NETGEAR, Inc. (NASDAQ:NTGR) Insider Sells $83,212.42 in Stock

NETGEAR, Inc. (NASDAQ:NTGR) 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) 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

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.

NETGEAR Company Profile

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.