Netgear Inc. (NASDAQ:NTGR) Chairman Patrick Cs Lo sold 14,200 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $58.67, for a total transaction of $833,114.00. Following the completion of the sale, the chairman now directly owns 155,797 shares of the company’s stock, valued at $9,140,609.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Patrick Cs Lo also recently made the following trade(s):
- On Thursday, September 1st, Patrick Cs Lo sold 14,200 shares of Netgear stock. The stock was sold at an average price of $56.75, for a total transaction of $805,850.00.
- On Monday, August 1st, Patrick Cs Lo sold 14,200 shares of Netgear stock. The stock was sold at an average price of $51.34, for a total transaction of $729,028.00.
Netgear Inc. (NASDAQ:NTGR) opened at 58.42 on Tuesday. The company has a market capitalization of $1.91 billion, a P/E ratio of 27.79 and a beta of 1.92. The stock’s 50 day moving average is $57.67 and its 200 day moving average is $48.18. Netgear Inc. has a 52 week low of $30.59 and a 52 week high of $60.82.
Netgear (NASDAQ:NTGR) last posted its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.12. The company earned $311.66 million during the quarter, compared to analysts’ expectations of $298.87 million. Netgear had a net margin of 5.25% and a return on equity of 12.06%. Netgear’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share. On average, equities research analysts expect that Netgear Inc. will post $2.96 earnings per share for the current year.
Several analysts have weighed in on NTGR shares. Wunderlich started coverage on shares of Netgear in a research note on Wednesday, June 8th. They issued a “buy” rating and a $55.00 price target for the company. Rosenblatt Securities reissued a “buy” rating and issued a $47.50 price target on shares of Netgear in a research note on Thursday, June 9th. Zacks Investment Research downgraded shares of Netgear from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Citigroup Inc. downgraded shares of Netgear to a “neutral” rating and set a $47.50 price target for the company. in a research note on Tuesday, July 12th. They noted that the move was a valuation call. Finally, BWS Financial boosted their price target on shares of Netgear from $50.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $53.40.
A number of institutional investors have recently bought and sold shares of NTGR. PNC Financial Services Group Inc. boosted its position in Netgear by 949.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,791 shares of the company’s stock valued at $133,000 after buying an additional 2,525 shares during the last quarter. Royal Bank of Canada boosted its position in Netgear by 33.6% in the first quarter. Royal Bank of Canada now owns 3,505 shares of the company’s stock valued at $141,000 after buying an additional 882 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Netgear during the first quarter valued at $174,000. PineBridge Investments L.P. boosted its position in Netgear by 4.3% in the second quarter. PineBridge Investments L.P. now owns 4,130 shares of the company’s stock valued at $197,000 after buying an additional 169 shares during the last quarter. Finally, Amalgamated Bank bought a new position in Netgear during the second quarter valued at $208,000. 99.48% of the stock is owned by institutional investors.
NETGEAR, Inc is a global networking company. The Company’s product line consists of devices, such as network attached storage, Internet protocol security cameras, and home automation devices and services. Its segments include retail, commercial and service provider. The retail business unit consists of home networking, home video security, storage and digital media products.
Receive News & Ratings for Netgear Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netgear Inc. and related companies with MarketBeat.com's FREE daily email newsletter.