42,866 Shares in NETGEAR, Inc. $NTGR Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP has taken a new position in NETGEAR, purchasing 42,866 shares valued at approximately $1.05 million, representing about 0.15% of the company.
• Several hedge funds, including Headlands Technologies and CWM LLC, have increased their stakes in NETGEAR during the first quarter, reflecting growing institutional interest in the company.
• NETGEAR reported better-than-expected earnings of $0.06 per share for the last quarter, beating the consensus estimate, and has received a buy rating with price targets around $35.00 from various analysts.

Caxton Associates LLP purchased a new stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,866 shares of the communications equipment provider's stock, valued at approximately $1,049,000. Caxton Associates LLP owned 0.15% of NETGEAR at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. CWM LLC raised its position in shares of NETGEAR by 35.4% during the first quarter. CWM LLC now owns 2,916 shares of the communications equipment provider's stock valued at $71,000 after buying an additional 763 shares during the last quarter. Headlands Technologies LLC raised its position 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 acquired a new position in NETGEAR in the first quarter worth about $154,000. ProShare Advisors LLC acquired a new position in NETGEAR in the fourth quarter worth about $219,000. Finally, PharVision Advisers LLC acquired a new position in NETGEAR in the fourth quarter worth about $227,000. 82.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NETGEAR

In other news, Director Shravan Goli sold 11,757 shares of the company's 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 completion of the sale, the director owned 31,285 shares of the company's stock, valued at approximately $816,851.35. This represents a 27.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company's stock.

NETGEAR Stock Performance

Shares of NETGEAR stock traded down $0.21 on Tuesday, reaching $28.82. 38,318 shares of the stock were exchanged, compared to its average volume of 424,134. The firm's 50 day moving average is $26.68 and its 200-day moving average is $26.39. NETGEAR, Inc. has a one year low of $18.75 and a one year high of $31.55. The firm has a market cap of $836.13 million, a PE ratio of 13.34 and a beta of 1.07.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.22. NETGEAR had a net margin of 9.13% and a negative return on equity of 3.24%. The company had revenue of $170.53 million during the quarter, compared to the consensus estimate of $162.06 million. During the same quarter in the prior year, the firm 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. On average, equities research analysts expect that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NTGR shares. UBS Group set a $35.00 target price on shares of NETGEAR in a research note on Thursday, August 21st. Stifel Nicolaus started coverage on shares of NETGEAR in a research note on Friday, August 22nd. They issued a "buy" rating and a $35.00 target price for the company. Finally, Wall Street Zen cut shares of NETGEAR from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, NETGEAR presently 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.