the company’s stock were exchanged, compared to its average volume of 495,150. The stock has a market cap of $1,940.00, a P/E ratio of 27.98 and a beta of 1.53. NetGear, Inc. has a 1-year low of $41.50 and a 1-year high of $61.95.

NetGear (NASDAQ:NTGR) last posted its 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. The business had revenue of $355.48 million for the quarter, compared to the consensus estimate of $349.36 million. NetGear had a net margin of 5.33% and a return on equity of 10.57%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. analysts expect that NetGear, Inc. will post 2.24 earnings per share for the current year.

Several institutional investors have recently modified their holdings of NTGR. Schwab Charles Investment Management Inc. grew its position in shares of NetGear by 4.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 303,397 shares of the communications equipment provider’s stock worth $13,077,000 after buying an additional 13,322 shares during the last quarter. SG Americas Securities LLC grew its position in shares of NetGear by 21.9% in the 2nd quarter. SG Americas Securities LLC now owns 9,319 shares of the communications equipment provider’s stock worth $402,000 after buying an additional 1,673 shares during the last quarter. Legal & General Group Plc grew its position in shares of NetGear by 7.5% in the 2nd quarter. Legal & General Group Plc now owns 62,101 shares of the communications equipment provider’s stock worth $2,677,000 after buying an additional 4,326 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of NetGear by 37.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,318 shares of the communications equipment provider’s stock worth $660,000 after buying an additional 4,179 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of NetGear by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,206 shares of the communications equipment provider’s stock worth $138,000 after buying an additional 482 shares during the last quarter. 97.52% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on NTGR shares. BidaskClub raised shares of NetGear from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. BWS Financial raised shares of NetGear from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, October 9th. Zacks Investment Research raised shares of NetGear from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Wednesday. Finally, Raymond James Financial raised shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 target price on the stock in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $62.20.

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About NetGear

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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