Logitech International (NASDAQ:LOGI) Price Target Raised to $100.00 at JPMorgan Chase & Co.

Logitech International (NASDAQ:LOGI) had its price objective raised by JPMorgan Chase & Co. from $99.00 to $100.00 in a report published on Wednesday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other analysts have also recently weighed in on the company. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd. Barclays upped their target price on Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America lowered shares of Logitech International from a “buy” rating to a “neutral” rating and dropped their price target for the company from $114.00 to $92.00 in a research report on Monday, December 16th. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Finally, Loop Capital dropped their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $97.13.

Logitech International Stock Performance

NASDAQ:LOGI opened at $96.85 on Wednesday. The company has a market capitalization of $15.32 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.74 and a beta of 0.77. The stock’s 50 day moving average price is $84.79 and its 200 day moving average price is $85.70. Logitech International has a 52 week low of $74.72 and a 52 week high of $102.59.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 15.65% and a return on equity of 30.68%. As a group, sell-side analysts forecast that Logitech International will post 4.12 earnings per share for the current fiscal year.

Institutional Trading of Logitech International

Several hedge funds and other institutional investors have recently bought and sold shares of LOGI. Exane Asset Management acquired a new position in shares of Logitech International during the fourth quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB increased its stake in Logitech International by 56.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after acquiring an additional 233 shares during the period. Transamerica Financial Advisors Inc. lifted its position in shares of Logitech International by 115,300.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,153 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Logitech International during the 3rd quarter worth approximately $105,000. Finally, CWM LLC increased its position in shares of Logitech International by 21.3% during the third quarter. CWM LLC now owns 2,062 shares of the technology company’s stock valued at $185,000 after purchasing an additional 362 shares during the period. 45.76% of the stock is currently owned by institutional investors and hedge funds.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.