Connor Clark & Lunn Investment Management Ltd. Trims Stock Position in NETGEAR, Inc. $NTGR

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. trimmed its holdings in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 62.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,693 shares of the communications equipment provider's stock after selling 106,588 shares during the period. 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.

Other hedge funds also recently made changes to their positions in the company. CWM LLC increased its stake in NETGEAR by 35.4% during the first quarter. CWM LLC now owns 2,916 shares of the communications equipment provider's stock worth $71,000 after acquiring an additional 763 shares during the last quarter. Headlands Technologies LLC lifted its holdings in NETGEAR by 19.6% during 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. Summit Investment Advisors Inc. lifted its holdings in shares of NETGEAR by 19.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider's stock valued at $81,000 after purchasing an additional 479 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of NETGEAR during the 1st quarter valued at $154,000. Finally, US Bancorp DE increased its position in shares of NETGEAR by 142.6% in the 1st quarter. US Bancorp DE now owns 8,800 shares of the communications equipment provider's stock valued at $215,000 after acquiring an additional 5,172 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Laura Durr sold 4,388 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $29.50, for a total transaction of $129,446.00. Following the completion of the transaction, the director owned 49,446 shares in the company, valued at approximately $1,458,657. The trade was a 8.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Graeme Mclindin sold 2,377 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $28.38, for a total transaction of $67,459.26. Following the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 17,000 shares of company stock worth $490,401. Corporate insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut NETGEAR from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, NETGEAR presently has a consensus rating of "Buy" and a consensus price target of $29.00.

NETGEAR Trading Down 0.1%

NETGEAR stock traded down $0.0250 during trading on Wednesday, hitting $24.9650. The company had a trading volume of 140,102 shares, compared to its average volume of 434,597. NETGEAR, Inc. has a 1-year low of $15.35 and a 1-year high of $31.55. The company's 50 day simple moving average is $27.04 and its 200-day simple moving average is $26.45. The stock has a market cap of $724.21 million, a price-to-earnings ratio of 11.56 and a beta of 1.07.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its earnings results 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. The firm 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 firm's revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.74) earnings per share. NETGEAR has set its Q3 2025 guidance at EPS. As a group, analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

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.