Netgear Inc. (NASDAQ:NTGR) shares reached a new 52-week high during trading on Monday . The company traded as high as $50.27 and last traded at $49.89, with a volume of 76,487 shares. The stock had previously closed at $49.50.

A number of research firms have recently commented on NTGR. Rosenblatt Securities cut shares of Netgear from a “buy” rating to a “neutral” rating and set a $47.50 price target on the stock. in a report on Tuesday, July 12th. Citigroup Inc. cut shares of Netgear to a “neutral” rating and set a $47.50 price target on the stock. in a report on Tuesday, July 12th. They noted that the move was a valuation call. Wunderlich assumed coverage on shares of Netgear in a report on Wednesday, June 8th. They issued a “buy” rating and a $55.00 price target on the stock. Zacks Investment Research cut shares of Netgear from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Sterne Agee CRT assumed coverage on shares of Netgear in a report on Tuesday, April 5th. They set a “neutral” rating and a $43.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Netgear presently has a consensus rating of “Hold” and a consensus price target of $46.00.

The firm’s 50 day moving average price is $47.06 and its 200-day moving average price is $41.38. The stock has a market cap of $1.63 billion and a price-to-earnings ratio of 29.06.

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

In related news, SVP Michael A. Werdann sold 1,348 shares of the business’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $49.54, for a total value of $66,779.92. Following the sale, the senior vice president now directly owns 24,750 shares in the company, valued at approximately $1,226,115. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jef Graham sold 6,150 shares of the business’s stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $40.00, for a total transaction of $246,000.00. Following the completion of the sale, the director now owns 14,726 shares in the company, valued at $589,040. The disclosure for this sale can be found here.

Other hedge funds recently modified their holdings of the company. Marshall Wace LLP bought a new stake in shares of Netgear during the fourth quarter valued at about $1,017,000. Profund Advisors LLC raised its stake in shares of Netgear by 23.6% in the fourth quarter. Profund Advisors LLC now owns 24,710 shares of the company’s stock valued at $1,036,000 after buying an additional 4,722 shares during the period. Quantitative Investment Management LLC bought a new stake in shares of Netgear during the fourth quarter valued at about $1,131,000. California State Teachers Retirement System raised its stake 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 valued at $2,494,000 after buying an additional 907 shares during the period. Finally, Nationwide Fund Advisors raised its stake in shares of Netgear by 161.4% in the fourth quarter. Nationwide Fund Advisors now owns 63,083 shares of the company’s stock valued at $2,644,000 after buying an additional 38,947 shares during the period.

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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