Bradley Maiorino Sells 13,063 Shares of NETGEAR (NASDAQ:NTGR) Stock

Key Points

• Director Bradley Maiorino sold 13,063 shares of NETGEAR at an average price of $35.26, resulting in a transaction value of approximately $460,601.
• NETGEAR's stock has seen a recent increase of 1.0%, with shares trading at $34.83 after a day of heavy activity.
• Analysts have mixed opinions on NETGEAR, with a consensus rating of "Buy" and various price targets, including $35.00.

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) Director Bradley Maiorino sold 13,063 shares of the business's stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $35.26, for a total transaction of $460,601.38. Following the sale, the director directly owned 56,356 shares in the company, valued at $1,987,112.56. This trade represents a 18.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NETGEAR Stock Up 1.0%

Shares of NTGR traded up $0.34 during trading hours on Tuesday, reaching $34.83. 755,285 shares of the company traded hands, compared to its average volume of 439,498. The stock has a market capitalization of $1.01 billion, a P/E ratio of 16.13 and a beta of 1.09. NETGEAR, Inc. has a 12-month low of $18.75 and a 12-month high of $36.86. The business has a fifty day moving average price of $28.44 and a 200-day moving average price of $27.41.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $170.53 million for the quarter, compared to analyst estimates of $162.06 million. NETGEAR had a net margin of 9.13% and a negative return on equity of 3.24%. The business's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.74) earnings per share. NETGEAR has set its Q3 2025 guidance at EPS. As a group, research analysts predict that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Hedge Funds Weigh In On NETGEAR

A number of large investors have recently added to or reduced their stakes in NTGR. Tenzing Global Management LLC raised its position in NETGEAR by 100.0% during the first quarter. Tenzing Global Management LLC now owns 575,000 shares of the communications equipment provider's stock worth $14,064,000 after acquiring an additional 287,500 shares during the period. AYAL Capital Advisors Ltd raised its position in shares of NETGEAR by 177.8% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 250,002 shares of the communications equipment provider's stock worth $7,268,000 after purchasing an additional 160,002 shares during the last quarter. Picton Mahoney Asset Management raised its position in shares of NETGEAR by 4,835.7% during the 1st quarter. Picton Mahoney Asset Management now owns 162,878 shares of the communications equipment provider's stock worth $3,983,000 after purchasing an additional 159,578 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of NETGEAR by 16.5% during the 1st quarter. Acadian Asset Management LLC now owns 1,075,982 shares of the communications equipment provider's stock worth $26,303,000 after purchasing an additional 152,183 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of NETGEAR by 103.8% during the 2nd quarter. Lazard Asset Management LLC now owns 292,645 shares of the communications equipment provider's stock worth $8,506,000 after purchasing an additional 149,079 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on NTGR. Stifel Nicolaus began coverage on shares of NETGEAR in a report on Friday, August 22nd. They issued a "buy" rating and a $35.00 price target on the stock. Seaport Res Ptn raised shares of NETGEAR to a "strong-buy" rating in a report on Wednesday, October 1st. UBS Group set a $35.00 price target on shares of NETGEAR in a report on Thursday, August 21st. Zacks Research raised shares of NETGEAR from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of NETGEAR from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently 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.

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