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

A number of equities research analysts have recently issued reports on NTGR shares. Citigroup Inc. lowered Netgear to a “neutral” rating and set a $47.50 price target for the company. in a research report on Tuesday, July 12th. They noted that the move was a valuation call. Sterne Agee CRT started coverage on Netgear in a research report on Tuesday, April 5th. They issued a “neutral” rating and a $43.00 price target for the company. Vetr lowered Netgear from a “strong-buy” rating to a “buy” rating and set a $44.00 price target for the company. in a research report on Wednesday, April 20th. Zacks Investment Research upgraded Netgear from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Saturday, April 30th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $47.50 price target on shares of Netgear in a research report on Thursday, June 9th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $46.00.

The company has a 50-day moving average price of $47.27 and a 200-day moving average price of $41.47. The stock has a market cap of $1.61 billion and a P/E ratio of 28.84.

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

In other news, SVP Tamesa Rogers sold 650 shares of Netgear stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $43.53, for a total transaction of $28,294.50. Following the completion of the sale, the senior vice president now directly owns 14,653 shares in the company, valued at approximately $637,845.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrick Cs Lo sold 13,900 shares of Netgear stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $41.70, for a total transaction of $579,630.00. Following the sale, the chief executive officer now owns 163,490 shares of the company’s stock, valued at $6,817,533. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have modified their holdings of the company. Nationwide Fund Advisors boosted 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 boosted 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. Profund Advisors LLC boosted its position in shares of Netgear by 23.6% in the fourth quarter. Profund Advisors LLC now owns 24,710 shares of the company’s stock worth $1,036,000 after buying an additional 4,722 shares during the period. New York State Common Retirement Fund boosted its position in shares of Netgear by 183.8% in the fourth quarter. New York State Common Retirement Fund now owns 89,670 shares of the company’s stock worth $3,758,000 after buying an additional 58,070 shares during the period. Finally, Boston Partners boosted 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 worth $15,145,000 after buying an additional 20,828 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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