Netgear Inc. (NASDAQ:NTGR) SVP Andrew Wonki Kim sold 1,563 shares of the firm’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $52.00, for a total transaction of $81,276.00. Following the completion of the transaction, the senior vice president now directly owns 21,021 shares in the company, valued at $1,093,092. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Andrew Wonki Kim also recently made the following trade(s):
- 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.
- On Wednesday, August 17th, Andrew Wonki Kim sold 665 shares of Netgear stock. The shares were sold at an average price of $55.48, for a total transaction of $36,894.20.
Shares of Netgear Inc. (NASDAQ:NTGR) opened at 52.70 on Wednesday. The company’s 50-day moving average is $56.89 and its 200 day moving average is $49.22. Netgear Inc. has a 52-week low of $31.96 and a 52-week high of $60.82. The firm has a market capitalization of $1.73 billion, a P/E ratio of 25.07 and a beta of 1.92.
Netgear (NASDAQ:NTGR) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.12. The business had revenue of $311.66 million for the quarter, compared to the consensus estimate of $298.87 million. Netgear had a net margin of 5.25% and a return on equity of 12.06%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. Analysts expect that Netgear Inc. will post $2.96 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Netgear by 7.0% in the second quarter. Vanguard Group Inc. now owns 2,890,854 shares of the company’s stock valued at $137,431,000 after buying an additional 189,300 shares during the period. FMR LLC increased its stake in shares of Netgear by 39.7% in the second quarter. FMR LLC now owns 2,866,848 shares of the company’s stock worth $136,290,000 after buying an additional 814,166 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Netgear by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,721,426 shares of the company’s stock worth $129,375,000 after buying an additional 11,749 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Netgear by 4.0% in the second quarter. BlackRock Fund Advisors now owns 2,123,816 shares of the company’s stock worth $100,966,000 after buying an additional 80,868 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Netgear by 0.6% in the second quarter. LSV Asset Management now owns 1,658,973 shares of the company’s stock worth $78,867,000 after buying an additional 9,882 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on NTGR. BWS Financial raised their target price on shares of Netgear from $50.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Zacks Investment Research lowered shares of Netgear from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 28th. Vetr raised shares of Netgear from a “hold” rating to a “buy” rating and set a $61.09 target price on the stock in a report on Wednesday, September 21st. Rosenblatt Securities reissued a “neutral” rating and issued a $61.00 target price (up from $55.00) on shares of Netgear in a report on Wednesday, September 28th. Finally, Wunderlich raised their target price on shares of Netgear from $58.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, September 8th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.36.
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.
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