Logitech International S.A. (NASDAQ:LOGI) Receives Average Rating of “Hold” from Analysts

Shares of Logitech International S.A. (NASDAQ:LOGI) have earned an average rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $100.14.

Several analysts recently commented on LOGI shares. JPMorgan Chase & Co. upped their price target on shares of Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Citigroup raised their price target on Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Bank of America restated an “underperform” rating and issued a $90.00 price target (down previously from $105.00) on shares of Logitech International in a research report on Friday, February 28th. Finally, Barclays increased their price objective on Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th.

Insider Transactions at Logitech International

In other news, insider Samantha Harnett sold 300 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total transaction of $28,980.00. Following the sale, the insider now owns 7,348 shares of the company’s stock, valued at $709,816.80. The trade was a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Logitech International

Several hedge funds and other institutional investors have recently bought and sold shares of LOGI. Banque Transatlantique SA purchased a new position in Logitech International during the 4th quarter valued at about $26,000. Sierra Ocean LLC acquired a new stake in shares of Logitech International in the fourth quarter valued at approximately $27,000. Bessemer Group Inc. grew its position in shares of Logitech International by 1,339.1% in the fourth quarter. Bessemer Group Inc. now owns 331 shares of the technology company’s stock valued at $27,000 after purchasing an additional 308 shares during the last quarter. Exane Asset Management purchased a new position in shares of Logitech International during the 4th quarter worth approximately $32,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Logitech International by 975.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company’s stock worth $40,000 after purchasing an additional 439 shares during the last quarter. 45.76% of the stock is owned by institutional investors and hedge funds.

Logitech International Price Performance

NASDAQ LOGI opened at $89.97 on Friday. The company has a fifty day moving average of $95.86 and a two-hundred day moving average of $87.97. Logitech International has a 1 year low of $74.72 and a 1 year high of $105.65. The company has a market capitalization of $14.23 billion, a PE ratio of 21.12, a P/E/G ratio of 2.61 and a beta of 0.73.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. On average, research analysts expect that Logitech International will post 4.21 earnings per share for the current year.

Logitech International declared that its board has authorized a share buyback program on Wednesday, March 5th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.