Analysts Set Logitech International S.A. (NASDAQ:LOGI) Price Target at $97.13

Shares of Logitech International S.A. (NASDAQ:LOGI) have received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $97.13.

Several research firms have weighed in on LOGI. JPMorgan Chase & Co. upped their price objective on shares of Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Kepler Capital Markets upgraded Logitech International from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Morgan Stanley upgraded Logitech International from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Finally, Bank of America lowered shares of Logitech International from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $114.00 to $92.00 in a research note on Monday, December 16th.

Insiders Place Their Bets

In other news, insider Samantha Harnett sold 300 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction 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. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Logitech International

Institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Logitech International by 8.2% during the 4th quarter. Barclays PLC now owns 5,445,157 shares of the technology company’s stock valued at $448,409,000 after buying an additional 414,236 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Logitech International by 34.2% during the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock valued at $402,802,000 after purchasing an additional 1,240,478 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Logitech International by 2.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,148,266 shares of the technology company’s stock valued at $341,610,000 after purchasing an additional 85,278 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Logitech International by 6.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,598,068 shares of the technology company’s stock worth $215,127,000 after purchasing an additional 146,338 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Logitech International by 3.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock worth $219,611,000 after purchasing an additional 89,788 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Price Performance

NASDAQ:LOGI opened at $101.21 on Tuesday. The company has a market cap of $16.01 billion, a PE ratio of 23.76, a P/E/G ratio of 2.61 and a beta of 0.78. Logitech International has a one year low of $74.72 and a one year high of $105.65. The firm’s 50 day simple moving average is $92.86 and its 200 day simple moving average is $87.65.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share (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%. Equities research analysts expect that Logitech International will post 4.21 EPS for the current year.

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.