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 holdings in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 446,169 shares of the communications equipment provider's stock after purchasing an additional 40,050 shares during the period. Bridgeway Capital Management LLC owned about 1.55% of NETGEAR worth $10,913,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC lifted its position in 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 last quarter. Headlands Technologies LLC increased its stake in shares of 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 buying an additional 494 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in NETGEAR during the 1st quarter valued at $154,000. US Bancorp DE raised its holdings in NETGEAR by 142.6% during the 1st quarter. US Bancorp DE now owns 8,800 shares of the communications equipment provider's stock valued at $215,000 after buying an additional 5,172 shares during the last quarter. Finally, ProShare Advisors LLC bought a new stake in NETGEAR in the 4th quarter worth $219,000. Institutional investors own 82.97% of the company's stock.

Insider Buying and Selling

In other NETGEAR news, Director Laura Durr sold 4,387 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $28.39, for a total transaction of $124,546.93. Following the completion of the transaction, the director owned 45,059 shares of the company's stock, valued at approximately $1,279,225.01. This trade represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Shravan Goli sold 11,757 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $26.11, for a total transaction of $306,975.27. Following the completion of the sale, the director directly owned 31,285 shares in the company, valued at $816,851.35. This represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,909 shares of company stock valued at $628,427 over the last ninety days. Company insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

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

NETGEAR Stock Performance

Shares of NASDAQ NTGR traded down $0.08 during midday trading on Tuesday, hitting $28.07. 67,569 shares of the company traded hands, compared to its average volume of 429,045. NETGEAR, Inc. has a 12-month low of $15.40 and a 12-month high of $31.55. The firm has a market cap of $814.40 million, a P/E ratio of 12.99 and a beta of 1.07. The stock has a 50-day moving average price of $26.76 and a 200 day moving average price of $26.30.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share for the quarter, beating 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 business had revenue of $170.53 million for the quarter, compared to analysts' expectations of $162.06 million. During the same period in the previous year, the firm posted ($0.74) EPS. The business's revenue was up 18.5% on a year-over-year basis. NETGEAR has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

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.