NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) insider Andrew Wonki Kim sold 5,723 shares of the company's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $14.54, for a total value of $83,212.42. Following the transaction, the insider now directly owns 76,656 shares of the company's stock, valued at $1,114,578.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Andrew Wonki Kim also recently made the following trade(s):
- On Thursday, February 15th, Andrew Wonki Kim sold 5,889 shares of NETGEAR stock. The stock was sold at an average price of $14.50, for a total value of $85,390.50.
NETGEAR Price Performance
Shares of NTGR stock opened at $14.05 on Wednesday. The stock has a 50 day simple moving average of $14.83 and a 200-day simple moving average of $13.87. NETGEAR, Inc. has a 1-year low of $10.40 and a 1-year high of $18.52. The company has a market cap of $416.72 million, a price-to-earnings ratio of -3.96 and a beta of 0.84.
NETGEAR (NASDAQ:NTGR - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.04. The business had revenue of $188.67 million during the quarter, compared to analysts' expectations of $185.14 million. NETGEAR had a negative return on equity of 2.96% and a negative net margin of 14.14%. The company's revenue was down 24.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.21) EPS. Analysts anticipate that NETGEAR, Inc. will post -0.16 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NETGEAR
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Hedge funds have recently modified their holdings of the business. Walleye Capital LLC grew its holdings in shares of NETGEAR by 279.2% during the 3rd quarter. Walleye Capital LLC now owns 151,718 shares of the communications equipment provider's stock worth $1,910,000 after purchasing an additional 111,713 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of NETGEAR by 15.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 659,460 shares of the communications equipment provider's stock worth $8,303,000 after purchasing an additional 86,937 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of NETGEAR by 66.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 440,030 shares of the communications equipment provider's stock worth $5,540,000 after purchasing an additional 175,288 shares during the period. Brandes Investment Partners LP grew its holdings in shares of NETGEAR by 38.7% during the 3rd quarter. Brandes Investment Partners LP now owns 3,465,808 shares of the communications equipment provider's stock worth $43,635,000 after purchasing an additional 967,537 shares during the period. Finally, Algert Global LLC grew its holdings in shares of NETGEAR by 129.5% during the 3rd quarter. Algert Global LLC now owns 129,018 shares of the communications equipment provider's stock worth $1,624,000 after purchasing an additional 72,800 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, BWS Financial reaffirmed a "buy" rating and set a $30.00 target price on shares of NETGEAR in a research note on Wednesday, April 10th.
Get Our Latest Analysis on NTGR
NETGEAR Company Profile
(
Get Free Report)
NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.
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