NETGEAR (NASDAQ:NTGR) Stock Passes Above Two Hundred Day Moving Average of $14.30

Shares of NETGEAR, Inc. (NASDAQ:NTGR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.30 and traded as high as $14.81. NETGEAR shares last traded at $14.73, with a volume of 190,898 shares trading hands.

Analysts Set New Price Targets

Separately, BWS Financial restated a “neutral” rating and set a $13.00 price objective on shares of NETGEAR in a research report on Thursday, May 2nd.

NETGEAR Price Performance

The company’s 50-day moving average price is $13.68 and its two-hundred day moving average price is $14.30. The company has a market capitalization of $428.64 million, a price-to-earnings ratio of -3.83 and a beta of 0.78.

NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings results on Wednesday, May 1st. The communications equipment provider reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.04). NETGEAR had a negative return on equity of 3.73% and a negative net margin of 15.69%. The business had revenue of $164.59 million for the quarter, compared to analyst estimates of $163.86 million. On average, equities research analysts expect that NETGEAR, Inc. will post -2.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andrew Wonki Kim sold 5,723 shares of NETGEAR stock in a transaction on Monday, April 15th. The shares were sold at an average price of $14.54, for a total value of $83,212.42. Following the completion of the sale, the insider now owns 76,656 shares in the company, valued at approximately $1,114,578.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Sarah Butterfass sold 5,626 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $13.36, for a total transaction of $75,163.36. Following the transaction, the director now directly owns 40,744 shares of the company’s stock, valued at approximately $544,339.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Andrew Wonki Kim sold 5,723 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $14.54, for a total value of $83,212.42. Following the completion of the sale, the insider now directly owns 76,656 shares of the company’s stock, valued at approximately $1,114,578.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,967 shares of company stock worth $391,240. 7.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NETGEAR

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in NETGEAR by 72.4% during the 1st quarter. Acadian Asset Management LLC now owns 622,936 shares of the communications equipment provider’s stock valued at $9,820,000 after purchasing an additional 261,705 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of NETGEAR by 66.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 440,030 shares of the communications equipment provider’s stock valued at $5,540,000 after buying an additional 175,288 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of NETGEAR during the fourth quarter worth about $1,713,000. Kennedy Capital Management LLC acquired a new stake in shares of NETGEAR in the 3rd quarter worth about $1,449,000. Finally, Walleye Capital LLC lifted its position in NETGEAR by 279.2% in the 3rd quarter. Walleye Capital LLC now owns 151,718 shares of the communications equipment provider’s stock valued at $1,910,000 after acquiring an additional 111,713 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

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.