Bridgeway Capital Management LLC Buys 40,050 Shares of NETGEAR, Inc. $NTGR

Key Points

• Bridgeway Capital Management LLC increased its stake in NETGEAR, Inc. by 9.9%, acquiring 40,050 additional shares during the first quarter.
• NETGEAR reported earnings of $0.06 per share for the last quarter, exceeding analysts' expectations by $0.22, with revenue increasing 18.5% year-over-year to $170.53 million.
• Institutional investors now hold approximately 82.97% of NETGEAR's stock, reflecting strong institutional interest in the company.

Bridgeway Capital Management LLC lifted its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 9.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 446,169 shares of the communications equipment provider's stock after acquiring an additional 40,050 shares during the period. Bridgeway Capital Management LLC owned 1.55% of NETGEAR worth $10,913,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC raised its position 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 valued at $71,000 after purchasing an additional 763 shares during the period. Headlands Technologies LLC grew 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 valued at $74,000 after buying an additional 494 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in NETGEAR in the 1st quarter worth $154,000. ProShare Advisors LLC acquired a new position in NETGEAR during the 4th quarter worth $219,000. Finally, PharVision Advisers LLC bought a new stake in NETGEAR during the fourth quarter valued at about $227,000. Institutional investors own 82.97% of the company's stock.

NETGEAR Price Performance

NTGR opened at $27.29 on Thursday. The firm has a 50 day simple moving average of $26.80 and a 200 day simple moving average of $26.29. NETGEAR, Inc. has a fifty-two week low of $15.40 and a fifty-two week high of $31.55. The company has a market cap of $791.66 million, a price-to-earnings ratio of 12.63 and a beta of 1.07.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its quarterly earnings results 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. NETGEAR had a negative return on equity of 3.24% and a net margin of 9.13%.The company had revenue of $170.53 million for the quarter, compared to the consensus estimate of $162.06 million. During the same quarter in the prior year, the business posted ($0.74) EPS. The firm's quarterly revenue was up 18.5% on a year-over-year basis. NETGEAR has set its Q3 2025 guidance at EPS. As a group, analysts expect that NETGEAR, Inc. will post -1.84 EPS for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Laura Durr sold 4,388 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $29.50, for a total transaction of $129,446.00. Following the completion of the transaction, the director directly owned 49,446 shares in the company, valued at approximately $1,458,657. The trade was a 8.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shravan Goli sold 11,757 shares of NETGEAR stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $26.11, for a total transaction of $306,975.27. Following the transaction, the director directly owned 31,285 shares in the company, valued at $816,851.35. The trade was a 27.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,909 shares of company stock worth $628,427. Insiders own 2.30% of the company's stock.

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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