NETGEAR, Inc. (NASDAQ:NTGR) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC trimmed its holdings in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 25.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,117 shares of the communications equipment provider's stock after selling 41,295 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.42% of NETGEAR worth $1,868,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NTGR. Headlands Technologies LLC purchased a new stake in shares of NETGEAR in the first quarter worth approximately $30,000. Quest Partners LLC purchased a new position in NETGEAR during the 4th quarter worth $53,000. Allspring Global Investments Holdings LLC increased its holdings in NETGEAR by 229.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,940 shares of the communications equipment provider's stock worth $157,000 after purchasing an additional 6,921 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in NETGEAR during the 1st quarter worth $176,000. Finally, Aigen Investment Management LP increased its holdings in NETGEAR by 57.9% during the 4th quarter. Aigen Investment Management LP now owns 18,467 shares of the communications equipment provider's stock worth $269,000 after purchasing an additional 6,772 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

NETGEAR Trading Down 2.1 %

Shares of NASDAQ:NTGR traded down $0.43 on Friday, reaching $20.27. The company had a trading volume of 661,067 shares, compared to its average volume of 255,039. NETGEAR, Inc. has a 52-week low of $10.40 and a 52-week high of $22.62. The firm's 50 day simple moving average is $16.42 and its 200-day simple moving average is $15.03. The firm has a market capitalization of $589.86 million, a PE ratio of -5.26 and a beta of 0.82.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded NETGEAR from a "buy" rating to a "hold" rating in a report on Tuesday, September 17th.

Insider Activity

In other news, Director Thomas H. Waechter sold 2,500 shares of the firm'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 completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.00% of the company's stock.

NETGEAR 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.