Caxton Associates LLP Buys New Stake in NETGEAR, Inc. $NTGR

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NTGR. Ritholtz Wealth Management acquired a new stake in shares of NETGEAR during the 1st quarter worth approximately $495,000. Informed Momentum Co LLC raised its holdings in NETGEAR by 129.9% in the 1st quarter. Informed Momentum Co LLC now owns 95,100 shares of the communications equipment provider's stock valued at $2,326,000 after buying an additional 53,739 shares during the period. GAMMA Investing LLC lifted its position in NETGEAR by 3,539.0% in the first quarter. GAMMA Investing LLC now owns 11,936 shares of the communications equipment provider's stock valued at $292,000 after buying an additional 11,608 shares during the last quarter. American Century Companies Inc. boosted its stake in NETGEAR by 13.5% during the first quarter. American Century Companies Inc. now owns 874,339 shares of the communications equipment provider's stock worth $21,386,000 after buying an additional 103,875 shares during the period. Finally, Tenzing Global Management LLC raised its position in NETGEAR by 64.3% in the fourth quarter. Tenzing Global Management LLC now owns 287,500 shares of the communications equipment provider's stock valued at $8,013,000 after purchasing an additional 112,500 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

NETGEAR Stock Down 1.3%

Shares of NTGR stock traded down $0.38 during mid-day trading on Friday, hitting $28.65. 315,168 shares of the company's stock were exchanged, compared to its average volume of 329,030. The stock has a 50-day simple moving average of $26.70 and a two-hundred day simple moving average of $26.37. NETGEAR, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $31.55. The stock has a market cap of $831.11 million, a price-to-earnings ratio of 13.26 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 EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.22. The business had revenue of $170.53 million for the quarter, compared to analysts' expectations of $162.06 million. NETGEAR had a net margin of 9.13% and a negative return on equity of 3.24%. The business's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.74) earnings per share. NETGEAR has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In related news, Director Shravan Goli sold 11,757 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by insiders.

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.