NETGEAR, Inc. $NTGR Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. has reduced its stake in NETGEAR, Inc. (NASDAQ: NTGR) by 62.6%, owning 63,693 shares after selling 106,588 shares in the latest quarter.
• Several hedge funds, including LPL Financial LLC and Wells Fargo & Company, have increased their holdings in NETGEAR during the fourth quarter, indicating mixed investor sentiment.
• NETGEAR reported earnings of $0.06 per share in its latest quarter, exceeding estimates of a loss and showing a revenue increase of 18.5% year-over-year.

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 62.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,693 shares of the communications equipment provider's stock after selling 106,588 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.22% of NETGEAR worth $1,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. increased its holdings in shares of NETGEAR by 19.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider's stock valued at $81,000 after acquiring an additional 479 shares during the period. Headlands Technologies LLC increased 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 valued at $74,000 after acquiring an additional 494 shares during the period. CWM LLC increased its holdings in shares of NETGEAR by 35.4% in the 1st quarter. CWM LLC now owns 2,916 shares of the communications equipment provider's stock valued at $71,000 after acquiring an additional 763 shares during the period. SG Americas Securities LLC increased its holdings in shares of NETGEAR by 5.8% in the 1st quarter. SG Americas Securities LLC now owns 14,241 shares of the communications equipment provider's stock valued at $348,000 after acquiring an additional 780 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of NETGEAR by 2.6% in the 4th quarter. Legal & General Group Plc now owns 32,902 shares of the communications equipment provider's stock valued at $917,000 after acquiring an additional 846 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NETGEAR news, VP Graeme Mclindin sold 2,377 shares of NETGEAR stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $28.38, for a total transaction of $67,459.26. Following the completion of the sale, the vice president owned 61,208 shares of the company's stock, valued at approximately $1,737,083.04. The trade was a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sarah Butterfass sold 5,848 shares of NETGEAR stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $28.89, for a total value of $168,948.72. Following the sale, the director directly owned 41,657 shares of the company's stock, valued at approximately $1,203,470.73. This represents a 12.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,000 shares of company stock valued at $490,401. 2.30% of the stock is owned by company insiders.

NETGEAR Stock Down 1.6%

Shares of NETGEAR stock traded down $0.39 during trading on Thursday, reaching $24.61. The company's stock had a trading volume of 263,086 shares, compared to its average volume of 586,095. The company has a market cap of $713.94 million, a price-to-earnings ratio of 11.39 and a beta of 1.07. NETGEAR, Inc. has a 1-year low of $15.35 and a 1-year high of $31.55. The company has a 50-day simple moving average of $26.85 and a two-hundred day simple moving average of $26.42.

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, topping analysts' consensus estimates of ($0.16) by $0.22. The firm had revenue of $170.53 million during the quarter, compared to analysts' expectations of $162.06 million. NETGEAR had a negative return on equity of 3.24% and a net margin of 9.13%.The business's quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.74) EPS. 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 year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded NETGEAR from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $29.00.

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.