32,200 Shares in NETGEAR, Inc. $NTGR Purchased by Murchinson Ltd.

Key Points

• Murchinson Ltd. acquired a new stake in NETGEAR, Inc., purchasing 32,200 shares valued at approximately $788,000, representing about 0.11% of the company's stock.
• Analyst ratings for NETGEAR show mixed signals, with Stifel Nicolaus and UBS Group setting a target price of $35.00, while Wall Street Zen downgraded the stock from "buy" to "hold."
• NETGEAR reported a quarterly revenue of $170.53 million, exceeding analyst expectations, and posted earnings per share of $0.06, significantly better than the forecast of a loss.

Murchinson Ltd. acquired a new stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,200 shares of the communications equipment provider's stock, valued at approximately $788,000. Murchinson Ltd. owned approximately 0.11% of NETGEAR at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of NETGEAR by 0.9% in the first quarter. Vanguard Group Inc. now owns 2,515,636 shares of the communications equipment provider's stock valued at $61,532,000 after buying an additional 23,488 shares in the last quarter. American Century Companies Inc. increased its position in shares of NETGEAR by 13.5% during the first quarter. American Century Companies Inc. now owns 874,339 shares of the communications equipment provider's stock worth $21,386,000 after purchasing an additional 103,875 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of NETGEAR by 22.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 506,756 shares of the communications equipment provider's stock worth $14,123,000 after purchasing an additional 93,737 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of NETGEAR by 9.9% during the first quarter. Bridgeway Capital Management LLC now owns 446,169 shares of the communications equipment provider's stock worth $10,913,000 after purchasing an additional 40,050 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of NETGEAR by 12.7% during the first quarter. AQR Capital Management LLC now owns 315,951 shares of the communications equipment provider's stock worth $7,728,000 after purchasing an additional 35,566 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, 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 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. This represents a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shravan Goli sold 11,757 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $26.11, for a total value of $306,975.27. Following the transaction, the director directly owned 31,285 shares in the company, valued at approximately $816,851.35. The trade was a 27.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,521 shares of company stock valued at $498,981 in the last quarter. Insiders own 2.30% of the company's stock.

NETGEAR Stock Performance

Shares of NETGEAR stock traded up $0.45 during trading hours on Thursday, hitting $28.82. The company's stock had a trading volume of 71,671 shares, compared to its average volume of 426,582. NETGEAR, Inc. has a twelve month low of $18.75 and a twelve month high of $31.55. The firm has a fifty day moving average of $26.72 and a 200-day moving average of $26.33. The stock has a market cap of $835.92 million, a price-to-earnings ratio of 13.35 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 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $162.06 million. During the same quarter in the prior year, the company posted ($0.74) EPS. The company's quarterly revenue was up 18.5% on a year-over-year basis. NETGEAR has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NTGR. Wall Street Zen cut NETGEAR from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. UBS Group set a $35.00 price target on NETGEAR in a research report on Thursday, August 21st. Finally, Stifel Nicolaus assumed coverage on NETGEAR in a research note on Friday, August 22nd. They set a "buy" rating and a $35.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target 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.