NETGEAR (NASDAQ:NTGR) Stock Rating Upgraded by StockNews.com

NETGEAR (NASDAQ:NTGR) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

NETGEAR Price Performance

Shares of NTGR traded up $0.15 during midday trading on Monday, hitting $15.91. The stock had a trading volume of 164,860 shares, compared to its average volume of 228,287. The company has a 50 day simple moving average of $15.49 and a two-hundred day simple moving average of $14.71. NETGEAR has a twelve month low of $10.40 and a twelve month high of $18.66. The firm has a market cap of $456.30 million, a price-to-earnings ratio of -4.13 and a beta of 0.82.

Institutional Trading of NETGEAR

Several hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of NETGEAR by 3.4% in the 1st 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 grew its holdings in shares of NETGEAR by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider’s stock valued at $721,000 after acquiring an additional 1,904 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of NETGEAR in the 1st quarter valued at about $30,000. Donald Smith & CO. Inc. grew its holdings in shares of NETGEAR by 0.7% in the 1st quarter. Donald Smith & CO. Inc. now owns 294,200 shares of the communications equipment provider’s stock valued at $4,640,000 after acquiring an additional 2,008 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of NETGEAR in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.