NETGEAR (NASDAQ:NTGR) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $26.43 and traded as high as $27.68. NETGEAR shares last traded at $26.70, with a volume of 266,635 shares changing hands.

Analyst Ratings Changes

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

NETGEAR Trading Up 5.2%

The business has a 50 day moving average of $27.44 and a 200-day moving average of $26.45. The stock has a market cap of $803.83 million, a PE ratio of 34.06 and a beta of 1.14.

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

Insider Activity at NETGEAR

In other NETGEAR news, VP Graeme Mclindin sold 2,377 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $28.38, for a total value of $67,459.26. Following the completion of the transaction, the vice president now directly owns 61,208 shares in the company, valued at approximately $1,737,083.04. The trade was a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Laura Durr sold 4,387 shares of the business's stock in a transaction 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 transaction, the director now owns 45,059 shares of the company's stock, valued at $1,279,225.01. This trade represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,671 shares of company stock valued at $565,429. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of NETGEAR

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Summit Investment Advisors Inc. increased its holdings in NETGEAR by 19.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider's stock valued at $81,000 after purchasing an additional 479 shares in the last quarter. Headlands Technologies LLC increased its holdings in NETGEAR by 19.6% in the 1st quarter. Headlands Technologies LLC now owns 3,010 shares of the communications equipment provider's stock valued at $74,000 after purchasing an additional 494 shares in the last quarter. CWM LLC increased its holdings in NETGEAR by 35.4% in 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 in the last quarter. SG Americas Securities LLC increased its holdings in NETGEAR by 5.8% in the 1st quarter. SG Americas Securities LLC now owns 14,241 shares of the communications equipment provider's stock valued at $348,000 after purchasing an additional 780 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in NETGEAR by 2.6% in the 4th quarter. Legal & General Group Plc now owns 32,902 shares of the communications equipment provider's stock valued at $917,000 after purchasing an additional 846 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

About NETGEAR

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.