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

Logitech International S.A. (NASDAQ:LOGI) has been given an average rating of “Hold” by the ten research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $100.14.

A number of research analysts have weighed in on LOGI shares. Barclays raised their price objective on Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on shares of Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Citigroup upped their price objective on shares of Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Kepler Capital Markets upgraded Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th.

Insiders Place Their Bets

In other Logitech International news, insider Samantha Harnett sold 300 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total value of $28,980.00. Following the sale, the insider now owns 7,348 shares of the company’s stock, valued at $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Logitech International

Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in 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 buying an additional 164,185 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of 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 increased its position in shares of Logitech International by 5.7% during the fourth quarter. Bank of New York Mellon Corp now owns 351,097 shares of the technology company’s stock worth $28,913,000 after acquiring an additional 18,986 shares during the period. US Bancorp DE raised its stake in shares of Logitech International by 5.6% in 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 purchased a new position in Logitech International in the third quarter valued at $12,597,000. 45.76% of the stock is owned by institutional investors and hedge funds.

Logitech International Stock Down 1.5 %

Shares of NASDAQ LOGI opened at $91.02 on Friday. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 2.61 and a beta of 0.73. The company’s 50-day simple moving average is $96.14 and its 200-day simple moving average is $88.10. Logitech International has a 52-week low of $74.72 and a 52-week high of $105.65.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping 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 will post 4.21 EPS for the current fiscal year.

Logitech International declared that its board has approved a share buyback plan on Wednesday, March 5th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is 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.