Netgear Inc. (NASDAQ:NTGR)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $53.39 and last traded at $53.24, with a volume of 118,006 shares changing hands. The stock had previously closed at $52.96.

Several equities analysts recently commented on the stock. BWS Financial upped their price target on shares of Netgear from $50.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Rosenblatt Securities upped 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. Zacks Investment Research upgraded shares of Netgear from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a research note on Tuesday, August 2nd. Vetr downgraded 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. Finally, Wunderlich initiated 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. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $49.98.

The firm has a market capitalization of $1.74 billion and a PE ratio of 25.30. The firm has a 50 day moving average of $49.08 and a 200 day moving average of $42.60.

Netgear (NASDAQ:NTGR) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.12. The business earned $311.66 million during the quarter, compared to analysts’ expectations of $298.87 million. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. Equities analysts expect that Netgear Inc. will post $2.94 earnings per share for the current fiscal year.

In related news, SVP Michael F. Falcon sold 521 shares of the firm’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $49.75, for a total transaction of $25,919.75. Following the completion of the sale, the senior vice president now directly owns 35,870 shares in the company, valued at $1,784,532.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael F. Falcon sold 1,042 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $52.17, for a total transaction of $54,361.14. Following the sale, the senior vice president now owns 35,870 shares of the company’s stock, valued at $1,871,337.90. The disclosure for this sale can be found here.

A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in 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. Systematic Financial Management LP boosted its stake in Netgear by 44.8% in the fourth quarter. Systematic Financial Management LP now owns 109,825 shares of the company’s stock valued at $4,602,000 after buying an additional 33,965 shares during the last quarter. Marshall Wace LLP purchased a new stake in Netgear during the fourth quarter valued at about $1,017,000. Bank of Montreal Can boosted its stake in Netgear by 40.5% in the fourth quarter. Bank of Montreal Can now owns 79,258 shares of the company’s stock valued at $3,321,000 after buying an additional 22,856 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in Netgear by 108.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 117,602 shares of the company’s stock valued at $4,928,000 after buying an additional 61,102 shares during the last quarter.

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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