Strs Ohio Acquires New Shares in NETGEAR, Inc. $NTGR

Key Points

• Strs Ohio invested approximately $585,000 in NETGEAR, acquiring 23,900 shares during the first quarter, which represents 0.08% of the company's stock.
• NETGEAR's shares have a 1-year high of $31.55 and a recent trading price of $29.12, indicating stable market performance.
• Two analysts recently gave NETGEAR a Buy rating, while another downgraded it to Hold, with a consensus target price of $33.00.

Strs Ohio purchased a new stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,900 shares of the communications equipment provider's stock, valued at approximately $585,000. Strs Ohio owned 0.08% of NETGEAR at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of NETGEAR by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,515,636 shares of the communications equipment provider's stock worth $61,532,000 after buying an additional 23,488 shares during the last quarter. Acadian Asset Management LLC grew its position in NETGEAR by 16.5% in the first quarter. Acadian Asset Management LLC now owns 1,075,982 shares of the communications equipment provider's stock valued at $26,303,000 after acquiring an additional 152,183 shares during the period. American Century Companies Inc. grew its position in NETGEAR by 13.5% in the first quarter. American Century Companies Inc. now owns 874,339 shares of the communications equipment provider's stock valued at $21,386,000 after acquiring an additional 103,875 shares during the period. Tenzing Global Management LLC grew its position in NETGEAR by 100.0% in the first quarter. Tenzing Global Management LLC now owns 575,000 shares of the communications equipment provider's stock valued at $14,064,000 after acquiring an additional 287,500 shares during the period. Finally, Bridgeway Capital Management LLC grew its position in NETGEAR by 9.9% in the first quarter. Bridgeway Capital Management LLC now owns 446,169 shares of the communications equipment provider's stock valued at $10,913,000 after acquiring an additional 40,050 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

NETGEAR Price Performance

Shares of NTGR traded down $0.09 on Tuesday, hitting $28.62. The company's stock had a trading volume of 57,414 shares, compared to its average volume of 422,057. The company has a 50 day moving average price of $26.60 and a 200 day moving average price of $26.56. NETGEAR, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $31.55. The company has a market capitalization of $830.12 million, a PE ratio of 13.26 and a beta of 1.07.

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

Insider Activity at NETGEAR

In related news, Director Shravan Goli sold 11,757 shares of the company's stock in a transaction on 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 sale, the director owned 31,285 shares in the company, valued at $816,851.35. This represents a 27.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NTGR. Wall Street Zen cut NETGEAR from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. UBS Group set a $35.00 target price on NETGEAR in a research note on Thursday, August 21st. Finally, 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 on the stock. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $33.00.

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.