NETGEAR, Inc. (NASDAQ:NTGR – Get Free Report) insider Andrew Wonki Kim sold 5,723 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $14.54, for a total transaction of $83,212.42. Following the sale, the insider now owns 76,656 shares in the company, valued at $1,114,578.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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 transaction of $85,390.50.
NETGEAR Stock Down 0.6 %
NETGEAR stock opened at $13.96 on Thursday. The firm has a market cap of $414.07 million, a PE ratio of -3.93 and a beta of 0.84. NETGEAR, Inc. has a 52-week low of $10.40 and a 52-week high of $18.44. The company’s 50 day moving average is $14.82 and its two-hundred day moving average is $13.87.
Institutional Investors Weigh In On NETGEAR
A number of hedge funds and other institutional investors have recently modified their holdings of NTGR. Osaic Holdings Inc. raised its holdings in shares of NETGEAR by 512.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,973 shares of the communications equipment provider’s stock valued at $28,000 after purchasing an additional 1,651 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of NETGEAR by 138.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,388 shares of the communications equipment provider’s stock valued at $34,000 after purchasing an additional 1,386 shares in the last quarter. Quarry LP acquired a new stake in shares of NETGEAR in the 2nd quarter valued at $39,000. US Bancorp DE raised its holdings in shares of NETGEAR by 53.8% in the 2nd quarter. US Bancorp DE now owns 2,926 shares of the communications equipment provider’s stock valued at $41,000 after purchasing an additional 1,024 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of NETGEAR by 81.7% in the 2nd quarter. Royal Bank of Canada now owns 3,084 shares of the communications equipment provider’s stock valued at $43,000 after purchasing an additional 1,387 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, BWS Financial reiterated a “buy” rating and set a $30.00 target price on shares of NETGEAR in a report on Wednesday, April 10th.
View Our Latest Stock Analysis on NETGEAR
NETGEAR Company Profile
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.
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