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

Logitech International S.A. (NASDAQ:LOGI) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $97.13.

LOGI has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Wedbush reiterated a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research report on Wednesday, January 22nd. Citigroup raised their price objective on shares of Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Loop Capital reduced their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th.

Logitech International Stock Down 0.6 %

NASDAQ LOGI opened at $103.38 on Tuesday. The company has a market cap of $16.35 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 2.61 and a beta of 0.78. Logitech International has a 52 week low of $74.72 and a 52 week high of $105.65. The firm’s 50-day simple moving average is $91.58 and its two-hundred day simple moving average is $87.30.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates 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, equities research analysts anticipate that Logitech International will post 4.21 EPS for the current year.

Insiders Place Their Bets

In other Logitech International news, insider Samantha Harnett sold 300 shares of the firm’s stock in a transaction dated 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 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 SEC, which is available at this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Logitech International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in Logitech International by 4,876.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after buying an additional 164,185 shares during the last quarter. SpiderRock Advisors LLC bought a new stake in shares of Logitech International in the 3rd quarter worth approximately $1,431,000. Assetmark Inc. lifted its holdings in shares of Logitech International by 6,766.2% in the 3rd quarter. Assetmark Inc. now owns 49,231 shares of the technology company’s stock worth $4,418,000 after acquiring an additional 48,514 shares during the last quarter. Summit Global Investments purchased a new stake in shares of Logitech International in the 3rd quarter valued at $1,299,000. Finally, Strengthening Families & Communities LLC grew its holdings in shares of Logitech International by 9.2% during the 3rd quarter. Strengthening Families & Communities LLC now owns 4,498 shares of the technology company’s stock valued at $404,000 after purchasing an additional 378 shares during the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

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.