Graeme Mclindin Sells 1,205 Shares of NETGEAR (NASDAQ:NTGR) Stock

NETGEAR, Inc. (NASDAQ:NTGR) VP Graeme Mclindin sold 1,205 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $34.26, for a total transaction of $41,283.30. Following the sale, the vice president owned 30,808 shares of the company’s stock, valued at approximately $1,055,482.08. This represents a 3.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NETGEAR Stock Performance

Shares of NETGEAR stock opened at $29.18 on Friday. The company has a market capitalization of $828.80 million, a P/E ratio of -32.07 and a beta of 1.11. NETGEAR, Inc. has a 1 year low of $18.75 and a 1 year high of $36.86. The company’s fifty day moving average is $30.99 and its two-hundred day moving average is $28.65.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.21. NETGEAR had a negative net margin of 3.73% and a negative return on equity of 3.76%. The business had revenue of $184.56 million during the quarter, compared to the consensus estimate of $172.47 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. NETGEAR has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Analyst Ratings Changes

NTGR has been the topic of several analyst reports. Raymond James Financial lifted their target price on NETGEAR from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETGEAR in a report on Wednesday, October 8th. Wall Street Zen lowered shares of NETGEAR from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Seaport Res Ptn upgraded shares of NETGEAR to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, UBS Group set a $35.00 target price on shares of NETGEAR in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, NETGEAR currently has an average rating of “Moderate Buy” and a consensus target price of $37.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new stake in NETGEAR in the second quarter valued at $58,000. Rexford Capital Inc. purchased a new position in shares of NETGEAR in the 2nd quarter valued at about $58,000. CWM LLC increased its holdings in shares of NETGEAR by 35.4% in the 1st quarter. CWM LLC now owns 2,916 shares of the communications equipment provider’s stock valued at $71,000 after purchasing an additional 763 shares in the last quarter. Headlands Technologies LLC lifted its stake in shares of NETGEAR by 19.6% in the first quarter. Headlands Technologies LLC now owns 3,010 shares of the communications equipment provider’s stock valued at $74,000 after purchasing an additional 494 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in NETGEAR by 44.7% during the third quarter. Jones Financial Companies Lllp now owns 2,323 shares of the communications equipment provider’s stock worth $75,000 after buying an additional 718 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.