NETGEAR, Inc. $NTGR Shares Purchased by Acadian Asset Management LLC

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 boosted its position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 16.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in 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 purchasing an additional 763 shares during the period. Headlands Technologies LLC lifted its position in 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 purchasing an additional 494 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in NETGEAR in the first quarter worth approximately $154,000. ProShare Advisors LLC acquired a new stake in NETGEAR in the fourth quarter worth approximately $219,000. Finally, PharVision Advisers LLC acquired a new stake in NETGEAR in the fourth quarter worth approximately $227,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Shravan Goli sold 11,757 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $26.11, for a total value of $306,975.27. Following the completion of the sale, the director owned 31,285 shares in the company, valued at $816,851.35. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laura Durr sold 4,387 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $28.39, for a total value of $124,546.93. Following the completion of the sale, the director owned 45,059 shares of the company's stock, valued at $1,279,225.01. The trade was a 8.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,521 shares of company stock worth $498,981 over the last quarter. Corporate insiders own 2.30% of the company's stock.

NETGEAR Stock Performance

Shares of NASDAQ:NTGR opened at $28.37 on Thursday. NETGEAR, Inc. has a one year low of $15.40 and a one year high of $31.55. The stock has a fifty day moving average of $26.72 and a 200-day moving average of $26.33. The company has a market capitalization of $823.01 million, a PE ratio of 13.13 and a beta of 1.07.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $162.06 million. During the same quarter in the prior year, the firm earned ($0.74) EPS. The company's quarterly revenue was up 18.5% compared to the same quarter last year. NETGEAR has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

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.

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