Thomas H. Waechter Sells 2,500 Shares of NETGEAR, Inc. (NASDAQ:NTGR) Stock

NETGEAR, Inc. (NASDAQ:NTGR) Director Thomas H. Waechter sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $50,000.00. Following the completion of the transaction, the director now owns 65,318 shares in the company, valued at approximately $1,306,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NETGEAR Price Performance

NTGR opened at $21.94 on Friday. NETGEAR, Inc. has a fifty-two week low of $10.40 and a fifty-two week high of $22.62. The firm has a market capitalization of $638.45 million, a P/E ratio of -5.70 and a beta of 0.82. The company’s 50-day moving average is $15.81 and its 200 day moving average is $14.82.

NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings results on Wednesday, July 31st. The communications equipment provider reported ($0.94) EPS for the quarter, meeting analysts’ consensus estimates of ($0.94). NETGEAR had a negative return on equity of 7.52% and a negative net margin of 21.62%. The company had revenue of $143.90 million during the quarter, compared to the consensus estimate of $132.69 million. On average, equities research analysts expect that NETGEAR, Inc. will post -2.29 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of NETGEAR from a “hold” rating to a “buy” rating in a research report on Monday, September 9th.

Hedge Funds Weigh In On NETGEAR

Several institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC raised its stake in shares of NETGEAR by 72.4% in the first quarter. Acadian Asset Management LLC now owns 622,936 shares of the communications equipment provider’s stock valued at $9,820,000 after buying an additional 261,705 shares during the period. Brandes Investment Partners LP increased its holdings in NETGEAR by 6.8% in the 2nd quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider’s stock worth $59,246,000 after acquiring an additional 247,162 shares during the last quarter. American Century Companies Inc. raised its stake in NETGEAR by 137.3% in the 2nd quarter. American Century Companies Inc. now owns 353,893 shares of the communications equipment provider’s stock valued at $5,415,000 after acquiring an additional 204,734 shares during the period. First Eagle Investment Management LLC purchased a new stake in NETGEAR during the fourth quarter valued at about $1,713,000. Finally, Vanguard Group Inc. boosted its position in NETGEAR by 4.4% during the first quarter. Vanguard Group Inc. now owns 2,513,785 shares of the communications equipment provider’s stock worth $39,642,000 after purchasing an additional 105,994 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

About NETGEAR

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.