Analysts Set NETGEAR, Inc. (NTGR) Price Target at $62.56

Shares of NETGEAR, Inc. (NASDAQ:NTGR) have been given a consensus rating of “Buy” by the eight ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $62.13.

A number of equities analysts have recently weighed in on the stock. BWS Financial raised shares of NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday. Global Equities Research reaffirmed a “buy” rating and set a $85.00 price target on shares of NETGEAR in a research report on Tuesday, June 13th. Finally, Zacks Investment Research downgraded shares of NETGEAR from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

In other news, SVP Michael F. Falcon sold 14,912 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $49.94, for a total transaction of $744,705.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Patrick Cs Lo sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $45.00, for a total transaction of $180,000.00. Following the transaction, the chairman now owns 183,125 shares of the company’s stock, valued at approximately $8,240,625. The disclosure for this sale can be found here. Insiders sold a total of 84,722 shares of company stock valued at $4,055,927 in the last quarter. 6.20% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in NTGR. BlackRock Inc. boosted its holdings in shares of NETGEAR by 38,710.4% in the first quarter. BlackRock Inc. now owns 4,184,534 shares of the communications equipment provider’s stock worth $207,344,000 after buying an additional 4,173,752 shares during the period. Royce & Associates LP lifted its position in shares of NETGEAR by 43,220.6% in the second quarter. Royce & Associates LP now owns 779,771 shares of the communications equipment provider’s stock worth $33,608,000 after purchasing an additional 777,971 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of NETGEAR by 33.3% in the second quarter. Bank of New York Mellon Corp now owns 1,720,748 shares of the communications equipment provider’s stock worth $74,165,000 after purchasing an additional 429,429 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of NETGEAR by 28.2% in the second quarter. Alliancebernstein L.P. now owns 1,417,760 shares of the communications equipment provider’s stock worth $61,105,000 after purchasing an additional 311,735 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of NETGEAR in the second quarter worth approximately $12,722,000. Institutional investors own 98.89% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/analysts-set-netgear-inc-ntgr-price-target-at-62-56.html.

Shares of NETGEAR (NASDAQ NTGR) traded up 1.45% on Friday, hitting $52.35. 333,163 shares of the company’s stock were exchanged. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 24.02 and a beta of 1.53. NETGEAR has a 12-month low of $41.50 and a 12-month high of $59.92. The company’s 50-day moving average price is $47.86 and its 200 day moving average price is $46.42.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The company had revenue of $330.72 million during the quarter, compared to analysts’ expectations of $324.64 million. NETGEAR had a net margin of 5.42% and a return on equity of 10.67%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 earnings per share. On average, equities analysts predict that NETGEAR will post $2.74 earnings per share for the current fiscal year.

NETGEAR Company Profile

NETGEAR, Inc designs, develops and markets networking solutions and smart connected pro

A number of equities analysts have recently weighed in on the stock. BWS Financial raised shares of NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday. Global Equities Research reaffirmed a “buy” rating and set a $85.00 price target on shares of NETGEAR in a research report on Tuesday, June 13th. Finally, Zacks Investment Research downgraded shares of NETGEAR from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

In other news, SVP Michael F. Falcon sold 14,912 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $49.94, for a total transaction of $744,705.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Patrick Cs Lo sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $45.00, for a total transaction of $180,000.00. Following the transaction, the chairman now owns 183,125 shares of the company’s stock, valued at approximately $8,240,625. The disclosure for this sale can be found here. Insiders sold a total of 84,722 shares of company stock valued at $4,055,927 in the last quarter. 6.20% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in NTGR. BlackRock Inc. boosted its holdings in shares of NETGEAR by 38,710.4% in the first quarter. BlackRock Inc. now owns 4,184,534 shares of the communications equipment provider’s stock worth $207,344,000 after buying an additional 4,173,752 shares during the period. Royce & Associates LP lifted its position in shares of NETGEAR by 43,220.6% in the second quarter. Royce & Associates LP now owns 779,771 shares of the communications equipment provider’s stock worth $33,608,000 after purchasing an additional 777,971 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of NETGEAR by 33.3% in the second quarter. Bank of New York Mellon Corp now owns 1,720,748 shares of the communications equipment provider’s stock worth $74,165,000 after purchasing an additional 429,429 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of NETGEAR by 28.2% in the second quarter. Alliancebernstein L.P. now owns 1,417,760 shares of the communications equipment provider’s stock worth $61,105,000 after purchasing an additional 311,735 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of NETGEAR in the second quarter worth approximately $12,722,000. Institutional investors own 98.89% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/analysts-set-netgear-inc-ntgr-price-target-at-62-56.html.

Shares of NETGEAR (NASDAQ NTGR) traded up 1.45% on Friday, hitting $52.35. 333,163 shares of the company’s stock were exchanged. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 24.02 and a beta of 1.53. NETGEAR has a 12-month low of $41.50 and a 12-month high of $59.92. The company’s 50-day moving average price is $47.86 and its 200 day moving average price is $46.42.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The company had revenue of $330.72 million during the quarter, compared to analysts’ expectations of $324.64 million. NETGEAR had a net margin of 5.42% and a return on equity of 10.67%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 earnings per share. On average, equities analysts predict that NETGEAR will post $2.74 earnings per share for the current fiscal year.

NETGEAR Company Profile

NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.

Analyst Recommendations for NETGEAR (NASDAQ:NTGR)

Receive News & Ratings for NETGEAR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NETGEAR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply