Vanguard Group Inc. Acquires 23,488 Shares of NETGEAR, Inc. $NTGR

Key Points

• Vanguard Group Inc. increased its holdings in NETGEAR by 0.9% in Q1, owning approximately 8.74% of the company's stock, valued at about $61.5 million.
• NETGEAR reported earnings of $0.06 EPS for the quarter, exceeding expectations and showing a revenue increase of 18.5% year-over-year.
• Recent rating changes include Stifel Nicolaus initiating coverage with a "buy" rating at a $35 target price, while Wall Street Zen downgraded NETGEAR to a "hold" rating.

Vanguard Group Inc. lifted its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,515,636 shares of the communications equipment provider's stock after purchasing an additional 23,488 shares during the quarter. Vanguard Group Inc. owned 8.74% of NETGEAR worth $61,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. CWM LLC raised 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 worth $71,000 after purchasing an additional 763 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of NETGEAR in the 1st quarter worth about $154,000. ProShare Advisors LLC purchased a new position in shares of NETGEAR in the 4th quarter worth about $219,000. PharVision Advisers LLC bought a new stake in NETGEAR in the 4th quarter worth about $227,000. Finally, Voya Investment Management LLC bought a new stake in NETGEAR in the 4th quarter worth about $245,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

NETGEAR Trading Up 0.1%

NTGR stock traded up $0.03 during trading on Wednesday, reaching $27.12. The stock had a trading volume of 223,504 shares, compared to its average volume of 436,869. NETGEAR, Inc. has a 52 week low of $15.40 and a 52 week high of $31.55. The stock's 50 day moving average is $26.84 and its two-hundred day moving average is $26.38. The firm has a market cap of $786.75 million, a PE ratio of 12.56 and a beta of 1.07.

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. On average, research analysts anticipate that NETGEAR, Inc. will post -1.84 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at NETGEAR

In other NETGEAR 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 transaction, the vice president owned 61,208 shares of the company's stock, valued at approximately $1,737,083.04. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shravan Goli sold 11,757 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was 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 of the company's stock, valued at approximately $816,851.35. The trade was a 27.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,757 shares of company stock worth $797,376 in the last ninety days. Insiders own 2.30% of the company's stock.

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.