NetGear, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 3,724 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $31.00, for a total value of $115,444.00. Following the transaction, the senior vice president now owns 44,865 shares in the company, valued at $1,390,815. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NetGear stock traded up $0.98 during trading hours on Friday, hitting $34.25. 616,868 shares of the stock traded hands, compared to its average volume of 381,632. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.66 and a quick ratio of 1.82. The firm’s 50 day moving average price is $26.33. The firm has a market capitalization of $1.08 billion, a PE ratio of 19.68 and a beta of 1.72. NetGear, Inc. has a 1 year low of $24.63 and a 1 year high of $75.25.
NetGear (NASDAQ:NTGR) last posted its quarterly earnings results on Wednesday, July 24th. The communications equipment provider reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.14). The firm had revenue of $230.85 million for the quarter, compared to analysts’ expectations of $224.35 million. NetGear had a net margin of 0.91% and a return on equity of 6.99%. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. Sell-side analysts expect that NetGear, Inc. will post 2.06 earnings per share for the current year.
NTGR has been the topic of several research analyst reports. Guggenheim restated a “hold” rating on shares of Tempur Sealy International in a research note on Wednesday, June 19th. Deutsche Bank set a $142.00 target price on MCCORMICK & CO /SH and gave the stock a “hold” rating in a research note on Friday, June 28th. ValuEngine downgraded Welbilt from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research downgraded Great Portland Estates from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Finally, BidaskClub downgraded Zai Lab from a “strong-buy” rating to a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $52.33.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTGR. Arizona State Retirement System acquired a new position in shares of NetGear during the second quarter valued at approximately $1,235,000. Virginia Retirement Systems ET AL purchased a new stake in shares of NetGear in the second quarter valued at approximately $577,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of NetGear in the second quarter valued at approximately $314,000. KMG Fiduciary Partners LLC purchased a new position in NetGear in the second quarter worth approximately $521,000. Finally, Rothschild & Co. Asset Management US Inc. purchased a new position in NetGear in the second quarter worth approximately $19,210,000. 99.67% of the stock is owned by institutional investors.
NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. It operates in two segments, Connected Home, and Small and Medium Business. The company offers smart home/connected home/broadband access products, such as broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, WiFi network adapters, and digital canvasses; and value added service offerings, including technical support, parental controls, and cybersecurity protection.
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