Teacher Retirement System of Texas Sells 9,603 Shares of NETGEAR, Inc. $NTGR

Teacher Retirement System of Texas lowered its position in NETGEAR, Inc. (NASDAQ:NTGR) by 23.3% during the 2nd quarter, Holdings Channel reports. The fund owned 31,526 shares of the communications equipment provider’s stock after selling 9,603 shares during the period. Teacher Retirement System of Texas’ holdings in NETGEAR were worth $916,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NTGR. Informed Momentum Co LLC raised its position in shares of NETGEAR by 129.9% during the first quarter. Informed Momentum Co LLC now owns 95,100 shares of the communications equipment provider’s stock worth $2,326,000 after purchasing an additional 53,739 shares during the period. American Century Companies Inc. grew its position in NETGEAR by 13.5% in the 1st quarter. American Century Companies Inc. now owns 874,339 shares of the communications equipment provider’s stock valued at $21,386,000 after purchasing an additional 103,875 shares during the period. Russell Investments Group Ltd. increased its stake in NETGEAR by 138.8% during the 1st quarter. Russell Investments Group Ltd. now owns 69,333 shares of the communications equipment provider’s stock valued at $1,707,000 after purchasing an additional 40,294 shares in the last quarter. Vanguard Group Inc. raised its holdings in NETGEAR by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,515,636 shares of the communications equipment provider’s stock worth $61,532,000 after buying an additional 23,488 shares during the last quarter. Finally, Sierra Summit Advisors LLC bought a new position in shares of NETGEAR in the first quarter valued at $633,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Transactions at NETGEAR

In related news, Director Shravan Goli sold 11,757 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $26.11, for a total transaction of $306,975.27. Following the sale, the director directly 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 SEC, which can be accessed through this hyperlink. Also, VP Graeme Mclindin sold 1,205 shares of NETGEAR stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $34.26, for a total transaction of $41,283.30. Following the completion of the transaction, the vice president owned 30,808 shares of the company’s stock, valued at $1,055,482.08. This represents a 3.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 28,072 shares of company stock worth $870,168 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NTGR. Weiss Ratings reissued a “hold (c)” rating on shares of NETGEAR in a research report on Wednesday, October 8th. Raymond James Financial boosted their price objective on NETGEAR from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Wall Street Zen downgraded NETGEAR from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. UBS Group set a $35.00 price target on NETGEAR in a report on Thursday, August 21st. Finally, Stifel Nicolaus increased their price target on NETGEAR from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.33.

NETGEAR Price Performance

NASDAQ NTGR opened at $29.18 on Friday. The stock has a market capitalization of $828.80 million, a price-to-earnings ratio of -32.07 and a beta of 1.11. The business’s fifty day moving average is $30.99 and its 200-day moving average is $28.65. NETGEAR, Inc. has a one year low of $18.75 and a one year high of $36.86.

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

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.