NETGEAR (NASDAQ:NTGR) Shares Cross Above 200 Day Moving Average – Time to Sell?

NETGEAR, Inc. (NASDAQ:NTGR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.12 and traded as high as $27.19. NETGEAR shares last traded at $26.95, with a volume of 301,161 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised NETGEAR from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

NETGEAR Stock Performance

The company has a market cap of $775.35 million, a price-to-earnings ratio of 41.46 and a beta of 0.83. The company’s 50 day moving average price is $25.29 and its 200 day moving average price is $20.12.

Insiders Place Their Bets

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total value of $60,840.00. Following the transaction, the director now owns 61,135 shares of the company’s stock, valued at approximately $1,859,726.70. The trade was a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in shares of NETGEAR by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 123,410 shares of the communications equipment provider’s stock worth $1,888,000 after acquiring an additional 8,050 shares during the last quarter. Rhumbline Advisers lifted its holdings in NETGEAR by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider’s stock worth $721,000 after buying an additional 1,904 shares in the last quarter. American Century Companies Inc. boosted its position in NETGEAR by 137.3% in the 2nd quarter. American Century Companies Inc. now owns 353,893 shares of the communications equipment provider’s stock valued at $5,415,000 after buying an additional 204,734 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of NETGEAR by 125.0% in the 2nd quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider’s stock valued at $1,957,000 after buying an additional 71,054 shares during the period. Finally, Donald Smith & CO. Inc. raised its position in shares of NETGEAR by 11.9% during the second quarter. Donald Smith & CO. Inc. now owns 329,300 shares of the communications equipment provider’s stock worth $5,038,000 after acquiring an additional 35,100 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.