Nuveen LLC Buys New Position in NETGEAR, Inc. $NTGR

Nuveen LLC bought a new stake in NETGEAR, Inc. (NASDAQ:NTGR) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 112,070 shares of the communications equipment provider’s stock, valued at approximately $2,741,000. Nuveen LLC owned about 0.39% of NETGEAR as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTGR. Wells Fargo & Company MN increased its stake in NETGEAR by 23.4% in the 4th quarter. Wells Fargo & Company MN now owns 17,802 shares of the communications equipment provider’s stock valued at $496,000 after buying an additional 3,375 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in NETGEAR by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,332,316 shares of the communications equipment provider’s stock valued at $37,132,000 after buying an additional 44,752 shares during the last quarter. Hsbc Holdings PLC increased its stake in NETGEAR by 29.3% in the 4th quarter. Hsbc Holdings PLC now owns 73,209 shares of the communications equipment provider’s stock valued at $2,012,000 after buying an additional 16,588 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in NETGEAR by 18.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,607 shares of the communications equipment provider’s stock valued at $1,021,000 after buying an additional 5,780 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new position in shares of NETGEAR during the 4th quarter worth approximately $245,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

NETGEAR Trading Down 1.3%

NTGR opened at $26.77 on Friday. NETGEAR, Inc. has a 1-year low of $15.40 and a 1-year high of $31.55. The stock’s fifty day simple moving average is $26.85 and its 200 day simple moving average is $26.36. The stock has a market cap of $776.60 million, a PE ratio of 12.39 and a beta of 1.07.

NETGEAR (NASDAQ:NTGR) last posted its quarterly earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.22. NETGEAR had a negative return on equity of 3.24% and a net margin of 9.13%.The business had revenue of $170.53 million for the quarter, compared to analysts’ expectations of $162.06 million. During the same quarter in the prior year, the business earned ($0.74) EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. NETGEAR has set its Q3 2025 guidance at EPS. Equities analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Insider Activity at NETGEAR

In related news, Director Shravan Goli sold 11,757 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $26.11, for a total value of $306,975.27. Following the transaction, the director owned 31,285 shares in the company, valued at approximately $816,851.35. This represents a 27.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Graeme Mclindin sold 2,377 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $28.38, for a total transaction of $67,459.26. Following the completion of the transaction, the vice president owned 61,208 shares in the company, valued at approximately $1,737,083.04. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,909 shares of company stock worth $628,427. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NTGR shares. UBS Group set a $35.00 price objective on NETGEAR in a research note on Thursday, August 21st. Stifel Nicolaus started coverage on NETGEAR in a research note on Friday, August 22nd. They set a “buy” rating and a $35.00 price objective on the stock. Finally, Wall Street Zen cut NETGEAR from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, NETGEAR presently has a consensus rating of “Buy” and an average target price of $33.00.

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.