Trexquant Investment LP Has $4.91 Million Stock Holdings in NETGEAR, Inc. $NTGR

Key Points

• Trexquant Investment LP increased its stake in NETGEAR by 30.2%, acquiring an additional 46,563 shares in Q1, bringing its total holdings to 200,667 shares.
• NETGEAR reported earnings of $0.06 per share for Q2, significantly beating estimates and demonstrating an 18.5% increase in revenue year-over-year.
• Research firms have set a consensus price target of $33.00 for NETGEAR, with two analysts rating it as a "Buy" despite some recent downgrades.

Trexquant Investment LP increased its position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 30.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,667 shares of the communications equipment provider's stock after buying an additional 46,563 shares during the period. Trexquant Investment LP owned about 0.70% of NETGEAR worth $4,908,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ritholtz Wealth Management bought a new stake in shares of NETGEAR in the 1st quarter worth about $495,000. Informed Momentum Co LLC boosted its holdings in shares of NETGEAR by 129.9% in the 1st quarter. Informed Momentum Co LLC now owns 95,100 shares of the communications equipment provider's stock valued at $2,326,000 after buying an additional 53,739 shares during the period. GAMMA Investing LLC boosted its holdings in shares of NETGEAR by 3,539.0% in the 1st quarter. GAMMA Investing LLC now owns 11,936 shares of the communications equipment provider's stock valued at $292,000 after buying an additional 11,608 shares during the period. American Century Companies Inc. boosted its holdings in shares of NETGEAR by 13.5% in the 1st quarter. American Century Companies Inc. now owns 874,339 shares of the communications equipment provider's stock valued at $21,386,000 after buying an additional 103,875 shares during the period. Finally, Tenzing Global Management LLC boosted its holdings in shares of NETGEAR by 64.3% in the 4th 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. Institutional investors own 82.97% of the company's stock.

NETGEAR Trading Up 1.4%

Shares of NASDAQ NTGR traded up $0.39 during midday trading on Wednesday, reaching $27.29. The company's stock had a trading volume of 240,120 shares, compared to its average volume of 450,580. The company has a 50 day moving average price of $26.80 and a 200 day moving average price of $26.29. NETGEAR, Inc. has a one year low of $15.40 and a one year high of $31.55. The company has a market cap of $791.68 million, a price-to-earnings ratio of 12.63 and a beta of 1.07.

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

Insider Buying and Selling at NETGEAR

In related news, VP Graeme Mclindin sold 2,377 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $28.38, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Laura Durr sold 4,388 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $29.50, for a total transaction of $129,446.00. Following the sale, the director directly owned 49,446 shares of the company's stock, valued at approximately $1,458,657. This represents a 8.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,909 shares of company stock worth $628,427. 2.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.