NETGEAR Sees Surge in Options Trading Activity

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) experienced a significant increase in options trading on Wednesday. Traders purchased 2,262 call options, marking a 210% rise compared to the average volume of 729 call options.

Institutional Investors' Activity in NETGEAR

• NETGEAR's Resurgence Indicates Strong Potential

Several hedge funds and institutional investors have recently made adjustments to their positions in NETGEAR. Quarry LP raised its stake in NETGEAR by 66.5% during the third quarter, acquiring a total of 1,856 shares worth $37,000 after buying an additional 741 shares last quarter. Rhumbline Advisers increased its holdings by 4.2% in the second quarter, holding now 47,101 shares valued at $721,000 after purchasing 1,904 additional shares. Franklin Resources Inc. grew its stake by 5.3% in the third quarter and now holds 42,673 shares worth $883,000, following the acquisition of 2,166 shares. Barclays PLC also increased its position by 10.5% in the third quarter, now owning 43,385 shares valued at $870,000 after an additional purchase of 4,125 shares. Lastly, Meeder Asset Management Inc. entered into a new position during the third quarter, valued at approximately $91,000. Currently, 82.97% of NETGEAR's stock is held by institutional investors and hedge funds.

Performance of NETGEAR Shares

During trading on Wednesday, NETGEAR's stock rose by $4.00 to reach $29.68, with a total of 278,249 shares traded, surpassing the average volume of 269,608 shares. The company holds a market capitalization of $853.89 million, with a price-to-earnings ratio of 46.11 and a beta of 0.86. NETGEAR's 50-day moving average stands at $23.22, while its 200-day moving average is $18.72. Over the past year, the company's stock has seen a low of $10.48 and a high of $31.55.

Wall Street's Predictions for NETGEAR

In a recent update, StockNews.com upgraded NETGEAR's rating from a "hold" to a "buy" as of November 1st.

Explore Our Detailed NETGEAR Analysis

About NETGEAR, Inc.

NETGEAR, Inc. specializes in providing connectivity solutions across the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company divides its operations into two main segments: Connected Home and NETGEAR for Business. The Connected Home segment offers products such as Wi-Fi routers, home Wi-Fi mesh systems, broadband modems, Wi-Fi gateways, powerline adapters, and various other Wi-Fi devices, along with additional services like security, technical support, and parental controls.

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This news was generated using advanced technology and financial data to ensure timely and accurate reporting. Any inquiries regarding this report can be directed to the editorial department.

Considering $1,000 Investment in NETGEAR?

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Top-performing analysts at MarketBeat track recommendations for stocks, including those on NETGEAR. Currently, NETGEAR is rated as a "Hold"; however, analysts have pointed to five alternative stocks they believe offer better investment opportunities at this time.

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NETGEAR, Options, Trading