Cornerstone Investment Partners LLC Invests $227,000 in NETGEAR, Inc. $NTGR

Cornerstone Investment Partners LLC acquired a new stake in NETGEAR, Inc. (NASDAQ:NTGR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,811 shares of the communications equipment provider’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in NETGEAR by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,515,636 shares of the communications equipment provider’s stock valued at $61,532,000 after purchasing an additional 23,488 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of NETGEAR by 16.5% during the 1st quarter. Acadian Asset Management LLC now owns 1,075,982 shares of the communications equipment provider’s stock worth $26,303,000 after purchasing an additional 152,183 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of NETGEAR by 13.5% in the 1st quarter. American Century Companies Inc. now owns 874,339 shares of the communications equipment provider’s stock valued at $21,386,000 after buying an additional 103,875 shares during the last quarter. Tenzing Global Management LLC grew its stake in shares of NETGEAR by 100.0% in the first quarter. Tenzing Global Management LLC now owns 575,000 shares of the communications equipment provider’s stock valued at $14,064,000 after buying an additional 287,500 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in NETGEAR by 9.9% during the first quarter. Bridgeway Capital Management LLC now owns 446,169 shares of the communications equipment provider’s stock worth $10,913,000 after buying an additional 40,050 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

NETGEAR Stock Down 0.4%

Shares of NTGR stock opened at $29.18 on Friday. NETGEAR, Inc. has a 12-month low of $18.75 and a 12-month high of $36.86. The company has a market capitalization of $828.80 million, a PE ratio of -32.07 and a beta of 1.11. The firm has a 50 day moving average price of $30.99 and a two-hundred day moving average price of $28.65.

NETGEAR (NASDAQ:NTGR) last posted its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.21. The company had revenue of $184.56 million for the quarter, compared to the consensus estimate of $172.47 million. NETGEAR had a negative return on equity of 3.76% and a negative net margin of 3.73%.The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. NETGEAR has set its Q4 2025 guidance at EPS. As a group, research analysts expect that NETGEAR, Inc. will post -1.84 EPS for the current year.

Analyst Ratings Changes

NTGR has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of NETGEAR from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, October 17th. UBS Group set a $35.00 target price on shares of NETGEAR in a research note on Thursday, August 21st. Seaport Res Ptn raised NETGEAR to a “strong-buy” rating in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETGEAR in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded NETGEAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, NETGEAR has an average rating of “Moderate Buy” and an average price target of $37.33.

Insider Activity

In other NETGEAR news, VP Graeme Mclindin sold 1,205 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $34.26, for a total value of $41,283.30. Following the completion of the sale, the vice president owned 30,808 shares of the company’s stock, valued at $1,055,482.08. The trade was a 3.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Shravan Goli sold 2,047 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $29.95, for a total transaction of $61,307.65. Following the transaction, the director owned 29,238 shares in the company, valued at approximately $875,678.10. The trade was a 6.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 28,072 shares of company stock valued at $870,168. 2.30% of the stock is owned by company insiders.

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.