NETGEAR, Inc. (NASDAQ:NTGR) Director Sells $124,546.93 in Stock

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) Director Laura Durr sold 4,387 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $28.39, for a total value of $124,546.93. Following the completion of the sale, the director now directly owns 45,059 shares of the company's stock, valued at $1,279,225.01. The trade was a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Laura Durr also recently made the following trade(s):

• On Thursday, June 12th, Laura Durr sold 4,388 shares of NETGEAR stock. The shares were sold at an average price of $29.50, for a total transaction of $129,446.00.

NETGEAR Price Performance

Shares of NTGR stock traded down $0.52 during midday trading on Thursday, hitting $26.70. The company had a trading volume of 266,635 shares, compared to its average volume of 360,460. The stock has a market cap of $768.48 million, a price-to-earnings ratio of 32.56 and a beta of 1.14. The company's 50 day simple moving average is $27.27 and its 200 day simple moving average is $26.41. NETGEAR, Inc. has a 52-week low of $13.96 and a 52-week high of $31.55.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The communications equipment provider reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.35) by $0.37. The firm had revenue of $162.06 million for the quarter, compared to analyst estimates of $152.24 million. NETGEAR had a net margin of 3.72% and a negative return on equity of 7.63%. NETGEAR's quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm posted ($0.28) EPS. Analysts anticipate that NETGEAR, Inc. will post -1.84 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of NETGEAR from a "hold" rating to a "buy" rating in a research report on Monday, May 5th.

Institutional Trading of NETGEAR

Hedge funds and other institutional investors have recently made changes to their positions in the company. Inspire Investing LLC increased its stake in shares of NETGEAR by 4.6% during the first quarter. Inspire Investing LLC now owns 31,968 shares of the communications equipment provider's stock worth $782,000 after acquiring an additional 1,392 shares during the period. Strs Ohio purchased a new stake in NETGEAR in the 1st quarter valued at approximately $585,000. Acadian Asset Management LLC boosted its holdings in NETGEAR by 16.5% in the 1st quarter. Acadian Asset Management LLC now owns 1,075,982 shares of the communications equipment provider's stock valued at $26,303,000 after purchasing an additional 152,183 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in NETGEAR by 13.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,146 shares of the communications equipment provider's stock worth $1,814,000 after purchasing an additional 9,021 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of NETGEAR by 2.0% during the 1st quarter. Empowered Funds LLC now owns 152,269 shares of the communications equipment provider's stock worth $3,724,000 after buying an additional 3,050 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

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.