Acadian Asset Management LLC Has $26.30 Million Holdings in NETGEAR, Inc. $NTGR

Key Points

• Acadian Asset Management LLC increased its stake in NETGEAR, Inc. by 16.5%, owning approximately 3.74% of the company, valued at $26.3 million, after acquiring an additional 152,183 shares.
• The stock has received a consensus rating of "Buy" from analysts, with UBS Group and Stifel Nicolaus setting target prices of $35.00.
• NETGEAR reported a significant earnings beat with an EPS of $0.06 for the last quarter, surpassing analysts' estimates, while revenue grew by 18.5% year-over-year.

Acadian Asset Management LLC grew its holdings in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,075,982 shares of the communications equipment provider's stock after purchasing an additional 152,183 shares during the period. Acadian Asset Management LLC owned approximately 3.74% of NETGEAR worth $26,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NTGR. CWM LLC boosted its holdings in shares of NETGEAR by 35.4% in the first quarter. CWM LLC now owns 2,916 shares of the communications equipment provider's stock worth $71,000 after buying an additional 763 shares during the period. Headlands Technologies LLC boosted its holdings in shares of NETGEAR by 19.6% in the first 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 during the period. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of NETGEAR in the first quarter worth about $154,000. Parallax Volatility Advisers L.P. acquired a new position in shares of NETGEAR in the first quarter worth about $206,000. Finally, US Bancorp DE boosted its holdings in shares of NETGEAR by 142.6% in the first quarter. US Bancorp DE now owns 8,800 shares of the communications equipment provider's stock worth $215,000 after buying an additional 5,172 shares during the period. Institutional investors own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NTGR. Stifel Nicolaus started coverage on shares of NETGEAR in a report on Friday, August 22nd. They set a "buy" rating and a $35.00 price target for the company. Wall Street Zen lowered shares of NETGEAR from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, UBS Group set a $35.00 price target on shares of NETGEAR in a report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $33.00.

NETGEAR Stock Performance

NASDAQ:NTGR traded down $0.02 on Tuesday, hitting $29.02. 84,338 shares of the stock were exchanged, compared to its average volume of 424,428. The stock has a market capitalization of $841.70 million, a price-to-earnings ratio of 13.38 and a beta of 1.07. The company's 50-day moving average price is $26.68 and its 200 day moving average price is $26.39. NETGEAR, Inc. has a 52 week low of $18.75 and a 52 week high of $31.55.

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 analysts' consensus estimates of ($0.16) by $0.22. The company had revenue of $170.53 million during the quarter, compared to analysts' expectations of $162.06 million. NETGEAR had a negative return on equity of 3.24% and a net margin of 9.13%.NETGEAR's revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.74) EPS. NETGEAR has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Insiders Place Their Bets

In other NETGEAR news, Director Shravan Goli sold 11,757 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 31,285 shares of the company's stock, valued at $816,851.35. This represents a 27.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by company insiders.

NETGEAR 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.