NETGEAR, Inc. (NTGR) SVP Tamesa Rogers Sells 1,500 Shares

NETGEAR, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 1,500 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $51.40, for a total value of $77,100.00. Following the transaction, the senior vice president now owns 23,781 shares of the company’s stock, valued at $1,222,343.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Tamesa Rogers also recently made the following trade(s):

  • On Wednesday, November 8th, Tamesa Rogers sold 1,500 shares of NETGEAR stock. The shares were sold at an average price of $45.40, for a total value of $68,100.00.
  • On Monday, October 9th, Tamesa Rogers sold 1,500 shares of NETGEAR stock. The shares were sold at an average price of $49.80, for a total value of $74,700.00.

Shares of NETGEAR, Inc. (NTGR) traded up $0.80 during trading on Monday, reaching $52.10. The company had a trading volume of 485,900 shares, compared to its average volume of 398,805. NETGEAR, Inc. has a 12 month low of $41.50 and a 12 month high of $59.92. The stock has a market cap of $1,639.58, a PE ratio of 20.92 and a beta of 1.52.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. NETGEAR had a return on equity of 10.57% and a net margin of 5.33%. The company had revenue of $355.48 million during the quarter, compared to analysts’ expectations of $349.36 million. During the same period last year, the business posted $0.76 EPS. NETGEAR’s revenue for the quarter was up 5.0% on a year-over-year basis. equities analysts forecast that NETGEAR, Inc. will post 2.24 EPS for the current fiscal year.

A number of equities analysts recently commented on NTGR shares. BWS Financial upgraded NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, October 9th. Zacks Investment Research cut NETGEAR from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $62.75.

Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. raised its position in NETGEAR by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,206 shares of the communications equipment provider’s stock valued at $138,000 after purchasing an additional 482 shares in the last quarter. Amalgamated Bank acquired a new stake in NETGEAR in the 3rd quarter valued at about $207,000. M&T Bank Corp raised its position in NETGEAR by 31.5% in the 2nd quarter. M&T Bank Corp now owns 5,428 shares of the communications equipment provider’s stock valued at $234,000 after purchasing an additional 1,300 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new stake in NETGEAR in the 3rd quarter valued at about $286,000. Finally, First Mercantile Trust Co. raised its position in NETGEAR by 12.4% in the 2nd quarter. First Mercantile Trust Co. now owns 6,038 shares of the communications equipment provider’s stock valued at $260,000 after purchasing an additional 668 shares in the last quarter. 97.52% of the stock is currently owned by institutional investors.

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About NETGEAR

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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