Logitech International (NASDAQ:LOGI) Upgraded at StockNews.com

Logitech International (NASDAQ:LOGI) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other equities research analysts also recently commented on LOGI. Loop Capital lowered their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. lifted their price target on Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Citigroup increased their price objective on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Finally, Bank of America lowered 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 report on Monday, December 16th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $97.13.

Logitech International Stock Performance

LOGI stock traded up $2.01 during trading on Wednesday, hitting $100.57. The stock had a trading volume of 835,214 shares, compared to its average volume of 934,309. Logitech International has a 1-year low of $74.72 and a 1-year high of $102.59. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 3.00 and a beta of 0.78. The company’s 50 day moving average price is $86.61 and its two-hundred day moving average price is $85.97.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data 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%. As a group, sell-side analysts forecast that Logitech International will post 4.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Samantha Harnett sold 300 shares of the company’s stock in a transaction on 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 directly owns 7,348 shares in the company, valued at approximately $709,816.80. This represents a 3.92 % 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 this link. 0.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Logitech International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in Logitech International during the 2nd quarter valued at approximately $235,000. Cetera Investment Advisers grew its position in shares of Logitech International by 14.1% during the second quarter. Cetera Investment Advisers now owns 13,882 shares of the technology company’s stock worth $1,345,000 after buying an additional 1,717 shares in the last quarter. Fulton Bank N.A. increased its stake in shares of Logitech International by 2.8% in the third quarter. Fulton Bank N.A. now owns 7,109 shares of the technology company’s stock worth $638,000 after buying an additional 196 shares during the last quarter. CWM LLC raised its holdings in Logitech International by 21.3% in the third quarter. CWM LLC now owns 2,062 shares of the technology company’s stock valued at $185,000 after acquiring an additional 362 shares in the last quarter. Finally, Capital Insight Partners LLC boosted its stake in Logitech International by 5.7% during the 3rd quarter. Capital Insight Partners LLC now owns 47,836 shares of the technology company’s stock valued at $4,292,000 after acquiring an additional 2,583 shares during the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Company Profile

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.