Logitech International (NASDAQ:LOGI) Sees Unusually-High Trading Volume – What’s Next?

Logitech International S.A. (NASDAQ:LOGI) shares saw an uptick in trading volume on Monday . 607,041 shares traded hands during trading, a decline of 30% from the previous session’s volume of 863,571 shares.The stock last traded at $97.04 and had previously closed at $97.42.

Analyst Ratings Changes

A number of analysts recently commented on LOGI shares. StockNews.com upgraded Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Loop Capital reduced 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. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Finally, Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $114.00 to $92.00 in a research note on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $97.13.

Logitech International Stock Up 2.2 %

The stock has a fifty day moving average of $86.18 and a two-hundred day moving average of $85.87. The stock has a market cap of $15.59 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 3.00 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating the consensus estimate 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 anticipate that Logitech International S.A. will post 4.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Logitech International

Several large investors have recently made changes to their positions in LOGI. Sierra Ocean LLC purchased a new stake in Logitech International during the 4th quarter worth $27,000. Exane Asset Management purchased a new stake in shares of Logitech International during the fourth quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 purchasing an additional 233 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Logitech International by 109.4% in the fourth quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company’s stock valued at $99,000 after purchasing an additional 631 shares during the period. Finally, Transamerica Financial Advisors Inc. grew its holdings in Logitech International by 115,300.0% during 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. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Company Profile

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.