Nkcfo LLC Makes $279,000 Investment in NETGEAR, Inc. (NASDAQ:NTGR)

Nkcfo LLC has acquired a new stake in NETGEAR, Inc. (NASDAQ:NTGR) during the fourth quarter of the year, as reported in their latest Form 13F filing with the Securities and Exchange Commission. The investment consisted of 10,000 shares valued at approximately $279,000.

Investment Strategies and Changes

Several other prominent investors have also modified their positions in NETGEAR. Quarry LP increased its stake by 66.5% in the third quarter, now holding 1,856 shares valued at $37,000 after adding an additional 741 shares. Franklin Resources Inc. also expanded its holdings by 5.3% during the same period, bringing its total to 42,673 shares worth $883,000 after buying an extra 2,166 shares. Additionally, the New York State Teachers Retirement System invested approximately $72,000 in a new stake in the fourth quarter, as did R Squared Ltd, which also made a new acquisition in NETGEAR valued at about $72,000. Furthermore, Barclays PLC raised its investment in the company by 10.5% in the third quarter, now owning 43,385 shares valued at $870,000 after acquiring an additional 4,125 shares. Overall, institutional investors hold 82.97% of NETGEAR's shares.

Insider Transactions

In related news, Director Thomas H. Waechter sold 2,000 shares of NETGEAR on December 18th, at an average price of $30.42, totaling $60,840. Following this transaction, he retains ownership of 61,135 shares, valued at $1,859,726.70, which reflects a 3.17% reduction in his stake. This sale was disclosed in a filing with the SEC.

Current Stock Performance

As for the stock's performance, NETGEAR opened at $28.46 on the last trading day. Its 50-day moving average currently stands at $27.39, while the 200-day moving average is at $22.56. NETGEAR has a market capitalization of $818.79 million and a price-to-earnings ratio of 71.15, with a beta value of 0.83. The company's stock has seen fluctuations, recording a 12-month low of $10.48 and a high of $31.55.

Regarding its financial results, NETGEAR reported earnings for the previous quarter on February 5th, indicating an earnings per share of ($0.24), consistent with analysts' expectations. The company recorded a net margin of 1.83% and a negative return on equity of 9.24%. Analysts predict that NETGEAR will report an EPS of -1.84 for the current fiscal year.

Analyst Opinions and Future Outlook

Recent commentary from various brokerage firms shows a positive outlook on NETGEAR. StockNews.com upgraded the company's shares from a "hold" rating to a "buy" rating on November 1st. Raymond James increased its price target for NETGEAR from $22.00 to $29.00 and issued an "outperform" rating on February 6th.

Company Overview

NETGEAR, Inc. specializes in providing connectivity solutions across multiple regions, including the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company operates through two main segments: Connected Home and NETGEAR for Business. The Connected Home segment includes products such as Wi-Fi routers, digital displays, broadband modems, and various accessories that enhance network connectivity.

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