1 week Ago By Defense World Staff
Corebridge Financial Inc. trimmed its position in shares of NETGEAR, Inc. (NASDAQ:NTGR – Free Report) by 8.
3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,861 shares of the communications equipment provider’s stock after selling 1,248 shares during the quarter. Corebridge Financial Inc.
’s holdings in NETGEAR were worth $386,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also bought and sold shares of NTGR. Quarry LP lifted its holdings in shares of NETGEAR by 66.
5% during the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 741 shares in the last quarter. New York State Teachers Retirement System purchased a new position in shares of NETGEAR in the fourth quarter worth approximately $72,000.
R Squared Ltd bought a new stake in shares of NETGEAR during the 4th quarter valued at $72,000. Picton Mahoney Asset Management bought a new stake in NETGEAR during the fourth quarter valued at about $92,000. Finally, AlphaQuest LLC purchased a new stake in NETGEAR in the 4th quarter worth approximately $185,000.
82.97% of the stock is currently owned by institutional investors. NETGEAR Price PerformanceShares of NTGR opened at $23.
07 on Thursday. The business’s 50 day simple moving average is $25.23 and its 200-day simple moving average is $24.
61. NETGEAR, Inc. has a 1 year low of $10.
48 and a 1 year high of $31.55. The stock has a market capitalization of $666.
01 million, a price-to-earnings ratio of 57.68 and a beta of 1.03.
NETGEAR (NASDAQ:NTGR – Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share for the quarter, hitting the consensus estimate of ($0.
24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.
83%. On average, sell-side analysts expect that NETGEAR, Inc. will post -1.
84 earnings per share for the current year. Analysts Set New Price TargetsA number of equities research analysts have commented on NTGR shares. Raymond James raised their price target on NETGEAR from $22.
00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. StockNews.
com downgraded shares of NETGEAR from a “buy” rating to a “hold” rating in a report on Friday, March 21st.Read Our Latest Stock Analysis on NTGRInsider Activity at NETGEARIn other NETGEAR news, CFO Murray Bryan sold 3,848 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $23.
92, for a total transaction of $92,044.16. Following the transaction, the chief financial officer now directly owns 193,032 shares in the company, valued at $4,617,325.
44. This trade represents a 1.95 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Charles J. Prober sold 10,929 shares of the firm’s stock in a transaction on Thursday, February 20th.
The shares were sold at an average price of $26.64, for a total value of $291,148.56.
Following the transaction, the chief executive officer now owns 507,763 shares in the company, valued at approximately $13,526,806.32. This represents a 2.
11 % decrease in their position. The disclosure for this sale can be found here. 7.
00% of the stock is currently owned by insiders. NETGEAR Company Profile (Free Report)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.Read MoreFive stocks we like better than NETGEARDividend Screener: How to Evaluate Dividend Stocks Before BuyingQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreHow to Evaluate a Stock Before Buying Are Tariffs Threatening Disney’s Comeback Story?How to Calculate Return on Investment (ROI)Is Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding NTGR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for NETGEAR, Inc. (NASDAQ:NTGR – Free Report)..
