Charles Schwab Investment Management Inc. Has $7.13 Million Stake in NETGEAR, Inc. $NTGR

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in NETGEAR by 22.1%, selling 82,612 shares during the 1st quarter, leaving it with 291,351 shares valued at approximately $7.1 million.
• Insider trading revealed that Director Laura Durr sold 4,388 shares for about $129,446, while Director Sarah Butterfass sold 5,848 shares for approximately $168,949.
• Analysts have mixed sentiments, with UBS setting a price objective of $35.00 for NETGEAR, while Wall Street Zen has downgraded the stock from a "buy" rating to a "hold" rating.

Charles Schwab Investment Management Inc. decreased its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 22.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,351 shares of the communications equipment provider's stock after selling 82,612 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.01% of NETGEAR worth $7,126,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. CWM LLC boosted its stake in 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 buying an additional 763 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in NETGEAR in the 1st quarter valued at $154,000. ProShare Advisors LLC acquired a new stake in NETGEAR in the 4th quarter valued at $219,000. PharVision Advisers LLC bought a new position in NETGEAR in the 4th quarter valued at $227,000. Finally, Voya Investment Management LLC acquired a new position in NETGEAR in the fourth quarter worth $245,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

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

NETGEAR Price Performance

Shares of NTGR stock traded up $0.40 on Monday, reaching $27.17. 490,852 shares of the stock were exchanged, compared to its average volume of 510,366. The stock has a market cap of $788.17 million, a PE ratio of 12.58 and a beta of 1.07. NETGEAR, Inc. has a one year low of $15.40 and a one year high of $31.55. The stock has a 50 day moving average price of $26.87 and a 200 day moving average price of $26.29.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.22. The company had revenue of $170.53 million during the quarter, compared to the consensus estimate of $162.06 million. NETGEAR had a negative return on equity of 3.24% and a net margin of 9.13%.The firm's quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.74) earnings per share. NETGEAR has set its Q3 2025 guidance at EPS. On average, research analysts expect that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

Insider Transactions at NETGEAR

In other news, Director Shravan Goli sold 11,757 shares of the business's stock in a transaction 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 sale, the director owned 31,285 shares in the company, valued at $816,851.35. The trade was a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Graeme Mclindin sold 2,377 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $28.38, for a total value of $67,459.26. Following the sale, the vice president owned 61,208 shares of the company's stock, valued at approximately $1,737,083.04. The trade was a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,909 shares of company stock worth $628,427 over the last 90 days. 2.30% of the stock is owned by 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.