NETGEAR (NASDAQ:NTGR) Downgraded by StockNews.com

StockNews.com downgraded shares of NETGEAR (NASDAQ:NTGR - Free Report) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

NETGEAR Stock Down 2.1 %

NTGR stock traded down $0.45 during trading on Tuesday, reaching $20.91. 435,351 shares of the company's stock were exchanged, compared to its average volume of 252,089. NETGEAR has a 1-year low of $10.40 and a 1-year high of $22.62. The firm has a market cap of $608.48 million, a PE ratio of -5.43 and a beta of 0.82. The company's fifty day moving average price is $16.07 and its 200-day moving average price is $14.90.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported ($0.94) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.94). The business had revenue of $143.90 million for the quarter, compared to analysts' expectations of $132.69 million. NETGEAR had a negative net margin of 21.62% and a negative return on equity of 7.52%. As a group, sell-side analysts expect that NETGEAR will post -2.29 earnings per share for the current fiscal year.

Insider Activity at NETGEAR

In other news, Director Thomas H. Waechter sold 2,500 shares of the business's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $50,000.00. Following the sale, the director now owns 65,318 shares of the company's stock, valued at approximately $1,306,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.00% of the company's stock.

Institutional Investors Weigh In On NETGEAR

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its position in shares of NETGEAR by 14.0% in the fourth quarter. Russell Investments Group Ltd. now owns 34,876 shares of the communications equipment provider's stock worth $508,000 after acquiring an additional 4,290 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of NETGEAR by 9.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 723,246 shares of the communications equipment provider's stock valued at $10,545,000 after purchasing an additional 63,786 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of NETGEAR by 40.1% in the fourth quarter. BNP Paribas Financial Markets now owns 75,354 shares of the communications equipment provider's stock worth $1,099,000 after buying an additional 21,587 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of NETGEAR by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,342,061 shares of the communications equipment provider's stock valued at $19,568,000 after buying an additional 26,519 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in NETGEAR during the fourth quarter valued at $968,000. 82.97% of the stock is owned by institutional investors and hedge funds.

About NETGEAR

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.