NETGEAR, Inc. (NASDAQ:NTGR – Get Free Report)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $24.50 and last traded at $24.26, with a volume of 238395 shares changing hands. The stock had previously closed at $23.43.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded NETGEAR from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.
Check Out Our Latest Report on NTGR
NETGEAR Stock Performance
Insider Activity at NETGEAR
In related news, Director Thomas H. Waechter sold 2,500 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in NETGEAR by 3.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 37,779 shares of the communications equipment provider’s stock valued at $596,000 after purchasing an additional 1,247 shares during the period. Rhumbline Advisers lifted its position in shares of NETGEAR by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider’s stock worth $721,000 after purchasing an additional 1,904 shares during the last quarter. Headlands Technologies LLC acquired a new stake in NETGEAR in the first quarter valued at $30,000. Donald Smith & CO. Inc. boosted its position in shares of NETGEAR by 0.7% during the 1st quarter. Donald Smith & CO. Inc. now owns 294,200 shares of the communications equipment provider’s stock worth $4,640,000 after acquiring an additional 2,008 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in NETGEAR during the third quarter worth approximately $91,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.
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.
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