Andrew Wonki Kim Sells 5,723 Shares of NETGEAR, Inc. (NASDAQ:NTGR) Stock

NETGEAR, Inc. (NASDAQ:NTGR) insider Andrew Wonki Kim sold 5,723 shares of NETGEAR stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $14.54, for a total value of $83,212.42. Following the completion of the transaction, the insider now owns 76,656 shares of the company’s stock, valued at approximately $1,114,578.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $14.50, for a total transaction of $85,390.50.

NETGEAR Stock Performance

NETGEAR stock opened at $13.96 on Thursday. The company has a 50 day moving average price of $14.82 and a 200-day moving average price of $13.87. NETGEAR, Inc. has a fifty-two week low of $10.40 and a fifty-two week high of $18.44. The company has a market capitalization of $414.07 million, a PE ratio of -3.93 and a beta of 0.84.

NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. The company had revenue of $188.67 million during the quarter, compared to the consensus estimate of $185.14 million. NETGEAR had a negative net margin of 14.14% and a negative return on equity of 2.96%. NETGEAR’s revenue for the quarter was down 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. On average, analysts forecast that NETGEAR, Inc. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On NETGEAR

A number of large investors have recently bought and sold shares of NTGR. Brandes Investment Partners LP raised its stake in NETGEAR by 38.7% in the third quarter. Brandes Investment Partners LP now owns 3,465,808 shares of the communications equipment provider’s stock worth $43,635,000 after buying an additional 967,537 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in NETGEAR by 46.2% in the second quarter. JPMorgan Chase & Co. now owns 656,756 shares of the communications equipment provider’s stock worth $9,300,000 after purchasing an additional 207,551 shares during the last quarter. Vanguard Group Inc. grew its holdings in NETGEAR by 9.2% in the fourth quarter. Vanguard Group Inc. now owns 2,407,791 shares of the communications equipment provider’s stock worth $35,106,000 after purchasing an additional 203,766 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in NETGEAR by 66.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 440,030 shares of the communications equipment provider’s stock worth $5,540,000 after purchasing an additional 175,288 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in NETGEAR by 3.0% in the first quarter. BlackRock Inc. now owns 5,588,137 shares of the communications equipment provider’s stock worth $137,917,000 after purchasing an additional 165,385 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a “buy” rating and set a $30.00 price target on shares of NETGEAR in a research note on Wednesday, April 10th.

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.