Invesco Ltd. Acquires 88,643 Shares of NETGEAR, Inc. $NTGR

Key Points

• Invesco Ltd. has increased its stake in NETGEAR, Inc. by 63.9%, now owning approximately 227,422 shares worth $5,563,000.
• Several institutional investors, including Vanguard Group Inc. and Bridgeway Capital Management LLC, have also significantly increased their holdings in NETGEAR during recent quarters.
• NETGEAR recently reported strong quarterly earnings, with a net revenue increase of 18.5% year-over-year and an EPS of $0.06, beating expectations of a loss.

Invesco Ltd. grew its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 63.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,422 shares of the communications equipment provider's stock after buying an additional 88,643 shares during the period. Invesco Ltd. owned approximately 0.79% of NETGEAR worth $5,563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Headlands Technologies LLC grew its stake in NETGEAR by 19.6% in the 1st 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 in the last quarter. CWM LLC boosted its stake 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 purchasing an additional 763 shares in the last quarter. SG Americas Securities LLC boosted its stake 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 purchasing an additional 780 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of NETGEAR by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 100,562 shares of the communications equipment provider's stock valued at $2,460,000 after purchasing an additional 881 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of NETGEAR by 10.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 14,389 shares of the communications equipment provider's stock valued at $352,000 after purchasing an additional 1,331 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

NETGEAR Trading Up 1.5%

NASDAQ NTGR traded up $0.40 during trading on Monday, hitting $27.17. The company had a trading volume of 490,852 shares, compared to its average volume of 510,366. NETGEAR, Inc. has a one year low of $15.40 and a one year high of $31.55. The company has a market cap of $788.17 million, a price-to-earnings ratio of 12.58 and a beta of 1.07. The company's fifty day moving average is $26.87 and its 200-day moving average is $26.29.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The communications equipment provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.22. NETGEAR had a net margin of 9.13% and a negative return on equity of 3.24%. The business had revenue of $170.53 million during the quarter, compared to analyst estimates of $162.06 million. During the same period in the prior year, the business earned ($0.74) EPS. The company's revenue for the quarter was up 18.5% on a year-over-year basis. NETGEAR has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that NETGEAR, Inc. will post -1.84 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, VP Graeme Mclindin sold 2,377 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $28.38, for a total value of $67,459.26. Following the completion of the transaction, the vice president directly owned 61,208 shares in the company, valued at $1,737,083.04. This trade represents a 3.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laura Durr sold 4,388 shares of the stock in a transaction dated Thursday, June 12th. The stock was 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 of the company's stock, valued at approximately $1,458,657. The trade was a 8.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,909 shares of company stock worth $628,427 in the last three months. 2.30% of the stock is owned by corporate insiders.

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.