KLP Kapitalforvaltning AS Acquires 11,400 Shares of NETGEAR, Inc. $NTGR

Key Points

• KLP Kapitalforvaltning AS significantly increased its stake in NETGEAR, Inc. by 67.9%, acquiring an additional 11,400 shares, bringing its total ownership to 28,200 shares valued at approximately $820,000.
• Insider activity included Director Bradley Maiorino selling 13,063 shares for over $460,000, while Director Shravan Goli sold 2,047 shares worth around $61,000.
• Analysts have raised NETGEAR's stock ratings with Zacks upgrading it to a "strong-buy" and several firms setting a price target of $35 for the stock.

KLP Kapitalforvaltning AS increased its holdings in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 67.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,200 shares of the communications equipment provider's stock after acquiring an additional 11,400 shares during the period. KLP Kapitalforvaltning AS owned about 0.10% of NETGEAR worth $820,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ritholtz Wealth Management bought a new position in shares of NETGEAR in the first quarter valued at approximately $495,000. Informed Momentum Co LLC grew its holdings in shares of NETGEAR by 129.9% in the first quarter. Informed Momentum Co LLC now owns 95,100 shares of the communications equipment provider's stock valued at $2,326,000 after acquiring an additional 53,739 shares in the last quarter. GAMMA Investing LLC grew its holdings in NETGEAR by 3,539.0% during the first quarter. GAMMA Investing LLC now owns 11,936 shares of the communications equipment provider's stock valued at $292,000 after purchasing an additional 11,608 shares during the period. American Century Companies Inc. grew its holdings in NETGEAR by 13.5% during the first quarter. American Century Companies Inc. now owns 874,339 shares of the communications equipment provider's stock valued at $21,386,000 after purchasing an additional 103,875 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in NETGEAR by 138.8% during the first quarter. Russell Investments Group Ltd. now owns 69,333 shares of the communications equipment provider's stock valued at $1,707,000 after purchasing an additional 40,294 shares during the period. 82.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NETGEAR news, Director Bradley Maiorino sold 13,063 shares of the firm's stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $35.26, for a total transaction of $460,601.38. Following the sale, the director owned 56,356 shares in the company, valued at $1,987,112.56. This trade represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shravan Goli sold 2,047 shares of the firm's stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $29.95, for a total value of $61,307.65. Following the sale, the director owned 29,238 shares in the company, valued at $875,678.10. The trade was a 6.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,867 shares of company stock worth $828,884 in the last quarter. 2.30% of the stock is currently owned by company insiders.

NETGEAR Stock Performance

Shares of NTGR stock opened at $32.46 on Friday. NETGEAR, Inc. has a 52-week low of $18.75 and a 52-week high of $36.86. The company has a market capitalization of $941.66 million, a PE ratio of 15.03 and a beta of 1.09. The business's fifty day moving average is $29.01 and its 200 day moving average is $27.57.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share (EPS) 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 company had revenue of $170.53 million for the quarter, compared to the consensus estimate of $162.06 million. During the same quarter last year, the business posted ($0.74) earnings per share. The firm's revenue was up 18.5% compared to the same quarter last year. NETGEAR has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NTGR shares. Zacks Research raised NETGEAR from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 8th. Stifel Nicolaus started coverage on NETGEAR in a report on Friday, August 22nd. They set a "buy" rating and a $35.00 price objective for the company. Weiss Ratings reissued a "hold (c)" rating on shares of NETGEAR in a report on Wednesday, October 8th. UBS Group set a $35.00 price objective on NETGEAR in a report on Thursday, August 21st. Finally, Seaport Res Ptn raised NETGEAR to a "strong-buy" rating in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $33.00.

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.

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