Netgear Inc. (NASDAQ:NTGR) hit a new 52-week high during mid-day trading on Monday . The stock 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 issued reports on NTGR shares. Vetr upgraded shares of Netgear from a “sell” rating to a “hold” rating and set a $50.82 target price for the company in a research report on Monday, August 1st. Zacks Investment Research upgraded shares of Netgear from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Saturday, April 30th. Citigroup Inc. lowered shares of Netgear to a “neutral” rating and set a $47.50 target price for the company. in a research report on Tuesday, July 12th. They noted that the move was a valuation call. Wunderlich started coverage on shares of Netgear in a research report on Wednesday, June 8th. They set a “buy” rating and a $55.00 target price for the company. Finally, Rosenblatt Securities lowered shares of Netgear from a “buy” rating to a “neutral” rating and set a $47.50 target price for the company. in a research report on Tuesday, July 12th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $49.98.

The firm has a market capitalization of $1.86 billion and a PE ratio of 26.98. The firm has a 50 day moving average price of $51.79 and a 200 day moving average price of $44.30.

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

In other news, SVP Michael F. Falcon sold 521 shares of the firm’s stock in a transaction 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 owns 35,870 shares in the company, valued at $1,784,532.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Andrew Wonki Kim sold 665 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $55.48, for a total value of $36,894.20. Following the transaction, the senior vice president now owns 19,835 shares in the company, valued at approximately $1,100,445.80. The disclosure for this sale can be found here.

Other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in shares of Netgear during the fourth quarter valued at approximately $1,017,000. Connor Clark & Lunn Investment Management Ltd. raised 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 raised 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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