Brokerages Set Logitech International S.A. (NASDAQ:LOGI) Target Price at $102.13

Logitech International S.A. (NASDAQ:LOGI) has earned a consensus rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $102.1250.

A number of analysts have recently issued reports on LOGI shares. Wedbush reiterated an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a report on Tuesday, January 20th. Barclays reaffirmed an “equal weight” rating and issued a $98.00 target price (down previously from $134.00) on shares of Logitech International in a research report on Friday, January 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Logitech International in a research report on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective on shares of Logitech International from $104.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, Citigroup lowered their target price on Logitech International from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, January 20th.

Institutional Investors Weigh In On Logitech International

Several large investors have recently made changes to their positions in LOGI. Virtus Advisers LLC acquired a new stake in Logitech International during the second quarter worth approximately $246,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Logitech International by 46.5% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 105,685 shares of the technology company’s stock valued at $11,520,000 after acquiring an additional 33,564 shares in the last quarter. Vise Technologies Inc. bought a new stake in shares of Logitech International during the 2nd quarter valued at $329,000. Assetmark Inc. grew its holdings in shares of Logitech International by 6.9% during the 2nd quarter. Assetmark Inc. now owns 56,375 shares of the technology company’s stock worth $5,081,000 after purchasing an additional 3,640 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments increased its position 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 worth $6,752,000 after purchasing an additional 12,446 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Stock Performance

LOGI opened at $87.02 on Tuesday. Logitech International has a 12 month low of $64.73 and a 12 month high of $123.01. The company has a fifty day simple moving average of $99.47 and a 200 day simple moving average of $105.15.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, January 27th. The technology company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. Logitech International had a net margin of 14.94% and a return on equity of 33.57%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the company posted $1.59 EPS. On average, analysts forecast that Logitech International will post 4.21 EPS for the current fiscal year.

Logitech International Company Profile

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.