NETGEAR, Inc. (NASDAQ:NTGR) Shares Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. increased its position in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 39.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 292,192 shares of the communications equipment provider’s stock after acquiring an additional 82,192 shares during the quarter. Donald Smith & CO. Inc.’s holdings in NETGEAR were worth $4,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NTGR. Russell Investments Group Ltd. lifted its position in NETGEAR by 14.0% in the fourth quarter. Russell Investments Group Ltd. now owns 34,876 shares of the communications equipment provider’s stock valued at $508,000 after buying an additional 4,290 shares during the last quarter. Marquette Asset Management LLC acquired a new position in NETGEAR in the fourth quarter valued at about $126,000. Acuitas Investments LLC acquired a new position in NETGEAR in the fourth quarter valued at about $611,000. Cornerstone Investment Partners LLC acquired a new position in NETGEAR in the fourth quarter valued at about $164,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in NETGEAR by 28.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,091 shares of the communications equipment provider’s stock valued at $147,000 after buying an additional 2,249 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

NETGEAR Stock Up 0.1 %

NETGEAR stock traded up $0.01 during mid-day trading on Monday, hitting $14.86. The company had a trading volume of 142,793 shares, compared to its average volume of 208,293. The stock has a market cap of $431.98 million, a price-to-earnings ratio of -4.23 and a beta of 0.84. NETGEAR, Inc. has a 1 year low of $10.40 and a 1 year high of $15.93. The business has a fifty day moving average of $14.90 and a 200 day moving average of $14.02.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.04. The company had revenue of $188.67 million for the quarter, compared to analyst estimates of $185.14 million. NETGEAR had a negative net margin of 14.14% and a negative return on equity of 2.96%. The firm’s revenue was down 24.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.21) earnings per share. Equities analysts anticipate that NETGEAR, Inc. will post -0.16 earnings per share for the current year.

Insider Buying and Selling at NETGEAR

In other news, SVP Vikram Mehta sold 1,844 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $14.48, for a total value of $26,701.12. Following the completion of the sale, the senior vice president now directly owns 25,569 shares of the company’s stock, valued at $370,239.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Vikram Mehta sold 1,844 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $14.48, for a total value of $26,701.12. Following the completion of the sale, the senior vice president now directly owns 25,569 shares of the company’s stock, valued at $370,239.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Wonki Kim sold 5,889 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $14.50, for a total value of $85,390.50. Following the completion of the sale, the insider now directly owns 88,001 shares of the company’s stock, valued at $1,276,014.50. The disclosure for this sale can be found here. Insiders have sold 13,456 shares of company stock worth $195,304 over the last three months. Insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

Separately, BWS Financial reiterated a “buy” rating and set a $30.00 price target on shares of NETGEAR in a research note on Wednesday, April 10th.

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.