NETGEAR (NASDAQ:NTGR) Sets New 52-Week High - Here's What Happened

Key Points

• NETGEAR's share price reached a new 52-week high of $32.58 during trading, reflecting a significant increase from its previous close of $29.25, with a trading volume of 185,572 shares.
• Investment analysts have issued mixed ratings on NETGEAR, with UBS Group setting a target price of $35.00, while Wall Street Zen downgraded the stock from "buy" to "hold"; the consensus rating remains "Buy" with a target price of $33.00.
• NETGEAR reported $0.06 earnings per share in its latest quarter, exceeding analysts' expectations and marking an 18.5% year-over-year revenue increase to $170.53 million.

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $32.58 and last traded at $32.51, with a volume of 185572 shares changing hands. The stock had previously closed at $29.25.

Wall Street Analyst Weigh In

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

NETGEAR Stock Performance

The stock has a market capitalization of $907.43 million, a P/E ratio of 14.48 and a beta of 1.07. The business has a fifty day simple moving average of $26.61 and a 200-day simple moving average of $26.71.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share for the quarter, topping 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 analyst estimates of $162.06 million. During the same period in the prior year, the firm earned ($0.74) earnings per share. NETGEAR's revenue for the quarter was up 18.5% on a year-over-year basis. NETGEAR has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Shravan Goli sold 11,757 shares of the stock in a transaction on 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 directly owned 31,285 shares of the company's stock, valued at approximately $816,851.35. This represents a 27.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On NETGEAR

Several large investors have recently made changes to their positions in NTGR. FNY Investment Advisers LLC purchased a new stake in shares of NETGEAR during the 2nd quarter valued at $58,000. Rexford Capital Inc. purchased a new stake in shares of NETGEAR during the 2nd quarter valued at $58,000. CWM LLC increased its position in shares of NETGEAR by 35.4% during the 1st quarter. CWM LLC now owns 2,916 shares of the communications equipment provider's stock valued at $71,000 after purchasing an additional 763 shares during the last quarter. Headlands Technologies LLC grew its stake in shares of NETGEAR by 19.6% during the 1st quarter. Headlands Technologies LLC now owns 3,010 shares of the communications equipment provider's stock worth $74,000 after acquiring an additional 494 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of NETGEAR by 35.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,475 shares of the communications equipment provider's stock worth $101,000 after acquiring an additional 904 shares during the period. 82.97% of the stock is 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.

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