Key Points
- Graeme Mclindin, VP of NETGEAR, sold 1,205 shares at an average price of $34.26, totaling approximately $41,283.30, reducing his ownership by 3.76% to 30,808 shares.
- NETGEAR reported earnings of $0.12 per share for the latest quarter, exceeding analysts' expectations of a loss, with revenue of $184.56 million, which was above forecasts.
- Analysts have mixed views on NETGEAR, with price targets ranging from $29 to $40, while the consensus rating is a "Moderate Buy" with an average target price of $37.33.
NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) VP Graeme Mclindin sold 1,205 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $34.26, for a total transaction of $41,283.30. Following the completion of the transaction, the vice president directly owned 30,808 shares in the company, valued at approximately $1,055,482.08. This represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NETGEAR Trading Down 1.6%
Shares of NTGR opened at $29.30 on Thursday. The firm's 50 day moving average is $30.95 and its 200-day moving average is $28.65. The stock has a market capitalization of $849.96 million, a PE ratio of -32.20 and a beta of 1.09. NETGEAR, Inc. has a 12 month low of $18.75 and a 12 month high of $36.86.
NETGEAR (NASDAQ:NTGR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.21. NETGEAR had a negative net margin of 3.73% and a negative return on equity of 3.76%. The business had revenue of $184.56 million for the quarter, compared to analysts' expectations of $172.47 million. During the same period last year, the firm posted $0.17 earnings per share. The firm's quarterly revenue was up .9% compared to the same quarter last year. NETGEAR has set its Q4 2025 guidance at EPS. Equities research analysts predict that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have weighed in on NTGR shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NETGEAR in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of NETGEAR from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Raymond James Financial lifted their price target on shares of NETGEAR from $29.00 to $37.00 and gave the company an "outperform" rating in a research report on Thursday, October 30th. Stifel Nicolaus lifted their price target on shares of NETGEAR from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, October 17th. Finally, Zacks Research lowered shares of NETGEAR from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.33.
Check Out Our Latest Report on NTGR
Hedge Funds Weigh In On NETGEAR
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Informed Momentum Co LLC grew its holdings in shares of NETGEAR by 129.9% in the first quarter. Informed Momentum Co LLC now owns 95,100 shares of the communications equipment provider's stock worth $2,326,000 after purchasing an additional 53,739 shares during the last quarter. American Century Companies Inc. increased its holdings in NETGEAR by 13.5% in the 1st quarter. American Century Companies Inc. now owns 874,339 shares of the communications equipment provider's stock worth $21,386,000 after buying an additional 103,875 shares during the period. Russell Investments Group Ltd. grew its stake in shares of NETGEAR by 138.8% during the 1st quarter. Russell Investments Group Ltd. now owns 69,333 shares of the communications equipment provider's stock worth $1,707,000 after purchasing an additional 40,294 shares during the period. Vanguard Group Inc. grew its stake in NETGEAR by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 2,515,636 shares of the communications equipment provider's stock valued at $61,532,000 after acquiring an additional 23,488 shares during the period. Finally, Sierra Summit Advisors LLC acquired a new stake in NETGEAR in the 1st quarter valued at $633,000. 82.97% of the stock is owned by hedge funds and other institutional investors.
About NETGEAR
(
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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