AQR Capital Management LLC Purchases 35,566 Shares of NETGEAR, Inc. $NTGR

Key Points

• AQR Capital Management LLC increased its holding in NETGEAR by 12.7% during Q1, acquiring an additional 35,566 shares to reach a total of 315,951 shares valued at approximately $7.73 million.
• Several institutional investors, including Ameriprise Financial and BNP Paribas Financial Markets, significantly increased their positions in NETGEAR during the last quarter, reflecting growing investor interest in the company.
• NETGEAR reported a quarterly EPS of $0.06, surpassing estimates, and its revenue increased by 18.5% compared to the previous year, indicating a positive financial performance amidst changing market conditions.

AQR Capital Management LLC boosted its position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 12.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 315,951 shares of the communications equipment provider's stock after acquiring an additional 35,566 shares during the period. AQR Capital Management LLC owned 1.10% of NETGEAR worth $7,728,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Northern Trust Corp increased its position in shares of NETGEAR by 5.9% during the fourth quarter. Northern Trust Corp now owns 269,874 shares of the communications equipment provider's stock valued at $7,521,000 after buying an additional 15,044 shares during the period. Ameriprise Financial Inc. raised its position in shares of NETGEAR by 30.7% in the 4th quarter. Ameriprise Financial Inc. now owns 116,525 shares of the communications equipment provider's stock worth $3,248,000 after acquiring an additional 27,379 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of NETGEAR by 156.6% in the 4th quarter. BNP Paribas Financial Markets now owns 19,871 shares of the communications equipment provider's stock valued at $554,000 after purchasing an additional 12,127 shares during the period. Graham Capital Management L.P. purchased a new position in shares of NETGEAR in the 4th quarter valued at approximately $564,000. Finally, Lazard Asset Management LLC boosted its position in shares of NETGEAR by 87.1% during the fourth quarter. Lazard Asset Management LLC now owns 129,691 shares of the communications equipment provider's stock valued at $3,614,000 after purchasing an additional 60,385 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group set a $35.00 target price on shares of NETGEAR in a research report on Thursday, August 21st. Stifel Nicolaus assumed coverage on shares of NETGEAR in a research note on Friday, August 22nd. They set a "buy" rating and a $35.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of NETGEAR from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $33.00.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, Director Shravan Goli sold 11,757 shares of NETGEAR 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 transaction, the director owned 31,285 shares of the company's stock, valued at $816,851.35. The trade was a 27.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

NETGEAR Trading Up 2.3%

Shares of NTGR stock opened at $29.03 on Friday. NETGEAR, Inc. has a 12-month low of $18.75 and a 12-month high of $31.55. The stock has a market capitalization of $842.16 million, a P/E ratio of 13.44 and a beta of 1.07. The firm's 50 day moving average is $26.71 and its 200 day moving average is $26.35.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.22. The firm had revenue of $170.53 million during 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 revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.74) EPS. NETGEAR has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

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.

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