Logitech International’s (LOGI) “Neutral” Rating Reiterated at Wedbush

Wedbush reaffirmed their neutral rating on shares of Logitech International (NASDAQ:LOGI) in a report published on Wednesday,RTT News reports. Wedbush currently has a $88.00 target price on the technology company’s stock.

Several other research analysts have also commented on the company. Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $114.00 to $92.00 in a research report on Monday, December 16th. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on shares of Logitech International from $93.00 to $99.00 and gave the company a “neutral” rating in a report on Tuesday. StockNews.com lowered shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, Loop Capital dropped their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Logitech International currently has an average rating of “Hold” and a consensus price target of $95.75.

Logitech International Stock Performance

LOGI opened at $91.18 on Wednesday. The business’s 50-day simple moving average is $83.84 and its 200-day simple moving average is $85.72. Logitech International has a one year low of $74.72 and a one year high of $102.59. The stock has a market capitalization of $14.42 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77.

Hedge Funds Weigh In On Logitech International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its holdings in Logitech International by 56.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after acquiring an additional 233 shares during the period. Employees Retirement System of Texas purchased a new position in shares of Logitech International in the 2nd quarter valued at about $63,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Logitech International by 139.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after purchasing an additional 495 shares in the last quarter. Transamerica Financial Advisors Inc. increased its holdings in shares of Logitech International by 115,300.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Logitech International in the 3rd quarter valued at about $105,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

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.