NETGEAR, Inc. (NASDAQ:NTGR) Insider Sells $83,212.42 in Stock

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) insider Andrew Wonki Kim sold 5,723 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $14.54, for a total transaction of $83,212.42. Following the sale, the insider now directly owns 76,656 shares of the company's stock, valued at approximately $1,114,578.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Andrew Wonki Kim also recently made the following trade(s):

• On Thursday, February 15th, Andrew Wonki Kim sold 5,889 shares of NETGEAR stock. The shares were sold at an average price of $14.50, for a total transaction of $85,390.50.

NETGEAR Stock Down 1.6 %

NTGR stock traded down $0.23 during mid-day trading on Tuesday, hitting $14.05. The company had a trading volume of 166,068 shares, compared to its average volume of 217,491. The company has a market capitalization of $416.72 million, a price-to-earnings ratio of -3.96 and a beta of 0.84. NETGEAR, Inc. has a 12-month low of $10.40 and a 12-month high of $18.52. The company has a 50-day moving average price of $14.83 and a 200 day moving average price of $13.86.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced its earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.04. The firm had revenue of $188.67 million for the quarter, compared to analysts' expectations of $185.14 million. NETGEAR had a negative net margin of 14.14% and a negative return on equity of 2.96%. The business's revenue was down 24.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.21) EPS. As a group, analysts expect that NETGEAR, Inc. will post -0.16 EPS for the current year.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a "buy" rating and set a $30.00 target price on shares of NETGEAR in a research note on Wednesday, April 10th.

Institutional Trading of NETGEAR

Several hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd raised its position in shares of NETGEAR by 53.1% during the 4th quarter. Quadrature Capital Ltd now owns 27,482 shares of the communications equipment provider's stock valued at $401,000 after buying an additional 9,527 shares in the last quarter. Vanguard Group Inc. raised its position in shares of NETGEAR by 9.2% during the 4th quarter. Vanguard Group Inc. now owns 2,407,791 shares of the communications equipment provider's stock valued at $35,106,000 after buying an additional 203,766 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of NETGEAR by 4.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 214,586 shares of the communications equipment provider's stock valued at $3,129,000 after buying an additional 9,832 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of NETGEAR by 86.7% during the 4th quarter. GSA Capital Partners LLP now owns 150,038 shares of the communications equipment provider's stock valued at $2,188,000 after buying an additional 69,673 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of NETGEAR by 55.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 47,978 shares of the communications equipment provider's stock valued at $700,000 after buying an additional 17,144 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

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.