NETGEAR, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $47.35, for a total value of $71,025.00. Following the completion of the sale, the senior vice president now directly owns 22,703 shares of the company’s stock, valued at approximately $1,074,987.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Monday, July 10th, Tamesa Rogers sold 1,500 shares of NETGEAR stock. The shares were sold at an average price of $44.15, for a total value of $66,225.00.
  • On Thursday, June 8th, Tamesa Rogers sold 1,500 shares of NETGEAR stock. The shares were sold at an average price of $44.90, for a total value of $67,350.00.

Shares of NETGEAR, Inc. (NASDAQ NTGR) traded down 2.37% during midday trading on Thursday, reaching $45.30. The company’s stock had a trading volume of 308,372 shares. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 20.79 and a beta of 1.55. NETGEAR, Inc. has a 12 month low of $41.50 and a 12 month high of $60.82. The company has a 50-day moving average price of $45.00 and a 200-day moving average price of $48.72.

NETGEAR (NASDAQ:NTGR) last posted its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.06. The firm had revenue of $330.72 million for the quarter, compared to analyst estimates of $324.64 million. NETGEAR had a return on equity of 10.67% and a net margin of 5.42%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 EPS. Equities analysts expect that NETGEAR, Inc. will post $2.68 earnings per share for the current year.

NETGEAR declared that its board has authorized a stock buyback program on Wednesday, April 26th that authorizes the company to buyback 3,000,000 outstanding shares. This buyback authorization authorizes the communications equipment provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

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Several equities research analysts recently commented on the company. Zacks Investment Research raised NETGEAR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Global Equities Research reissued a “buy” rating and issued a $85.00 price target on shares of NETGEAR in a research note on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $62.48.

Several hedge funds and other institutional investors have recently bought and sold shares of NTGR. BlackRock Inc. raised its position in NETGEAR by 38,710.4% in the first quarter. BlackRock Inc. now owns 4,184,534 shares of the communications equipment provider’s stock valued at $207,344,000 after buying an additional 4,173,752 shares during the period. Vanguard Group Inc. raised its position in NETGEAR by 2.3% in the first quarter. Vanguard Group Inc. now owns 3,151,201 shares of the communications equipment provider’s stock valued at $156,142,000 after buying an additional 69,931 shares during the period. Dimensional Fund Advisors LP raised its position in NETGEAR by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,698,315 shares of the communications equipment provider’s stock valued at $133,701,000 after buying an additional 16,318 shares during the period. Bank of New York Mellon Corp raised its position in NETGEAR by 33.3% in the second quarter. Bank of New York Mellon Corp now owns 1,720,748 shares of the communications equipment provider’s stock valued at $74,165,000 after buying an additional 429,429 shares during the period. Finally, Alliancebernstein L.P. raised its position in NETGEAR by 28.2% in the second quarter. Alliancebernstein L.P. now owns 1,417,760 shares of the communications equipment provider’s stock valued at $61,105,000 after buying an additional 311,735 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

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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