Assenagon Asset Management S.A. Sells 13,104 Shares of NETGEAR, Inc. $NTGR

Key Points

• Assenagon Asset Management S.A. has reduced its stake in NETGEAR, Inc. by 27.0%, selling 13,104 shares and now holding 35,513 shares valued at approximately $1,032,000.
• Several other hedge funds are actively adjusting their positions in NETGEAR, with CWM LLC increasing its stake by 35.4% and US Bancorp DE raising its holdings by 142.6% in the first quarter.
• NETGEAR reported Q2 earnings surpassing estimates with $0.06 EPS, and revenue growth of 18.5% year-over-year, forecasting a challenging outlook with a projected EPS of -1.84 for the current fiscal year.

Assenagon Asset Management S.A. decreased its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 27.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,513 shares of the communications equipment provider's stock after selling 13,104 shares during the period. Assenagon Asset Management S.A. owned 0.12% of NETGEAR worth $1,032,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in NTGR. CWM LLC increased its stake in shares of NETGEAR by 35.4% in the first 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 lifted its holdings in shares of 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 acquiring an additional 494 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of NETGEAR in the 1st quarter worth approximately $154,000. Parallax Volatility Advisers L.P. bought a new stake in NETGEAR during the 1st quarter valued at $206,000. Finally, US Bancorp DE raised its holdings in NETGEAR by 142.6% in the 1st quarter. US Bancorp DE now owns 8,800 shares of the communications equipment provider's stock worth $215,000 after purchasing an additional 5,172 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

NETGEAR Stock Performance

NASDAQ NTGR opened at $29.25 on Friday. NETGEAR, Inc. has a one year low of $18.75 and a one year high of $31.55. The business has a fifty day moving average price of $26.61 and a 200 day moving average price of $26.69. The company has a market cap of $848.54 million, a P/E ratio of 13.54 and a beta of 1.07.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $162.06 million. During the same quarter in the prior year, the company earned ($0.74) EPS. NETGEAR's revenue was up 18.5% on a year-over-year basis. NETGEAR has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Shravan Goli sold 11,757 shares of the company's 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 completion of the transaction, the director directly owned 31,285 shares in the company, valued at approximately $816,851.35. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

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