Traders Purchase High Volume of NETGEAR Call Options (NASDAQ:NTGR)

NETGEAR, Inc. (NASDAQ:NTGR) was the recipient of some unusual options trading activity on Wednesday. Investors bought 2,262 call options on the stock. This is an increase of 210% compared to the average daily volume of 729 call options.

Insider Buying and Selling at NETGEAR

In other news, Director Thomas H. Waechter sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total transaction of $60,840.00. Following the completion of the transaction, the director now owns 61,135 shares of the company’s stock, valued at approximately $1,859,726.70. The trade was a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.00% of the company’s stock.

Institutional Trading of NETGEAR

Several hedge funds and other institutional investors have recently bought and sold shares of NTGR. Quarry LP lifted its holdings in shares of NETGEAR by 66.5% in the 3rd quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 741 shares during the last quarter. Rhumbline Advisers lifted its stake in NETGEAR by 4.2% in the second quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider’s stock worth $721,000 after purchasing an additional 1,904 shares during the last quarter. Franklin Resources Inc. boosted its position in NETGEAR by 5.3% during the third quarter. Franklin Resources Inc. now owns 42,673 shares of the communications equipment provider’s stock valued at $883,000 after buying an additional 2,166 shares during the period. Barclays PLC boosted its position in NETGEAR by 10.5% during the third quarter. Barclays PLC now owns 43,385 shares of the communications equipment provider’s stock valued at $870,000 after buying an additional 4,125 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of NETGEAR during the third quarter valued at about $91,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

NETGEAR Trading Down 0.7 %

NTGR opened at $26.71 on Friday. The stock has a market capitalization of $768.45 million, a P/E ratio of 41.09 and a beta of 0.86. NETGEAR has a 12-month low of $10.48 and a 12-month high of $31.55. The stock has a 50-day moving average price of $23.48 and a 200-day moving average price of $18.83.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of NETGEAR from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

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.