Netgear Inc. (NTGR) SVP Andrew Wonki Kim Sells 1,563 Shares of Stock

Netgear Inc. (NASDAQ:NTGR) SVP Andrew Wonki Kim sold 1,563 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $52.00, for a total transaction of $81,276.00. Following the sale, the senior vice president now directly owns 21,021 shares in the company, valued at approximately $1,093,092. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Andrew Wonki Kim also recently made the following trade(s):

  • On Monday, October 17th, Andrew Wonki Kim sold 1,563 shares of Netgear stock. The shares were sold at an average price of $52.00, for a total transaction of $81,276.00.
  • On Thursday, September 29th, Andrew Wonki Kim sold 19,062 shares of Netgear stock. The shares were sold at an average price of $59.57, for a total transaction of $1,135,523.34.

Netgear Inc. (NASDAQ:NTGR) traded up 0.87% during midday trading on Wednesday, reaching $51.90. 62,251 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 23.01 and a beta of 1.68. Netgear Inc. has a 52 week low of $33.39 and a 52 week high of $60.82. The firm’s 50 day moving average is $52.15 and its 200 day moving average is $51.26.

Netgear (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.05. Netgear had a net margin of 5.72% and a return on equity of 12.20%. The firm had revenue of $338.50 million for the quarter, compared to the consensus estimate of $323.82 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Netgear Inc. will post $3.00 earnings per share for the current year.

Insider Buying and Selling by Quarter for Netgear (NASDAQ:NTGR)

Several institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new position in Netgear during the third quarter valued at about $116,000. Victory Capital Management Inc. increased its position in Netgear by 29.3% in the third quarter. Victory Capital Management Inc. now owns 1,954 shares of the company’s stock valued at $118,000 after buying an additional 443 shares during the period. PNC Financial Services Group Inc. increased 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 period. PineBridge Investments L.P. increased 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 period. Finally, Amalgamated Bank bought a new position in Netgear during the second quarter valued at about $208,000. Hedge funds and other institutional investors own 97.54% of the company’s stock.

A number of analysts have recently issued reports on NTGR shares. BWS Financial raised their price target on shares of Netgear from $50.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Vetr downgraded shares of Netgear from a “hold” rating to a “sell” rating and set a $50.32 price target on the stock. in a report on Thursday, July 28th. Zacks Investment Research raised shares of Netgear from a “hold” rating to a “strong-buy” rating and set a $61.00 price target on the stock in a report on Tuesday, August 2nd. Wunderlich raised their price objective on shares of Netgear from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, September 8th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $61.00 price objective (up previously from $55.00) on shares of Netgear in a report on Wednesday, September 28th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Netgear presently has a consensus rating of “Buy” and a consensus price target of $57.04.

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Netgear Company Profile

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.

5 Day Chart for NASDAQ:NTGR

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