American Century Companies Inc. Increases Stake in NETGEAR, Inc. $NTGR

Key Points

• American Century Companies Inc. increased its stake in NETGEAR, Inc. by 13.5% in the 1st quarter, owning 874,339 shares valued at approximately $21.39 million.
• NETGEAR reported a net revenue increase of 18.5% year-over-year for the most recent quarter, with EPS of $0.06, significantly beating analysts' estimates.
• Currently, 82.97% of NETGEAR's stock is owned by institutional investors and hedge funds, indicating strong support from major shareholders.

American Century Companies Inc. boosted its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 874,339 shares of the communications equipment provider's stock after purchasing an additional 103,875 shares during the quarter. American Century Companies Inc. owned approximately 3.04% of NETGEAR worth $21,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. CWM LLC boosted its stake in NETGEAR by 35.4% in the 1st quarter. CWM LLC now owns 2,916 shares of the communications equipment provider's stock worth $71,000 after purchasing an additional 763 shares during the period. Headlands Technologies LLC boosted its stake in NETGEAR by 19.6% in the 1st quarter. Headlands Technologies LLC now owns 3,010 shares of the communications equipment provider's stock worth $74,000 after purchasing an additional 494 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in NETGEAR in the 1st quarter worth about $154,000. ProShare Advisors LLC bought a new position in NETGEAR in the 4th quarter worth about $219,000. Finally, PharVision Advisers LLC bought a new position in NETGEAR in the 4th quarter worth about $227,000. Institutional investors own 82.97% of the company's stock.

NETGEAR Stock Up 0.1%

Shares of NASDAQ NTGR traded up $0.03 during trading hours on Wednesday, reaching $27.12. 223,504 shares of the stock traded hands, compared to its average volume of 436,869. The company has a market capitalization of $786.75 million, a P/E ratio of 12.56 and a beta of 1.07. NETGEAR, Inc. has a 52-week low of $15.40 and a 52-week high of $31.55. The company's 50-day simple moving average is $26.84 and its two-hundred day simple moving average is $26.38.

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 company had revenue of $170.53 million for the quarter, compared to analysts' expectations of $162.06 million. NETGEAR had a negative return on equity of 3.24% and a net margin of 9.13%.NETGEAR's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.74) EPS. NETGEAR has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stifel Nicolaus assumed coverage on NETGEAR in a research note on Friday, August 22nd. They issued a "buy" rating and a $35.00 target price for the company. Wall Street Zen downgraded NETGEAR from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, UBS Group set a $35.00 price target on NETGEAR in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $33.00.

Insider Buying and Selling

In other NETGEAR news, Director Sarah Butterfass sold 5,848 shares of NETGEAR stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $28.89, for a total value of $168,948.72. Following the transaction, the director directly owned 41,657 shares of the company's stock, valued at $1,203,470.73. The trade was a 12.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laura Durr sold 4,388 shares of NETGEAR stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $29.50, for a total value of $129,446.00. Following the completion of the transaction, the director directly owned 49,446 shares in the company, valued at $1,458,657. This trade represents a 8.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,757 shares of company stock valued at $797,376 over the last quarter. Company insiders own 2.30% of the company's stock.

NETGEAR 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.