Donald Smith & CO. Inc. Grows Holdings in NETGEAR, Inc. (NASDAQ:NTGR)

Donald Smith & CO. Inc. raised its holdings in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 11.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 329,300 shares of the communications equipment provider's stock after acquiring an additional 35,100 shares during the quarter. Donald Smith & CO. Inc. owned approximately 1.13% of NETGEAR worth $5,038,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NTGR. 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 buying an additional 261,705 shares during the last quarter. American Century Companies Inc. raised its position in shares of NETGEAR by 137.3% in the 2nd quarter. American Century Companies Inc. now owns 353,893 shares of the communications equipment provider's stock worth $5,415,000 after acquiring an additional 204,734 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of NETGEAR in the 4th quarter valued at about $1,713,000. Vanguard Group Inc. boosted its position in shares of NETGEAR by 4.4% during the 1st 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 in the last quarter. Finally, Federated Hermes Inc. grew its stake in NETGEAR by 125.0% during the second quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider's stock worth $1,957,000 after purchasing an additional 71,054 shares during the period. 82.97% of the stock is currently owned by institutional investors.

NETGEAR Stock Down 2.6 %

NASDAQ:NTGR traded down $0.58 during trading hours on Monday, reaching $21.36. The company had a trading volume of 382,417 shares, compared to its average volume of 251,057. NETGEAR, Inc. has a twelve month low of $10.40 and a twelve month high of $22.62. The firm has a market cap of $621.58 million, a price-to-earnings ratio of -5.49 and a beta of 0.82. The business's 50-day simple moving average is $15.81 and its two-hundred day simple moving average is $14.82.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its earnings results on Wednesday, July 31st. The communications equipment provider reported ($0.94) EPS for the quarter, meeting the consensus estimate of ($0.94). NETGEAR had a negative return on equity of 7.52% and a negative net margin of 21.62%. The company had revenue of $143.90 million during the quarter, compared to the consensus estimate of $132.69 million. As a group, equities analysts predict that NETGEAR, Inc. will post -2.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised NETGEAR from a "hold" rating to a "buy" rating in a research note on Monday, September 9th.

Insider Activity

In other news, Director Thomas H. Waechter sold 2,500 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $50,000.00. Following the completion of the sale, the director now directly owns 65,318 shares of the company's stock, valued at $1,306,360. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.00% of the company's stock.

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.