NETGEAR (NASDAQ:NTGR) Hits New 52-Week High - Still a Buy?

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $26.50 and last traded at $26.50, with a volume of 3008 shares. The stock had previously closed at $25.23.

Analyst Upgrades and Downgrades

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

NETGEAR Stock Up 0.6 %

The stock's 50 day moving average price is $22.86 and its two-hundred day moving average price is $18.40. The firm has a market capitalization of $730.18 million, a price-to-earnings ratio of 39.05 and a beta of 0.86.

Institutional Investors Weigh In On NETGEAR

Institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. lifted its holdings in NETGEAR by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 42,673 shares of the communications equipment provider's stock worth $883,000 after purchasing an additional 2,166 shares during the last quarter. Barclays PLC raised its position in shares of NETGEAR by 10.5% in the third quarter. Barclays PLC now owns 43,385 shares of the communications equipment provider's stock valued at $870,000 after purchasing an additional 4,125 shares during the period. XTX Topco Ltd acquired a new stake in shares of NETGEAR in the third quarter worth $540,000. Tenzing Global Management LLC acquired a new stake in shares of NETGEAR in the third quarter worth $3,510,000. Finally, Quarry LP boosted its holdings in shares of NETGEAR by 66.5% during the 3rd quarter. Quarry LP now owns 1,856 shares of the communications equipment provider's stock worth $37,000 after buying an additional 741 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

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.