Donald Smith & CO. Inc. Buys 82,192 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

Donald Smith & CO. Inc. increased its holdings in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 39.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 292,192 shares of the communications equipment provider's stock after purchasing an additional 82,192 shares during the quarter. Donald Smith & CO. Inc. owned approximately 0.99% of NETGEAR worth $4,260,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NTGR. Walleye Capital LLC lifted its stake in NETGEAR by 279.2% in the 3rd quarter. Walleye Capital LLC now owns 151,718 shares of the communications equipment provider's stock worth $1,910,000 after purchasing an additional 111,713 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NETGEAR by 15.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 659,460 shares of the communications equipment provider's stock worth $8,303,000 after purchasing an additional 86,937 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in NETGEAR by 66.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 440,030 shares of the communications equipment provider's stock worth $5,540,000 after purchasing an additional 175,288 shares in the last quarter. Brandes Investment Partners LP lifted its stake in NETGEAR by 38.7% in the 3rd quarter. Brandes Investment Partners LP now owns 3,465,808 shares of the communications equipment provider's stock worth $43,635,000 after purchasing an additional 967,537 shares in the last quarter. Finally, Algert Global LLC lifted its stake in NETGEAR by 129.5% in the 3rd quarter. Algert Global LLC now owns 129,018 shares of the communications equipment provider's stock worth $1,624,000 after purchasing an additional 72,800 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Insider Transactions at NETGEAR

In related news, insider Andrew Wonki Kim sold 5,723 shares of NETGEAR stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $14.54, for a total transaction of $83,212.42. Following the completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. In other NETGEAR news, SVP Vikram Mehta sold 1,844 shares of NETGEAR stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $14.48, for a total value of $26,701.12. Following the completion of the transaction, the senior vice president now directly owns 25,569 shares of the company's stock, valued at $370,239.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew Wonki Kim sold 5,723 shares of NETGEAR stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $14.54, for a total transaction of $83,212.42. Following the completion of the transaction, the insider now directly owns 76,656 shares of the company's stock, valued at $1,114,578.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,456 shares of company stock valued at $195,304. Company insiders own 7.00% of the company's stock.

Wall Street Analyst Weigh In

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

NETGEAR Stock Performance

Shares of NTGR stock traded up $0.01 on Monday, hitting $14.86. 142,793 shares of the company's stock traded hands, compared to its average volume of 208,293. NETGEAR, Inc. has a one year low of $10.40 and a one year high of $15.93. The company's fifty day simple moving average is $14.90 and its 200 day simple moving average is $14.02. The stock has a market capitalization of $431.98 million, a price-to-earnings ratio of -4.23 and a beta of 0.84.

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

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.

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