Shares of NetGear, Inc. (NASDAQ:NTGR) have earned a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $72.50.

Several equities analysts recently weighed in on the stock. BidaskClub cut shares of NetGear from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. TheStreet cut shares of NetGear from a “b-” rating to a “c+” rating in a research note on Monday, August 13th. ValuEngine cut shares of NetGear from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Raymond James set a $80.00 target price on shares of NetGear and gave the company a “buy” rating in a research note on Wednesday, September 5th. Finally, Zacks Investment Research raised shares of NetGear from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 27th.

In other NetGear news, Chairman Patrick Cs Lo sold 13,999 shares of the stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $63.45, for a total transaction of $888,236.55. Following the completion of the transaction, the chairman now owns 203,279 shares in the company, valued at $12,898,052.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael F. Falcon sold 521 shares of the stock in a transaction on Friday, August 24th. The shares were sold at an average price of $72.80, for a total transaction of $37,928.80. Following the transaction, the senior vice president now owns 41,326 shares of the company’s stock, valued at approximately $3,008,532.80. The disclosure for this sale can be found here. Insiders have sold 58,302 shares of company stock valued at $3,888,407 over the last ninety days. 5.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in NTGR. BTIM Corp. bought a new position in NetGear during the second quarter valued at $33,528,000. Acadian Asset Management LLC bought a new position in NetGear during the second quarter valued at $17,811,000. BlackRock Inc. lifted its position in NetGear by 5.5% during the second quarter. BlackRock Inc. now owns 4,566,762 shares of the communications equipment provider’s stock valued at $285,423,000 after purchasing an additional 236,386 shares during the last quarter. Millennium Management LLC lifted its position in NetGear by 623.9% during the first quarter. Millennium Management LLC now owns 268,105 shares of the communications equipment provider’s stock valued at $15,336,000 after purchasing an additional 231,070 shares during the last quarter. Finally, UBS Group AG lifted its position in NetGear by 342.5% during the first quarter. UBS Group AG now owns 214,527 shares of the communications equipment provider’s stock valued at $12,271,000 after purchasing an additional 166,046 shares during the last quarter.

Shares of NASDAQ NTGR traded up $0.35 during midday trading on Monday, reaching $63.15. The stock had a trading volume of 2,499 shares, compared to its average volume of 250,481. The stock has a market cap of $2.01 billion, a PE ratio of 27.22 and a beta of 2.03. NetGear has a 12-month low of $44.20 and a 12-month high of $78.30.

NetGear (NASDAQ:NTGR) last announced its quarterly earnings data on Monday, July 23rd. The communications equipment provider reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.06. The firm had revenue of $366.80 million during the quarter, compared to analysts’ expectations of $350.60 million. NetGear had a negative net margin of 0.74% and a positive return on equity of 9.97%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 earnings per share. sell-side analysts expect that NetGear will post 1.36 earnings per share for the current fiscal year.

NetGear Company Profile

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters.

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