Key Points
- Pramod Badjate sold 3,000 NTGR shares on May 1 at an average price of $25.47 (totaling $76,410) under a pre‑arranged Rule 10b5‑1 plan to cover tax withholding from vested awards, leaving him with 165,513 shares (a 1.78% reduction).
- NETGEAR beat quarter expectations with $0.06 EPS (vs. -$0.08 consensus) and $158.82M revenue (vs. $152.49M), but still reported negative return on equity and net margin and a 2% year‑over‑year revenue decline.
- The stock has a market cap of about $675.6M and a 52‑week range of $19.00–$36.86, is ~82.97% institutionally owned, and carries a consensus "Hold" rating with a $36 target.
NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) insider Pramod Badjate sold 3,000 shares of the company's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $25.47, for a total value of $76,410.00. Following the completion of the sale, the insider directly owned 165,513 shares in the company, valued at approximately $4,215,616.11. The trade was a 1.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
NETGEAR Stock Performance
NETGEAR stock opened at $24.71 on Tuesday. NETGEAR, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $36.86. The company has a market capitalization of $675.57 million, a price-to-earnings ratio of -28.08 and a beta of 1.18. The stock has a fifty day moving average of $22.87 and a two-hundred day moving average of $24.54.
NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.14. The business had revenue of $158.82 million for the quarter, compared to the consensus estimate of $152.49 million. NETGEAR had a negative return on equity of 2.71% and a negative net margin of 3.58%.The business's revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 earnings per share. On average, analysts forecast that NETGEAR, Inc. will post -0.72 EPS for the current fiscal year.
Institutional Trading of NETGEAR
A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in NETGEAR by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,543,240 shares of the communications equipment provider's stock worth $62,386,000 after purchasing an additional 74,457 shares in the last quarter. Brandes Investment Partners LP lifted its position in NETGEAR by 10.8% during the fourth quarter. Brandes Investment Partners LP now owns 1,855,555 shares of the communications equipment provider's stock valued at $45,517,000 after buying an additional 180,295 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in NETGEAR by 5.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,636,697 shares of the communications equipment provider's stock worth $53,010,000 after buying an additional 85,228 shares during the period. Windward Management LP acquired a new stake in shares of NETGEAR in the fourth quarter worth $35,468,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of NETGEAR by 17.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 808,805 shares of the communications equipment provider's stock worth $26,197,000 after acquiring an additional 117,824 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on NTGR shares. Zacks Research raised shares of NETGEAR from a "strong sell" rating to a "hold" rating in a research note on Tuesday, March 10th. Wall Street Zen raised shares of NETGEAR from a "sell" rating to a "hold" rating in a research report on Saturday, March 28th. Weiss Ratings reissued a "sell (d)" rating on shares of NETGEAR in a research note on Friday, March 27th. Finally, Stifel Nicolaus set a $36.00 target price on shares of NETGEAR in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $36.00.
Read Our Latest Stock Report on NTGR
About NETGEAR
(
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NETGEAR, Inc (NASDAQ: NTGR) is a global provider of networking solutions for consumer, business and service provider markets. The company designs, develops and markets a comprehensive portfolio of products that enable high-speed connectivity, data storage and network security for homes, small to medium-sized businesses and large enterprises.
Its product lineup includes Wi-Fi routers, mesh networking systems, cable modems, mobile broadband gateways and Ethernet switches—offered in both managed and unmanaged configurations.
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