Rhumbline Advisers Trims Position in NETGEAR, Inc. $NTGR

Key Points

• Rhumbline Advisers has reduced its holdings in NETGEAR, Inc. by 27.6% during the first quarter, now owning 50,538 shares valued at $1,236,000.
• Several institutional investors, including Vanguard Group and Acadian Asset Management, have increased their stakes in NETGEAR amidst a generally positive outlook from analysts.
• NETGEAR recently reported earnings that exceeded analyst expectations, with a revenue increase of 18.5% year-over-year, prompting an average Buy rating and a target price consensus of $33.00 from analysts.

Rhumbline Advisers reduced its position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,538 shares of the communications equipment provider's stock after selling 19,303 shares during the period. Rhumbline Advisers owned about 0.18% of NETGEAR worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC grew its position in shares of 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 during the last quarter. Headlands Technologies LLC lifted its stake 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 acquiring 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 approximately $154,000. Parallax Volatility Advisers L.P. bought a new position in NETGEAR during the 1st quarter worth approximately $206,000. Finally, US Bancorp DE raised its holdings in NETGEAR by 142.6% during the 1st quarter. US Bancorp DE now owns 8,800 shares of the communications equipment provider's stock worth $215,000 after purchasing an additional 5,172 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at NETGEAR

In other news, Director Shravan Goli sold 11,757 shares of NETGEAR stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $26.11, for a total value of $306,975.27. Following the completion of the transaction, the director owned 31,285 shares in the company, valued at $816,851.35. This trade 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 the SEC website. Corporate insiders own 2.30% of the company's stock.

NETGEAR Trading Up 0.5%

Shares of NTGR stock traded up $0.15 during trading hours on Tuesday, hitting $28.85. 12,033 shares of the company were exchanged, compared to its average volume of 421,814. The firm has a fifty day simple moving average of $26.60 and a 200 day simple moving average of $26.56. NETGEAR, Inc. has a 52-week low of $18.75 and a 52-week high of $31.55. The stock has a market capitalization of $836.94 million, a price-to-earnings ratio of 13.36 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 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.22. NETGEAR had a negative return on equity of 3.24% and a net margin of 9.13%.The business had revenue of $170.53 million during the quarter, compared to analyst estimates of $162.06 million. During the same period in the prior year, the company earned ($0.74) earnings per share. NETGEAR's revenue was up 18.5% compared to the same quarter last year. NETGEAR has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that NETGEAR, Inc. will post -1.84 EPS for the current 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.