Netgear Inc. (NASDAQ:NTGR) shares hit a new 52-week high on Friday . The company traded as high as $49.21 and last traded at $49.04, with a volume of 128,815 shares trading hands. The stock had previously closed at $47.82.

A number of research analysts recently weighed in on NTGR shares. Sterne Agee CRT started coverage on shares of Netgear in a research note on Tuesday, April 5th. They issued a “neutral” rating and a $43.00 price target on the stock. Zacks Investment Research lowered shares of Netgear from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 7th. Vetr lowered shares of Netgear from a “strong-buy” rating to a “buy” rating and set a $44.00 target price on the stock. in a research note on Wednesday, April 13th. Rosenblatt Securities raised their target price on shares of Netgear from $42.50 to $47.50 and gave the stock a “buy” rating in a research note on Thursday, April 28th. Finally, Wunderlich began coverage on shares of Netgear in a research note on Wednesday, June 8th. They issued a “buy” rating and a $55.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Netgear currently has a consensus rating of “Buy” and a consensus price target of $45.79.

The firm has a market cap of $1.59 billion and a price-to-earnings ratio of 28.46. The firm has a 50-day moving average price of $45.97 and a 200-day moving average price of $41.08.

Netgear (NASDAQ:NTGR) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.14. The firm had revenue of $310.26 million for the quarter, compared to analyst estimates of $298.59 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. On average, equities research analysts predict that Netgear Inc. will post $2.81 earnings per share for the current fiscal year.

In other news, SVP Michael A. Werdann sold 39,835 shares of the business’s stock in a transaction dated Wednesday, April 13th. The shares were sold at an average price of $38.79, for a total transaction of $1,545,199.65. Following the transaction, the senior vice president now directly owns 50,722 shares in the company, valued at $1,967,506.38. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Tamesa Rogers sold 650 shares of the business’s stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $43.53, for a total transaction of $28,294.50. Following the transaction, the senior vice president now owns 14,653 shares in the company, valued at $637,845.09. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. Russell Frank Co raised its position in shares of Netgear by 263.1% in the fourth quarter. Russell Frank Co now owns 358,637 shares of the company’s stock worth $15,310,000 after buying an additional 259,871 shares during the period. Nationwide Fund Advisors raised its position in shares of Netgear by 161.4% in the fourth quarter. Nationwide Fund Advisors now owns 63,083 shares of the company’s stock worth $2,644,000 after buying an additional 38,947 shares during the period. California State Teachers Retirement System raised its position in shares of Netgear by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 59,516 shares of the company’s stock worth $2,494,000 after buying an additional 907 shares during the period. American Century Companies Inc. purchased a new position in shares of Netgear during the fourth quarter worth about $6,355,000. Finally, Chicago Equity Partners LLC purchased a new position in shares of Netgear during the fourth quarter worth about $2,293,000.

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. The Company’s business is managed in three business segments: retail, commercial and service provider.

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