Netgear Inc. (NASDAQ:NTGR) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $56.47 and last traded at $56.04, with a volume of 106,489 shares trading hands. The stock had previously closed at $56.07.

Several equities research analysts have recently weighed in on NTGR shares. Zacks Investment Research upgraded Netgear from a “hold” rating to a “strong-buy” rating and set a $61.00 price target on the stock in a report on Tuesday, August 2nd. Vetr upgraded Netgear from a “sell” rating to a “hold” rating and set a $50.82 price target on the stock in a report on Monday, August 1st. BWS Financial increased their price target on Netgear from $50.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Rosenblatt Securities downgraded Netgear from a “buy” rating to a “neutral” rating and set a $47.50 price target on the stock. in a report on Tuesday, July 12th. Finally, Citigroup Inc. downgraded Netgear to a “neutral” rating and set a $47.50 price target on the stock. in a report on Tuesday, July 12th. They noted that the move was a valuation call. 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 stock. Netgear presently has an average rating of “Buy” and a consensus target price of $49.98.

The stock has a market cap of $1.84 billion and a P/E ratio of 26.70. The stock has a 50-day moving average of $51.41 and a 200 day moving average of $43.89.

Netgear (NASDAQ:NTGR) last issued its 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. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The company had revenue of $311.66 million for the quarter, compared to analyst estimates of $298.87 million. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts expect that Netgear Inc. will post $2.95 EPS for the current year.

In other news, SVP Michael F. Falcon sold 521 shares of the business’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $49.75, for a total transaction of $25,919.75. Following the transaction, the senior vice president now directly owns 35,870 shares in the company, valued at approximately $1,784,532.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Patrick Cs Lo sold 8,300 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $44.44, for a total value of $368,852.00. Following the transaction, the chief executive officer now owns 162,321 shares in the company, valued at $7,213,545.24. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently modified their holdings of the company. Marshall Wace LLP bought a new position in shares of Netgear during the fourth quarter valued at $1,017,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Netgear by 125.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,325 shares of the company’s stock valued at $1,229,000 after buying an additional 16,325 shares in the last quarter. Finally, 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 valued at $3,758,000 after buying an additional 58,070 shares in 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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