AQR Capital Management LLC Grows Position in 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 grew its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 12.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,951 shares of the communications equipment provider's stock after purchasing an additional 35,566 shares during the quarter. AQR Capital Management LLC owned about 1.10% of NETGEAR worth $7,728,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its holdings 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 in the last quarter. Headlands Technologies LLC raised its holdings in NETGEAR by 19.6% in the first 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 in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in NETGEAR in the first quarter worth $154,000. ProShare Advisors LLC bought a new position in NETGEAR in the fourth quarter worth $219,000. Finally, PharVision Advisers LLC bought a new position in NETGEAR in the fourth quarter worth $227,000. 82.97% of the stock is currently owned by institutional investors.

NETGEAR Stock Down 1.1%

Shares of NASDAQ NTGR traded down $0.32 during trading on Wednesday, reaching $28.63. The company had a trading volume of 214,761 shares, compared to its average volume of 317,303. NETGEAR, Inc. has a 12-month low of $18.75 and a 12-month high of $31.55. The stock has a market cap of $830.56 million, a PE ratio of 13.25 and a beta of 1.07. The business's 50-day moving average is $26.63 and its 200 day moving average is $26.43.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.22. NETGEAR had a negative return on equity of 3.24% and a net margin of 9.13%.The firm had revenue of $170.53 million for the quarter, compared to analysts' expectations of $162.06 million. During the same period in the prior year, the firm posted ($0.74) earnings per share. The company's quarterly revenue was up 18.5% on a year-over-year basis. NETGEAR has set its Q3 2025 guidance at EPS. On average, analysts anticipate that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Insider Activity at NETGEAR

In other news, Director Shravan Goli sold 11,757 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $26.11, for a total value of $306,975.27. Following the sale, the director directly owned 31,285 shares of the company's stock, valued at approximately $816,851.35. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on NTGR. Wall Street Zen downgraded NETGEAR from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Stifel Nicolaus began coverage on NETGEAR in a report on Friday, August 22nd. They issued a "buy" rating and a $35.00 price objective for the company. Finally, UBS Group set a $35.00 price objective on NETGEAR in a report on Thursday, August 21st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus 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.