Netgear Inc. (NASDAQ:NTGR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.69 and last traded at $55.51, with a volume of 145,985 shares traded. The stock had previously closed at $54.77.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Netgear from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, August 2nd. Vetr upgraded Netgear from a “sell” rating to a “hold” rating and set a $50.82 price objective for the company in a research note on Monday, August 1st. BWS Financial upped their price objective on Netgear from $50.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Rosenblatt Securities downgraded Netgear from a “buy” rating to a “neutral” rating and set a $47.50 price objective for the company. in a research note on Tuesday, July 12th. Finally, Citigroup Inc. downgraded Netgear to a “neutral” rating and set a $47.50 price objective for the company. in a research note on Tuesday, July 12th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $49.98.

The company’s 50-day moving average price is $50.05 and its 200 day moving average price is $43.24. The stock has a market cap of $1.82 billion and a PE ratio of 26.48.

Netgear (NASDAQ:NTGR) last released its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.12. During the same quarter in the previous year, the business earned $0.29 EPS. The firm earned $311.66 million during the quarter, compared to analysts’ expectations of $298.87 million. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts forecast that Netgear Inc. will post $2.95 earnings per share for the current fiscal year.

In other Netgear news, SVP Michael F. Falcon sold 1,042 shares of Netgear stock in a transaction 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 owns 35,870 shares in the company, valued at $1,871,337.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tamesa Rogers sold 650 shares of Netgear stock in a transaction on Friday, July 29th. The shares were sold at an average price of $52.25, for a total value of $33,962.50. Following the transaction, the senior vice president now owns 13,525 shares of the company’s stock, valued at approximately $706,681.25. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in shares of Netgear during the fourth quarter worth about $1,017,000. Bank of Montreal Can boosted its position in shares of Netgear by 40.5% in the fourth quarter. Bank of Montreal Can now owns 79,258 shares of the company’s stock worth $3,321,000 after buying an additional 22,856 shares during the last quarter. 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 last quarter. Systematic Financial Management LP boosted its position in shares of Netgear by 44.8% in the fourth quarter. Systematic Financial Management LP now owns 109,825 shares of the company’s stock worth $4,602,000 after buying an additional 33,965 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 worth $105,899,000 after buying an additional 167,599 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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