Andrew Wonki Kim Sells 518 Shares of NETGEAR, Inc. (NASDAQ:NTGR) Stock

NETGEAR, Inc. (NASDAQ:NTGR) SVP Andrew Wonki Kim sold 518 shares of the business’s stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $40.00, for a total value of $20,720.00. Following the sale, the senior vice president now owns 64,707 shares of the company’s stock, valued at approximately $2,588,280. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Andrew Wonki Kim also recently made the following trade(s):

  • On Friday, May 28th, Andrew Wonki Kim sold 517 shares of NETGEAR stock. The stock was sold at an average price of $39.59, for a total value of $20,468.03.
  • On Wednesday, May 19th, Andrew Wonki Kim sold 781 shares of NETGEAR stock. The stock was sold at an average price of $36.62, for a total value of $28,600.22.
  • On Thursday, April 1st, Andrew Wonki Kim sold 518 shares of NETGEAR stock. The stock was sold at an average price of $41.05, for a total value of $21,263.90.
  • On Friday, March 19th, Andrew Wonki Kim sold 782 shares of NETGEAR stock. The stock was sold at an average price of $43.12, for a total value of $33,719.84.

NASDAQ NTGR opened at $39.93 on Friday. The stock has a market cap of $1.22 billion, a PE ratio of 14.57 and a beta of 0.80. NETGEAR, Inc. has a fifty-two week low of $23.20 and a fifty-two week high of $46.38. The business has a 50 day moving average of $38.66.

NETGEAR (NASDAQ:NTGR) last released its earnings results on Tuesday, April 20th. The communications equipment provider reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.33. The company had revenue of $317.90 million during the quarter, compared to analysts’ expectations of $310.21 million. NETGEAR had a return on equity of 12.82% and a net margin of 6.36%. The business’s revenue was up 38.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. On average, equities analysts predict that NETGEAR, Inc. will post 2.29 EPS for the current fiscal year.

NTGR has been the subject of a number of research reports. Zacks Investment Research cut NETGEAR from a “buy” rating to a “hold” rating and set a $45.00 target price for the company. in a report on Tuesday, April 6th. Raymond James decreased their price target on NETGEAR from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, April 22nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.60.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of NETGEAR by 7.3% during the 1st quarter. BlackRock Inc. now owns 5,227,063 shares of the communications equipment provider’s stock valued at $214,831,000 after buying an additional 356,608 shares during the last quarter. LSV Asset Management boosted its stake in shares of NETGEAR by 514.9% during the 1st quarter. LSV Asset Management now owns 986,892 shares of the communications equipment provider’s stock valued at $40,561,000 after buying an additional 826,392 shares during the last quarter. Brandes Investment Partners LP boosted its stake in shares of NETGEAR by 3.8% during the 4th quarter. Brandes Investment Partners LP now owns 925,974 shares of the communications equipment provider’s stock valued at $37,881,000 after buying an additional 33,525 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of NETGEAR by 7.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 740,245 shares of the communications equipment provider’s stock valued at $30,076,000 after buying an additional 48,736 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of NETGEAR by 1.4% during the 1st quarter. Acadian Asset Management LLC now owns 729,221 shares of the communications equipment provider’s stock valued at $29,968,000 after buying an additional 9,746 shares during the last quarter. Institutional investors own 99.60% of the company’s stock.

NETGEAR Company Profile

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. It operates in two segments, Connected Home, and Small and Medium Business. The company offers smart home/connected home/broadband access products, such as broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, WiFi network adapters, and digital canvasses; and value added service offerings, including technical support, parental controls, and cybersecurity protection.

Further Reading: Insider Trading

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