Northwest & Ethical Investments L.P. Invests $283,000 in NETGEAR, Inc. $NTGR

Key Points

• Northwest & Ethical Investments L.P. has acquired a new stake in NETGEAR, Inc., purchasing 11,600 shares valued at approximately $283,000 during the first quarter.
• Institutional investors, including Picton Mahoney Asset Management and Barclays PLC, have significantly increased their positions in NETGEAR, with Picton Mahoney lifting its stake by 4,835.7%.
• NETGEAR reported earnings of $0.06 per share for the last quarter, exceeding analyst expectations, while revenue increased by 18.5% year-over-year.

Northwest & Ethical Investments L.P. bought a new stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,600 shares of the communications equipment provider's stock, valued at approximately $283,000.

Other large investors have also bought and sold shares of the company. CWM LLC boosted its stake in NETGEAR by 35.4% during the first 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. Summit Investment Advisors Inc. boosted its stake in NETGEAR by 19.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider's stock valued at $81,000 after buying an additional 479 shares in the last quarter. Headlands Technologies LLC boosted its stake in NETGEAR by 19.6% during the first quarter. Headlands Technologies LLC now owns 3,010 shares of the communications equipment provider's stock valued at $74,000 after buying an additional 494 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in NETGEAR during the first quarter valued at about $154,000. Finally, ProShare Advisors LLC bought a new position in NETGEAR during the fourth quarter valued at about $219,000. Institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

NTGR has been the subject of several research reports. UBS Group set a $35.00 target price on NETGEAR in a research note on Thursday, August 21st. Wall Street Zen downgraded NETGEAR from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Stifel Nicolaus started coverage on NETGEAR in a report on Friday. They set a "buy" rating and a $35.00 target price for the company. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, NETGEAR presently has an average rating of "Buy" and a consensus price target of $33.00.

NETGEAR Price Performance

NETGEAR stock traded up $0.09 during mid-day trading on Tuesday, hitting $27.09. The company's stock had a trading volume of 430,902 shares, compared to its average volume of 601,827. The firm's 50 day moving average is $26.84 and its 200 day moving average is $26.38. The company has a market cap of $785.88 million, a PE ratio of 12.54 and a beta of 1.07. NETGEAR, Inc. has a 52-week low of $15.40 and a 52-week high of $31.55.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.22. The firm 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 business's revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.74) EPS. NETGEAR has set its Q3 2025 guidance at EPS. As a group, analysts forecast that NETGEAR, Inc. will post -1.84 EPS for the current year.

Insiders Place Their Bets

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 value of $67,459.26. Following the completion of the sale, the vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Laura Durr sold 4,387 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $28.39, for a total value of $124,546.93. Following the completion of the sale, the director directly owned 45,059 shares of the company's stock, valued at approximately $1,279,225.01. This represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,757 shares of company stock valued at $797,376 in the last 90 days. Insiders own 2.30% of the company's stock.

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.