Logitech International S.A. (NASDAQ:LOGI) Receives $108.89 Average Target Price from Analysts

Logitech International S.A. (NASDAQ:LOGI) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $104.8889.

Several brokerages have weighed in on LOGI. Barclays restated an “equal weight” rating and set a $98.00 target price (down from $134.00) on shares of Logitech International in a research report on Friday. Morgan Stanley dropped their price objective on Logitech International from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. BNP Paribas cut Logitech International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, BNP Paribas Exane cut Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 price target for the company. in a research report on Thursday, January 8th.

Logitech International Stock Down 1.2%

Shares of LOGI stock opened at $95.48 on Friday. The business’s fifty day moving average price is $108.47 and its 200 day moving average price is $105.82. Logitech International has a 1-year low of $64.73 and a 1-year high of $123.01.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, October 28th. The technology company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.22 by $0.23. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. Logitech International had a net margin of 14.11% and a return on equity of 32.22%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. As a group, equities research analysts anticipate that Logitech International will post 4.21 EPS for the current year.

Insider Activity

In other news, Director Neela Montgomery sold 5,833 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $120.61, for a total value of $703,518.13. Following the sale, the director directly owned 12,781 shares in the company, valued at $1,541,516.41. This represents a 31.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Logitech International

Several hedge funds have recently modified their holdings of LOGI. Virtus Advisers LLC purchased a new stake in Logitech International during the 2nd quarter worth $246,000. Vise Technologies Inc. acquired a new position in shares of Logitech International during the second quarter worth about $329,000. Assetmark Inc. boosted its position in shares of Logitech International by 6.9% in the second quarter. Assetmark Inc. now owns 56,375 shares of the technology company’s stock worth $5,081,000 after buying an additional 3,640 shares during the period. BLI Banque de Luxembourg Investments grew its stake in shares of Logitech International by 19.7% in the second quarter. BLI Banque de Luxembourg Investments now owns 75,525 shares of the technology company’s stock valued at $6,752,000 after buying an additional 12,446 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of Logitech International by 7.6% during the 2nd quarter. Yousif Capital Management LLC now owns 2,821 shares of the technology company’s stock valued at $254,000 after buying an additional 200 shares during the period. 45.76% of the stock is owned by institutional investors and hedge funds.

About Logitech International

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.