Brokerages Set Logitech International S.A. (NASDAQ:LOGI) PT at $100.14

Shares of Logitech International S.A. (NASDAQ:LOGI) have been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $100.14.

Several analysts have recently weighed in on LOGI shares. Barclays boosted their price target on Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Citigroup boosted their target price on shares of 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 reaffirmed an “underperform” rating and set a $90.00 price target (down previously from $105.00) on shares of Logitech International in a research note on Friday, February 28th. Wedbush upgraded shares of Logitech International from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $100.00 to $125.00 in a report on Friday, March 7th. Finally, StockNews.com downgraded Logitech International from a “buy” rating to a “hold” rating in a report on Monday, March 3rd.

Insider Activity at Logitech International

In other news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the completion of the sale, the insider now owns 7,348 shares in the company, valued at $709,816.80. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Logitech International

Large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its position in shares of Logitech International by 4,876.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after purchasing an additional 164,185 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Logitech International by 8.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,211 shares of the technology company’s stock worth $1,455,000 after acquiring an additional 1,206 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Logitech International by 5.7% in the fourth quarter. Bank of New York Mellon Corp now owns 351,097 shares of the technology company’s stock valued at $28,913,000 after acquiring an additional 18,986 shares during the period. US Bancorp DE increased its holdings in shares of Logitech International by 5.6% during the fourth quarter. US Bancorp DE now owns 8,344 shares of the technology company’s stock valued at $687,000 after acquiring an additional 446 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of Logitech International during the third quarter worth approximately $12,597,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Price Performance

Shares of NASDAQ:LOGI opened at $91.55 on Friday. Logitech International has a one year low of $74.72 and a one year high of $105.65. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.61 and a beta of 0.73. The firm has a 50 day simple moving average of $95.98 and a 200 day simple moving average of $88.02.

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 return on equity of 30.53% and a net margin of 14.38%. As a group, analysts expect that Logitech International will post 4.21 EPS for the current year.

Logitech International declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 5th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are 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.