NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $19.06 and last traded at $19.06, with a volume of 69658 shares traded. The stock had previously closed at $15.93.
Analyst Ratings Changes
Separately, StockNews.com upgraded NETGEAR from a "hold" rating to a "buy" rating in a research note on Monday.
Read Our Latest Analysis on NETGEAR
NETGEAR Stock Up 30.8 %
The company has a market capitalization of $606.44 million, a P/E ratio of -5.39 and a beta of 0.82. The company's 50-day simple moving average is $15.54 and its 200 day simple moving average is $14.73.
Institutional Trading of NETGEAR
Institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in shares of NETGEAR in the first quarter valued at approximately $30,000. Quest Partners LLC acquired a new position in shares of NETGEAR during the fourth quarter valued at about $53,000. Allspring Global Investments Holdings LLC lifted its stake in shares of NETGEAR by 229.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,940 shares of the communications equipment provider's stock valued at $157,000 after buying an additional 6,921 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in NETGEAR during the first quarter worth about $176,000. Finally, Aigen Investment Management LP increased its stake in NETGEAR by 57.9% during the fourth quarter. Aigen Investment Management LP now owns 18,467 shares of the communications equipment provider's stock valued at $269,000 after acquiring an additional 6,772 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.
About NETGEAR
(
Get 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.
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