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

Several analysts recently issued reports on NTGR shares. Rosenblatt Securities boosted their target price on shares of Netgear from $42.50 to $47.50 and gave the company a “buy” rating in a research report on Thursday, April 28th. Zacks Investment Research upgraded shares of Netgear from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Saturday, April 30th. Vetr lowered shares of Netgear from a “strong-buy” rating to a “buy” rating and set a $44.00 target price for the company. in a research report on Wednesday, April 13th. Wunderlich started coverage on shares of Netgear in a research report on Wednesday, June 8th. They set a “buy” rating and a $55.00 target price for the company. Finally, Sterne Agee CRT started coverage on shares of Netgear in a research report on Tuesday, April 5th. They set a “neutral” rating and a $43.00 target price for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $45.79.

The stock has a market cap of $1.60 billion and a price-to-earnings ratio of 28.56. The firm’s 50-day moving average is $46.18 and its 200 day moving average is $41.13.

Netgear (NASDAQ:NTGR) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.14. During the same period in the previous year, the company posted $0.46 earnings per share. The firm had revenue of $310.26 million for the quarter, compared to analysts’ expectations of $298.59 million. The business’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts forecast that Netgear Inc. will post $2.81 EPS for the current fiscal year.

In related news, SVP Tamesa Rogers sold 650 shares of the stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $43.53, for a total value of $28,294.50. Following the completion of the transaction, the senior vice president now directly owns 14,653 shares of the company’s stock, valued at approximately $637,845.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael A. Werdann sold 39,835 shares of the stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now directly owns 50,722 shares of the company’s stock, valued at $1,967,506.38. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Netgear by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,526,805 shares of the company’s stock valued at $105,899,000 after buying an additional 167,599 shares during the last quarter. Boston Partners raised its position in shares of Netgear by 6.1% in the fourth quarter. Boston Partners now owns 361,373 shares of the company’s stock valued at $15,145,000 after buying an additional 20,828 shares during the last quarter. 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 valued at $15,310,000 after buying an additional 259,871 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Netgear by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 214,899 shares of the company’s stock valued at $9,006,000 after buying an additional 4,540 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in shares of Netgear during the fourth quarter valued at approximately $6,355,000.

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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