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

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

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 stock was sold at an average price of $14.50, for a total value of $85,390.50.

NETGEAR Stock Performance

NTGR stock opened at $14.15 on Friday. NETGEAR, Inc. has a 52-week low of $10.40 and a 52-week high of $17.67. The stock’s fifty day simple moving average is $14.84 and its 200-day simple moving average is $13.87.

NETGEAR (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.04. NETGEAR had a negative return on equity of 2.96% and a negative net margin of 14.14%. The business had revenue of $188.67 million for the quarter, compared to analysts’ expectations of $185.14 million. During the same quarter last year, the firm earned ($0.21) earnings per share. The business’s revenue was down 24.3% on a year-over-year basis. Equities research analysts predict that NETGEAR, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTGR. Brandes Investment Partners LP boosted its holdings in NETGEAR by 38.7% in the third quarter. Brandes Investment Partners LP now owns 3,465,808 shares of the communications equipment provider’s stock valued at $43,635,000 after acquiring an additional 967,537 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in NETGEAR by 46.2% in the second quarter. JPMorgan Chase & Co. now owns 656,756 shares of the communications equipment provider’s stock valued at $9,300,000 after acquiring an additional 207,551 shares during the last quarter. Vanguard Group Inc. boosted its holdings in NETGEAR by 9.2% in the fourth quarter. Vanguard Group Inc. now owns 2,407,791 shares of the communications equipment provider’s stock valued at $35,106,000 after acquiring an additional 203,766 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in NETGEAR by 66.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 440,030 shares of the communications equipment provider’s stock valued at $5,540,000 after acquiring an additional 175,288 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in NETGEAR by 3.0% in the first quarter. BlackRock Inc. now owns 5,588,137 shares of the communications equipment provider’s stock valued at $137,917,000 after acquiring an additional 165,385 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial restated a “buy” rating and set a $30.00 price objective on shares of NETGEAR in a report on Wednesday, April 10th.

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.