NetGear, Inc. (NTGR) CEO Patrick Cs Lo Sells 13,999 Shares

NetGear, Inc. (NASDAQ:NTGR) CEO Patrick Cs Lo sold 13,999 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $59.92, for a total transaction of $838,820.08. Following the transaction, the chief executive officer now directly owns 183,125 shares of the company’s stock, valued at approximately $10,972,850. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Patrick Cs Lo also recently made the following trade(s):

  • On Friday, December 1st, Patrick Cs Lo sold 19,799 shares of NetGear stock. The stock was sold at an average price of $51.05, for a total transaction of $1,010,738.95.
  • On Thursday, November 2nd, Patrick Cs Lo sold 19,799 shares of NetGear stock. The stock was sold at an average price of $45.35, for a total transaction of $897,884.65.

Shares of NetGear, Inc. (NASDAQ NTGR) traded up $1.55 on Wednesday, hitting $60.30. 603,200 shares of the stock were exchanged, compared to its average volume of 511,650. The firm has a market capitalization of $1,848.86, a price-to-earnings ratio of 27.41 and a beta of 1.53. NetGear, Inc. has a 1-year low of $41.50 and a 1-year high of $61.35.

NetGear (NASDAQ:NTGR) last posted its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.13. The business had revenue of $355.48 million for the quarter, compared to analysts’ expectations of $349.36 million. NetGear had a net margin of 5.33% and a return on equity of 10.57%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. research analysts predict that NetGear, Inc. will post 2.24 EPS for the current year.

A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of NetGear from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. BidaskClub lowered shares of NetGear from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 27th. Raymond James Financial raised shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research report on Monday, December 18th. Finally, BWS Financial raised shares of NetGear from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $62.60.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in NetGear by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,764,602 shares of the communications equipment provider’s stock valued at $119,155,000 after acquiring an additional 66,287 shares during the period. Bank of New York Mellon Corp increased its stake in NetGear by 11.4% in the third quarter. Bank of New York Mellon Corp now owns 1,917,611 shares of the communications equipment provider’s stock valued at $91,278,000 after acquiring an additional 196,863 shares during the period. Alliancebernstein L.P. increased its stake in NetGear by 28.2% in the second quarter. Alliancebernstein L.P. now owns 1,417,760 shares of the communications equipment provider’s stock valued at $61,105,000 after acquiring an additional 311,735 shares during the period. LSV Asset Management increased its stake in NetGear by 3.7% in the second quarter. LSV Asset Management now owns 1,066,653 shares of the communications equipment provider’s stock valued at $45,972,000 after acquiring an additional 38,000 shares during the period. Finally, State Street Corp increased its stake in NetGear by 1.8% in the second quarter. State Street Corp now owns 842,782 shares of the communications equipment provider’s stock valued at $36,319,000 after acquiring an additional 14,817 shares during the period. 97.52% of the stock is currently owned by institutional investors and hedge funds.

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NetGear Company Profile

NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.

Insider Buying and Selling by Quarter for NetGear (NASDAQ:NTGR)

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