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

Shares of Logitech International S.A. (NASDAQ:LOGI) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $91.00.

Several equities research analysts have commented on LOGI shares. Barclays boosted their target price on Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Berenberg Bank initiated coverage on shares of Logitech International in a research note on Thursday, March 14th. They issued a “buy” rating and a $111.00 price target on the stock. Wedbush restated a “neutral” rating and set a $92.00 price objective on shares of Logitech International in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Logitech International in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. downgraded Logitech International from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $92.00 to $85.00 in a research note on Wednesday, May 1st.

Logitech International Stock Up 0.4 %

Shares of NASDAQ:LOGI opened at $82.09 on Wednesday. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.66 and a beta of 0.78. Logitech International has a 12 month low of $53.91 and a 12 month high of $96.66. The company’s fifty day simple moving average is $86.37 and its 200 day simple moving average is $86.74.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, April 29th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.34. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $956.85 million. Logitech International had a return on equity of 27.68% and a net margin of 14.24%. Research analysts expect that Logitech International will post 3.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Logitech International

In related news, COO Prakash Arunkundrum sold 23,023 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the transaction, the chief operating officer now directly owns 61,056 shares of the company’s stock, valued at approximately $5,495,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Samantha Harnett sold 650 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $84.17, for a total value of $54,710.50. Following the transaction, the insider now owns 11,910 shares of the company’s stock, valued at $1,002,464.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Prakash Arunkundrum sold 23,023 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the transaction, the chief operating officer now owns 61,056 shares in the company, valued at approximately $5,495,040. The disclosure for this sale can be found here. Insiders have sold 24,572 shares of company stock worth $2,207,555 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Claro Advisors LLC grew its stake in shares of Logitech International by 6.2% in the first quarter. Claro Advisors LLC now owns 2,241 shares of the technology company’s stock valued at $200,000 after acquiring an additional 131 shares in the last quarter. CWM LLC grew its position in shares of Logitech International by 16.9% during the 3rd quarter. CWM LLC now owns 1,127 shares of the technology company’s stock worth $78,000 after purchasing an additional 163 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Logitech International by 65.6% during the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock worth $40,000 after purchasing an additional 168 shares during the period. Naples Global Advisors LLC raised its position in shares of Logitech International by 2.2% in the first quarter. Naples Global Advisors LLC now owns 13,256 shares of the technology company’s stock valued at $1,185,000 after buying an additional 291 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of Logitech International by 4.7% in the fourth quarter. First Citizens Bank & Trust Co. now owns 6,594 shares of the technology company’s stock valued at $627,000 after buying an additional 297 shares during the period. Institutional investors own 45.76% of the company’s stock.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.