Values First Advisors Inc. Takes Position in NETGEAR, Inc. (NASDAQ:NTGR)

Values First Advisors Inc. bought a new position in shares of NETGEAR, Inc. (NASDAQ:NTGR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,171 shares of the communications equipment provider’s stock, valued at approximately $144,000.

A number of other hedge funds have also recently added to or reduced their stakes in NTGR. Brandes Investment Partners LP lifted its holdings in shares of NETGEAR by 6.8% during the 2nd quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider’s stock worth $59,246,000 after acquiring an additional 247,162 shares during the period. Vanguard Group Inc. increased its position in NETGEAR by 4.4% during the first quarter. Vanguard Group Inc. now owns 2,513,785 shares of the communications equipment provider’s stock worth $39,642,000 after purchasing an additional 105,994 shares during the last quarter. Acadian Asset Management LLC raised its stake in NETGEAR by 72.4% during the first quarter. Acadian Asset Management LLC now owns 622,936 shares of the communications equipment provider’s stock worth $9,820,000 after purchasing an additional 261,705 shares during the period. American Century Companies Inc. grew its stake in shares of NETGEAR by 137.3% during 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 period. Finally, Donald Smith & CO. Inc. grew its stake in shares of NETGEAR by 11.9% during the 2nd quarter. Donald Smith & CO. Inc. now owns 329,300 shares of the communications equipment provider’s stock valued at $5,038,000 after buying an additional 35,100 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered NETGEAR from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th.

NETGEAR Stock Performance

NASDAQ NTGR opened at $20.22 on Friday. The firm has a market capitalization of $588.40 million, a price-to-earnings ratio of -5.25 and a beta of 0.83. NETGEAR, Inc. has a one year low of $10.48 and a one year high of $22.62. The company’s 50 day moving average price is $18.91 and its 200 day moving average price is $15.94.

NETGEAR (NASDAQ:NTGR) last posted its earnings results on Wednesday, July 31st. The communications equipment provider reported ($0.94) earnings per share for the quarter, meeting the consensus estimate of ($0.94). The business had revenue of $143.90 million for the quarter, compared to analyst estimates of $132.69 million. NETGEAR had a negative net margin of 21.62% and a negative return on equity of 7.52%. Sell-side analysts forecast that NETGEAR, Inc. will post -2.11 EPS for the current fiscal year.

Insider Activity at NETGEAR

In other NETGEAR news, Director Thomas H. Waechter sold 2,500 shares of NETGEAR stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $50,000.00. Following the sale, the director now directly owns 65,318 shares in the company, valued at $1,306,360. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.00% of the stock is currently owned by company insiders.

NETGEAR 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.