NETGEAR (NASDAQ:NTGR) Hits New 1-Year High at $19.06

NETGEAR, Inc. (NASDAQ:NTGR)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $19.06 and last traded at $19.06, with a volume of 69658 shares changing hands. The stock had previously closed at $15.93.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of NETGEAR from a “hold” rating to a “buy” rating in a report on Monday.

NETGEAR Trading Up 28.5 %

The business’s fifty day simple moving average is $15.54 and its 200-day simple moving average is $14.73. The firm has a market cap of $595.68 million, a P/E ratio of -5.55 and a beta of 0.82.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of NETGEAR in the first quarter worth $30,000. Quest Partners LLC purchased a new stake in NETGEAR during the fourth quarter valued at about $53,000. Allspring Global Investments Holdings LLC boosted its position in NETGEAR by 229.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,940 shares of the communications equipment provider’s stock valued at $157,000 after buying an additional 6,921 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in NETGEAR during the first quarter valued at about $176,000. Finally, Aigen Investment Management LP boosted its holdings in shares of NETGEAR by 57.9% during the fourth quarter. Aigen Investment Management LP now owns 18,467 shares of the communications equipment provider’s stock worth $269,000 after purchasing an additional 6,772 shares during the period. Institutional investors own 82.97% of the company’s stock.

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.