NETGEAR, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 1,500 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $46.80, for a total value of $70,200.00. Following the sale, the senior vice president now owns 23,703 shares of the company’s stock, valued at $1,109,300.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Tamesa Rogers also recently made the following trade(s):

  • On Tuesday, August 8th, Tamesa Rogers sold 1,500 shares of NETGEAR stock. The stock was sold at an average price of $47.35, for a total value of $71,025.00.
  • On Monday, July 10th, Tamesa Rogers sold 1,500 shares of NETGEAR stock. The stock was sold at an average price of $44.15, for a total value of $66,225.00.

Shares of NETGEAR, Inc. (NASDAQ NTGR) opened at 46.80 on Thursday. The firm has a 50-day moving average price of $47.01 and a 200-day moving average price of $47.15. The stock has a market capitalization of $1.48 billion, a PE ratio of 21.48 and a beta of 1.54. NETGEAR, Inc. has a 1-year low of $41.50 and a 1-year high of $60.82.

NETGEAR (NASDAQ:NTGR) last released its quarterly earnings data on Wednesday, July 26th. The communications equipment provider reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.06. The business had revenue of $330.72 million during the quarter, compared to analysts’ expectations of $324.64 million. NETGEAR had a return on equity of 10.67% and a net margin of 5.42%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. On average, equities research analysts forecast that NETGEAR, Inc. will post $2.74 earnings per share for the current year.

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A number of equities research analysts have commented on NTGR shares. Global Equities Research reiterated a “buy” rating and issued a $85.00 price target on shares of NETGEAR in a research note on Tuesday, June 13th. Zacks Investment Research cut NETGEAR from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $61.97.

Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of NETGEAR by 17.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,080 shares of the communications equipment provider’s stock worth $103,000 after acquiring an additional 304 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of NETGEAR by 42.8% during the 1st quarter. Victory Capital Management Inc. now owns 2,724 shares of the communications equipment provider’s stock worth $135,000 after acquiring an additional 817 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of NETGEAR during the 1st quarter worth about $139,000. US Bancorp DE boosted its position in shares of NETGEAR by 9.2% during the 1st quarter. US Bancorp DE now owns 3,243 shares of the communications equipment provider’s stock worth $161,000 after acquiring an additional 272 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in shares of NETGEAR by 364.8% during the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 3,500 shares of the communications equipment provider’s stock worth $173,000 after acquiring an additional 2,747 shares in the last quarter. 98.85% of the stock is owned by institutional investors and hedge funds.

NETGEAR Company Profile

NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.

Insider Buying and Selling by Quarter for NETGEAR (NASDAQ:NTGR)

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