NETGEAR, Inc. $NTGR Stock Position Decreased by Atria Investments Inc

Atria Investments Inc trimmed its position in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 29.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,433 shares of the communications equipment provider’s stock after selling 7,879 shares during the quarter. Atria Investments Inc owned approximately 0.06% of NETGEAR worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Informed Momentum Co LLC boosted its holdings in NETGEAR by 129.9% in the first quarter. Informed Momentum Co LLC now owns 95,100 shares of the communications equipment provider’s stock worth $2,326,000 after purchasing an additional 53,739 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of NETGEAR by 13.5% during the 1st quarter. American Century Companies Inc. now owns 874,339 shares of the communications equipment provider’s stock worth $21,386,000 after acquiring an additional 103,875 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of NETGEAR by 138.8% during the 1st quarter. Russell Investments Group Ltd. now owns 69,333 shares of the communications equipment provider’s stock valued at $1,707,000 after acquiring an additional 40,294 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of NETGEAR by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 2,515,636 shares of the communications equipment provider’s stock valued at $61,532,000 after acquiring an additional 23,488 shares during the last quarter. Finally, Sierra Summit Advisors LLC bought a new position in shares of NETGEAR in the 1st quarter valued at approximately $633,000. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In other NETGEAR news, Director Shravan Goli sold 2,047 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $29.95, for a total value of $61,307.65. Following the completion of the sale, the director owned 29,238 shares in the company, valued at approximately $875,678.10. This trade represents a 6.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradley Maiorino sold 13,063 shares of the business’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $35.26, for a total value of $460,601.38. Following the sale, the director owned 56,356 shares in the company, valued at approximately $1,987,112.56. This represents a 18.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 28,072 shares of company stock worth $870,168. 2.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NTGR shares. Zacks Research cut NETGEAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NETGEAR in a report on Wednesday, October 8th. Stifel Nicolaus lifted their target price on shares of NETGEAR from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Wall Street Zen lowered shares of NETGEAR from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Seaport Res Ptn raised NETGEAR to a “strong-buy” rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, NETGEAR currently has a consensus rating of “Moderate Buy” and an average target price of $37.33.

NETGEAR Price Performance

Shares of NETGEAR stock opened at $29.31 on Monday. The company has a market cap of $832.49 million, a PE ratio of -32.21 and a beta of 1.11. The firm has a fifty day moving average price of $31.04 and a two-hundred day moving average price of $28.80. NETGEAR, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $36.86.

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

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.