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

A number of research firms recently commented on NTGR. Zacks Investment Research raised Netgear from a “hold” rating to a “strong-buy” rating and set a $61.00 price target for the company in a research report on Tuesday, August 2nd. Vetr lowered Netgear from a “hold” rating to a “sell” rating and set a $50.32 price target for the company. in a research report on Thursday, July 28th. Rosenblatt Securities lowered Netgear from a “buy” rating to a “neutral” rating and set a $47.50 price target for the company. in a research report on Tuesday, July 12th. 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. Finally, BWS Financial raised their target price on Netgear from $50.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $49.98.

The firm has a market capitalization of $1.79 billion and a PE ratio of 26.03. The stock’s 50 day moving average is $49.48 and its 200 day moving average is $42.94.

Netgear (NASDAQ:NTGR) last released its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.12. During the same quarter in the prior year, the business posted $0.29 EPS. The business had revenue of $311.66 million for the quarter, compared to analysts’ expectations of $298.87 million. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities research analysts predict that Netgear Inc. will post $2.95 earnings per share for the current year.

In related news, SVP Michael F. Falcon sold 1,042 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $52.17, for a total transaction of $54,361.14. Following the completion of the transaction, the senior vice president now directly owns 35,870 shares of the company’s stock, valued at $1,871,337.90. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Andrew Wonki Kim sold 1,092 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $43.00, for a total value of $46,956.00. Following the transaction, the senior vice president now directly owns 24,000 shares of the company’s stock, valued at $1,032,000. The disclosure for this sale can be found here.

Several large investors recently bought and sold shares of the stock. New York State Common Retirement Fund raised its stake in Netgear by 183.8% in the fourth quarter. New York State Common Retirement Fund now owns 89,670 shares of the company’s stock valued at $3,758,000 after buying an additional 58,070 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised 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. Bank of Montreal Can raised 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. Marshall Wace LLP bought a new stake in Netgear during the fourth quarter valued at about $1,017,000. Finally, Systematic Financial Management LP raised 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.

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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