Vikram Mehta Sells 2,760 Shares of NETGEAR, Inc. (NASDAQ:NTGR) Stock

NETGEAR, Inc. (NASDAQ:NTGRGet Rating) SVP Vikram Mehta sold 2,760 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $21.94, for a total transaction of $60,554.40. Following the completion of the transaction, the senior vice president now owns 50,313 shares in the company, valued at approximately $1,103,867.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Vikram Mehta also recently made the following trade(s):

  • On Thursday, February 3rd, Vikram Mehta sold 1,844 shares of NETGEAR stock. The stock was sold at an average price of $25.60, for a total transaction of $47,206.40.

Shares of NTGR opened at $22.09 on Wednesday. NETGEAR, Inc. has a 1 year low of $19.41 and a 1 year high of $41.96. The firm’s 50 day moving average is $23.96. The stock has a market cap of $644.17 million, a price-to-earnings ratio of -20.08 and a beta of 0.78.

NETGEAR (NASDAQ:NTGRGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The communications equipment provider reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.30). NETGEAR had a negative net margin of 2.90% and a negative return on equity of 4.45%. During the same quarter in the previous year, the business earned $0.72 EPS. Sell-side analysts expect that NETGEAR, Inc. will post 1.24 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC grew its holdings in NETGEAR by 1.5% during the 3rd quarter. Voya Investment Management LLC now owns 24,940 shares of the communications equipment provider’s stock valued at $796,000 after buying an additional 371 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of NETGEAR by 0.9% in the fourth quarter. California State Teachers Retirement System now owns 41,771 shares of the communications equipment provider’s stock valued at $1,220,000 after purchasing an additional 389 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of NETGEAR by 187.3% in the second quarter. Royal Bank of Canada now owns 839 shares of the communications equipment provider’s stock valued at $32,000 after purchasing an additional 547 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of NETGEAR by 0.6% in the fourth quarter. Legal & General Group Plc now owns 88,273 shares of the communications equipment provider’s stock valued at $2,579,000 after purchasing an additional 547 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in shares of NETGEAR by 2.1% in the third quarter. Keybank National Association OH now owns 28,140 shares of the communications equipment provider’s stock valued at $898,000 after purchasing an additional 575 shares in the last quarter. 93.08% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the stock. Raymond James decreased their target price on shares of NETGEAR from $34.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, February 3rd. Zacks Investment Research cut shares of NETGEAR from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research note on Tuesday, April 5th. BWS Financial decreased their target price on shares of NETGEAR from $30.00 to $27.00 in a research note on Monday, April 18th. TheStreet cut shares of NETGEAR from a “c” rating to a “d+” rating in a research note on Thursday, April 28th. Finally, StockNews.com cut shares of NETGEAR from a “hold” rating to a “sell” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, NETGEAR has a consensus rating of “Hold” and a consensus target price of $26.50.

NETGEAR Company Profile (Get Rating)

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in two segments, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as Wi-Fi routers and home Wi-Fi systems, broadband modems, Wi-Fi gateways, Wi-Fi hotspots, Wi-Fi range extenders, Powerline adapters and bridges, Wi-Fi network adapters, and digital canvasses; and value-added service offerings, including technical support, parental controls, and cybersecurity protection.

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

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