Logitech International S.A. (NASDAQ:LOGI) Receives $97.13 Consensus Target Price from Analysts

Logitech International S.A. (NASDAQ:LOGI) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $97.13.

LOGI has been the subject of several recent research reports. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and decreased their price target for the company from $114.00 to $92.00 in a research report on Monday, December 16th. Loop Capital decreased their price target on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. StockNews.com upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th.

Logitech International Price Performance

LOGI stock opened at $99.42 on Friday. The company has a 50 day simple moving average of $87.01 and a 200 day simple moving average of $86.07. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 3.00 and a beta of 0.78. Logitech International has a 1 year low of $74.72 and a 1 year high of $102.59.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. On average, equities research analysts anticipate that Logitech International will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the completion of the transaction, the insider now owns 7,348 shares in the company, valued at $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Logitech International

Several large investors have recently modified their holdings of LOGI. Barclays PLC increased its stake in shares of Logitech International by 64.2% in the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after purchasing an additional 1,967,133 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Logitech International by 2,315.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after purchasing an additional 1,385,493 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of Logitech International by 34.2% in the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock worth $402,802,000 after purchasing an additional 1,240,478 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Logitech International in the third quarter worth about $15,891,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Logitech International by 4,876.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after purchasing an additional 164,185 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

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.