Goldman Sachs Group Inc. Boosts Stock Position in NETGEAR, Inc. $NTGR

Key Points

• Goldman Sachs Group Inc. increased its stake in NETGEAR by 15.5% in Q1, owning 279,874 shares worth approximately $6.85 million.
• Institutional investors now hold 82.97% of NETGEAR's stock, with several firms also significantly boosting their positions during the same quarter.
• Analysts have mixed ratings on NETGEAR, with price targets around $35.00 and a consensus rating of "Buy", though some have downgraded their views recently.

Goldman Sachs Group Inc. increased its position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 15.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,874 shares of the communications equipment provider's stock after purchasing an additional 37,469 shares during the period. Goldman Sachs Group Inc. owned approximately 0.97% of NETGEAR worth $6,846,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NTGR. Tenzing Global Management LLC boosted its stake in NETGEAR by 100.0% in the 1st quarter. Tenzing Global Management LLC now owns 575,000 shares of the communications equipment provider's stock worth $14,064,000 after purchasing an additional 287,500 shares in the last quarter. Picton Mahoney Asset Management boosted its stake in NETGEAR by 4,835.7% in the 1st quarter. Picton Mahoney Asset Management now owns 162,878 shares of the communications equipment provider's stock worth $3,983,000 after purchasing an additional 159,578 shares in the last quarter. Acadian Asset Management LLC boosted its stake in NETGEAR by 16.5% in the 1st quarter. Acadian Asset Management LLC now owns 1,075,982 shares of the communications equipment provider's stock worth $26,303,000 after purchasing an additional 152,183 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in NETGEAR by 143.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 193,778 shares of the communications equipment provider's stock worth $4,740,000 after purchasing an additional 114,085 shares in the last quarter. Finally, Nuveen LLC bought a new position in NETGEAR in the 1st quarter worth about $2,741,000. Institutional investors own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NTGR. Stifel Nicolaus began coverage on shares of NETGEAR in a research note on Friday, August 22nd. They set a "buy" rating and a $35.00 target price on the stock. UBS Group set a $35.00 target price on shares of NETGEAR in a research note on Thursday, August 21st. 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $33.00.

NETGEAR Trading Down 0.9%

Shares of NETGEAR stock traded down $0.25 during trading on Friday, hitting $29.07. 93,784 shares of the stock traded hands, compared to its average volume of 422,227. The firm has a market cap of $843.29 million, a P/E ratio of 13.46 and a beta of 1.07. NETGEAR, Inc. has a 52-week low of $18.75 and a 52-week high of $31.55. The stock's fifty day simple moving average is $26.62 and its 200 day simple moving average is $26.46.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 EPS 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 analyst estimates of $162.06 million. NETGEAR had a negative return on equity of 3.24% and a net margin of 9.13%.The business's revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.74) earnings per share. NETGEAR has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that NETGEAR, Inc. will post -1.84 EPS for the current year.

Insider Activity at NETGEAR

In other news, Director Shravan Goli sold 11,757 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $26.11, for a total transaction of $306,975.27. Following the transaction, the director owned 31,285 shares in the company, valued at approximately $816,851.35. This trade represents a 27.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company's stock.

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.