Hsbc Holdings PLC Has $1.08 Million Position in NETGEAR, Inc. $NTGR

Key Points

• Hsbc Holdings PLC has reduced its ownership of NETGEAR, Inc. by 39.5%, selling 28,940 shares in the first quarter, leaving it with a 0.15% stake now valued at approximately $1,083,000.
• Several hedge funds have increased their investments in NETGEAR, with notable increases including Informed Momentum Co LLC's 129.9% boost to its stake.
• NETGEAR's stock pricing and analysts' ratings show variability, with some recommending a buy at a target price of $35.00, while others have downgraded to a hold position following recent performance.

Hsbc Holdings PLC cut its holdings in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 39.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,269 shares of the communications equipment provider's stock after selling 28,940 shares during the quarter. Hsbc Holdings PLC owned 0.15% of NETGEAR worth $1,083,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NTGR. Wells Fargo & Company MN boosted its stake in shares of NETGEAR by 23.4% in the fourth quarter. Wells Fargo & Company MN now owns 17,802 shares of the communications equipment provider's stock valued at $496,000 after buying an additional 3,375 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in NETGEAR by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,332,316 shares of the communications equipment provider's stock worth $37,132,000 after purchasing an additional 44,752 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of NETGEAR by 18.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,607 shares of the communications equipment provider's stock worth $1,021,000 after acquiring an additional 5,780 shares during the last quarter. Voya Investment Management LLC purchased a new stake in shares of NETGEAR in the fourth quarter valued at $245,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of NETGEAR in the fourth quarter valued at $2,702,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

NETGEAR Trading Up 2.0%

NASDAQ NTGR traded up $0.56 on Thursday, hitting $27.85. 37,581 shares of the stock traded hands, compared to its average volume of 432,251. The stock has a 50-day moving average of $26.80 and a 200 day moving average of $26.29. NETGEAR, Inc. has a twelve month low of $15.40 and a twelve month high of $31.55. The company has a market capitalization of $807.76 million, a P/E ratio of 12.91 and a beta of 1.07.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced 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 negative return on equity of 3.24% and a net margin of 9.13%.The business had revenue of $170.53 million for the quarter, compared to analysts' expectations of $162.06 million. During the same period in the prior year, the firm earned ($0.74) EPS. The business's quarterly revenue was up 18.5% on a year-over-year basis. NETGEAR has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Insider Buying and Selling at NETGEAR

In other news, Director Laura Durr sold 4,388 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $29.50, for a total value of $129,446.00. Following the completion of the sale, the director owned 49,446 shares of the company's stock, valued at $1,458,657. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Graeme Mclindin sold 2,377 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $28.38, for a total value of $67,459.26. Following the completion of the sale, the vice president directly owned 61,208 shares of the company's stock, valued at approximately $1,737,083.04. This represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,909 shares of company stock valued at $628,427. 2.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NTGR has been the subject of a number of research reports. Stifel Nicolaus assumed coverage on NETGEAR in a research report on Friday, August 22nd. They set a "buy" rating and a $35.00 price target for the company. Wall Street Zen downgraded NETGEAR from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, UBS Group set a $35.00 target price on NETGEAR in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $33.00.

About NETGEAR

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.