Nuveen LLC Makes New Investment in NETGEAR, Inc. $NTGR

Key Points

• Nuveen LLC has acquired a new stake in NETGEAR, purchasing 112,070 shares valued at approximately $2.74 million, representing about 0.39% of the company's holdings.
• Institutional investors hold 82.97% of NETGEAR's stock, with notable increases in stakes from Wells Fargo, Dimensional Fund Advisors, and HSBC during the fourth quarter.
• NETGEAR reported strong quarterly earnings, exceeding expectations with a net revenue of $170.53 million and an EPS of $0.06, indicating an 18.5% year-over-year revenue growth.

Nuveen LLC purchased a new position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 112,070 shares of the communications equipment provider's stock, valued at approximately $2,741,000. Nuveen LLC owned 0.39% of NETGEAR at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of NTGR. Picton Mahoney Asset Management increased its stake in NETGEAR by 4,835.7% in the 1st quarter. Picton Mahoney Asset Management now owns 162,878 shares of the communications equipment provider's stock worth $3,983,000 after purchasing an additional 159,578 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of NETGEAR by 47.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 406,119 shares of the communications equipment provider's stock valued at $11,319,000 after buying an additional 131,243 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of NETGEAR by 143.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 193,778 shares of the communications equipment provider's stock valued at $4,740,000 after buying an additional 114,085 shares during the period. Tenzing Global Management LLC increased its stake in shares of NETGEAR by 64.3% during the fourth quarter. Tenzing Global Management LLC now owns 287,500 shares of the communications equipment provider's stock valued at $8,013,000 after buying an additional 112,500 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new position in shares of NETGEAR during the fourth quarter valued at approximately $2,702,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NETGEAR

In other news, VP Graeme Mclindin sold 2,377 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 61,208 shares of the company's stock, valued at $1,737,083.04. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Shravan Goli sold 11,757 shares of the firm'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 value of $306,975.27. Following the sale, the director directly owned 31,285 shares of the company's stock, valued at $816,851.35. This represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,909 shares of company stock valued at $628,427. Insiders own 2.30% of the company's stock.

NETGEAR Stock Performance

Shares of NASDAQ:NTGR traded down $0.35 during midday trading on Tuesday, reaching $26.82. 106,286 shares of the company's stock traded hands, compared to its average volume of 434,279. The company has a market cap of $778.05 million, a price-to-earnings ratio of 12.43 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 of $26.85 and a 200 day moving average of $26.28.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share 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 for the quarter, compared to the consensus estimate of $162.06 million. During the same quarter in the prior year, the company earned ($0.74) earnings per share. NETGEAR's revenue was up 18.5% on a year-over-year basis. NETGEAR has set its Q3 2025 guidance at EPS. Sell-side analysts predict that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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