Netgear Inc. (NASDAQ:NTGR) reached 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 changing hands. The stock had previously closed at $54.77.

NTGR has been the topic of several research reports. Vetr raised Netgear from a “sell” rating to a “hold” rating and set a $50.82 price target on the stock in a research report on Monday, August 1st. Citigroup Inc. lowered Netgear to a “neutral” rating and set a $47.50 price target on the stock. in a research report on Tuesday, July 12th. They noted that the move was a valuation call. Zacks Investment Research raised Netgear from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Saturday, April 30th. Wunderlich initiated coverage on Netgear in a research report on Wednesday, June 8th. They issued a “buy” rating and a $55.00 target price on the stock. Finally, Rosenblatt Securities lowered Netgear from a “buy” rating to a “neutral” rating and set a $47.50 target price on the stock. in a research report on Tuesday, July 12th. Five research 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 company. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.98.

The stock has a 50-day moving average of $50.62 and a 200-day moving average of $43.59. The firm has a market capitalization of $1.82 billion and a P/E ratio of 26.45.

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

In other news, Chairman Patrick Cs Lo sold 14,200 shares of Netgear stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $51.34, for a total transaction of $729,028.00. Following the sale, the chairman now owns 155,797 shares of the company’s stock, valued at approximately $7,998,617.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael F. Falcon sold 1,042 shares of Netgear stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $52.17, for a total value of $54,361.14. Following the sale, the senior vice president now directly owns 35,870 shares in the company, valued at approximately $1,871,337.90. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in NTGR. Dimensional Fund Advisors LP raised its stake 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 valued at $105,899,000 after buying an additional 167,599 shares during the last quarter. Systematic Financial Management LP raised its stake 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 valued at $4,602,000 after buying an additional 33,965 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Netgear during the fourth quarter valued at $1,017,000. Bank of Montreal Can raised its stake 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 valued at $3,321,000 after buying an additional 22,856 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake 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 valued at $3,758,000 after buying an additional 58,070 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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