Inspire Investing LLC Cuts Holdings in NETGEAR, Inc. $NTGR

Inspire Investing LLC reduced its position in NETGEAR, Inc. (NASDAQ:NTGR) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,413 shares of the communications equipment provider’s stock after selling 555 shares during the quarter. Inspire Investing LLC’s holdings in NETGEAR were worth $913,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. CWM LLC raised its position in shares of NETGEAR by 35.4% in the 1st quarter. CWM LLC now owns 2,916 shares of the communications equipment provider’s stock worth $71,000 after buying an additional 763 shares during the period. Headlands Technologies LLC raised its position in NETGEAR by 19.6% in the first 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 during the period. Skandinaviska Enskilda Banken AB publ purchased a new position in NETGEAR in the first quarter valued at about $154,000. Parallax Volatility Advisers L.P. purchased a new position in NETGEAR in the first quarter valued at about $206,000. Finally, US Bancorp DE raised its position in NETGEAR by 142.6% in the first quarter. US Bancorp DE now owns 8,800 shares of the communications equipment provider’s stock valued at $215,000 after purchasing an additional 5,172 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NTGR shares. Seaport Res Ptn raised NETGEAR to a “strong-buy” rating in a research report on Wednesday, October 1st. Stifel Nicolaus started coverage on NETGEAR in a research report on Friday, August 22nd. They issued a “buy” rating and a $35.00 price objective on the stock. UBS Group set a $35.00 price objective on NETGEAR in a research report on Thursday, August 21st. Weiss Ratings reissued a “hold (c)” rating on shares of NETGEAR in a research report on Wednesday. Finally, Wall Street Zen lowered NETGEAR from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $33.00.

Insider Activity

In related news, Director Shravan Goli sold 2,047 shares of NETGEAR stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $29.95, for a total value of $61,307.65. Following the completion of the transaction, the director directly owned 29,238 shares in the company, valued at approximately $875,678.10. This trade represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.30% of the company’s stock.

NETGEAR Stock Performance

Shares of NASDAQ NTGR opened at $35.18 on Friday. NETGEAR, Inc. has a 1 year low of $18.75 and a 1 year high of $36.86. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 16.29 and a beta of 1.09. The stock’s 50-day simple moving average is $28.22 and its 200-day simple moving average is $27.32.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share (EPS) 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 business had revenue of $170.53 million for the quarter, compared to analyst estimates of $162.06 million. During the same period in the previous year, the company earned ($0.74) earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. NETGEAR has set its Q3 2025 guidance at EPS. As a group, research analysts predict that NETGEAR, Inc. will post -1.84 EPS for the current year.

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.