Empowered Funds LLC Has $2.85 Million Stock Holdings in NETGEAR, Inc. (NASDAQ:NTGR)

Empowered Funds LLC grew its position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 23.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,976 shares of the communications equipment provider's stock after buying an additional 26,756 shares during the quarter. Empowered Funds LLC owned approximately 0.50% of NETGEAR worth $2,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NTGR. Brandes Investment Partners LP grew its stake in shares of NETGEAR by 6.8% during the second quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider's stock valued at $59,246,000 after purchasing an additional 247,162 shares during the last quarter. American Century Companies Inc. grew its stake in shares of NETGEAR by 137.3% during the second quarter. American Century Companies Inc. now owns 353,893 shares of the communications equipment provider's stock valued at $5,415,000 after purchasing an additional 204,734 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of NETGEAR by 4.4% during the first quarter. Vanguard Group Inc. now owns 2,513,785 shares of the communications equipment provider's stock valued at $39,642,000 after purchasing an additional 105,994 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of NETGEAR during the third quarter valued at approximately $1,805,000. Finally, Federated Hermes Inc. grew its stake in shares of NETGEAR by 125.0% during the second quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider's stock valued at $1,957,000 after purchasing an additional 71,054 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Insider Activity at NETGEAR

In related news, Director Thomas H. Waechter sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $50,000.00. Following the transaction, the director now directly owns 65,318 shares in the company, valued at $1,306,360. This represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of NETGEAR from a "hold" rating to a "buy" rating in a research note on Friday, November 1st.

NETGEAR Stock Down 1.9 %

NASDAQ NTGR traded down $0.45 during trading hours on Wednesday, hitting $23.72. The company's stock had a trading volume of 65,137 shares, compared to its average volume of 266,015. The stock has a fifty day moving average of $21.31 and a 200 day moving average of $17.02. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $25.06. The firm has a market capitalization of $682.42 million, a P/E ratio of 37.18 and a beta of 0.83.

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.