Netgear Inc. (NTGR) SVP Andrew Wonki Kim Sells 19,062 Shares
Netgear Inc. (NASDAQ:NTGR) SVP Andrew Wonki Kim sold 19,062 shares of the company’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $59.57, for a total transaction of $1,135,523.34. Following the sale, the senior vice president now owns 21,710 shares of the company’s stock, valued at $1,293,264.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Andrew Wonki Kim also recently made the following trade(s):
- On Wednesday, August 17th, Andrew Wonki Kim sold 665 shares of Netgear stock. The shares were sold at an average price of $55.48, for a total transaction of $36,894.20.
Shares of Netgear Inc. (NASDAQ:NTGR) opened at 60.49 on Monday. Netgear Inc. has a 12-month low of $28.69 and a 12-month high of $60.82. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 28.78 and a beta of 1.92. The stock’s 50 day moving average is $57.56 and its 200 day moving average is $47.93.
Netgear (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.12. Netgear had a net margin of 5.25% and a return on equity of 12.06%. The company had revenue of $311.66 million for the quarter, compared to analyst estimates of $298.87 million. During the same period in the prior year, the firm posted $0.29 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts expect that Netgear Inc. will post $2.96 earnings per share for the current year.
Several large investors have recently bought and sold shares of NTGR. PNC Financial Services Group Inc. raised its stake in Netgear by 949.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,791 shares of the company’s stock worth $133,000 after buying an additional 2,525 shares in the last quarter. Royal Bank of Canada raised its stake in Netgear by 33.6% in the first quarter. Royal Bank of Canada now owns 3,505 shares of the company’s stock worth $141,000 after buying an additional 882 shares in the last quarter. Amalgamated Bank purchased a new stake in Netgear during the second quarter worth approximately $208,000. PineBridge Investments L.P. raised its stake in Netgear by 4.3% in the second quarter. PineBridge Investments L.P. now owns 4,130 shares of the company’s stock worth $197,000 after buying an additional 169 shares in the last quarter. Finally, Acrospire Investment Management LLC purchased a new stake in Netgear during the first quarter worth approximately $174,000. 99.48% of the stock is currently owned by institutional investors.
Several research firms recently weighed in on NTGR. BWS Financial increased their target price on shares of Netgear from $50.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Zacks Investment Research cut shares of Netgear from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $47.50 target price on shares of Netgear in a research note on Thursday, June 9th. Vetr upgraded shares of Netgear from a “hold” rating to a “buy” rating and set a $61.09 target price for the company in a research note on Wednesday, September 21st. Finally, Wunderlich increased their target price on shares of Netgear from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Netgear presently has an average rating of “Hold” and an average target price of $53.84.
Netgear Company Profile
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.
Receive News & Ratings for Netgear Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netgear Inc. and related companies with MarketBeat.com's FREE daily email newsletter.