Logitech International S.A. (LOGI) – What Are Analysts Saying About This Stock?

Shares of Logitech International S.A. (NASDAQ:LOGI) have received an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $104.14.

A number of equities research analysts have recently commented on the stock. Weiss Ratings raised shares of Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Saturday. Wedbush lowered their price target on shares of Logitech International from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Morgan Stanley lowered their price target on shares of Logitech International from $89.00 to $88.00 and set an “underweight” rating on the stock in a report on Wednesday, July 8th. Finally, Bank of America lowered shares of Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 price target on the stock. in a research report on Tuesday, June 30th.

Insider Activity

In other news, insider Samantha Harnett sold 16,265 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $101.35, for a total transaction of $1,648,457.75. Following the sale, the insider directly owned 37,097 shares of the company’s stock, valued at $3,759,780.95. This represents a 30.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Logitech International

A number of large investors have recently bought and sold shares of the business. Strengthening Families & Communities LLC acquired a new stake in Logitech International in the third quarter valued at approximately $44,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Logitech International in the third quarter valued at approximately $64,000. Fifth Third Bancorp raised its stake in shares of Logitech International by 19.1% during the 1st quarter. Fifth Third Bancorp now owns 903 shares of the technology company’s stock worth $82,000 after buying an additional 145 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Logitech International by 15.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 861 shares of the technology company’s stock worth $86,000 after buying an additional 114 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Logitech International during the 2nd quarter worth approximately $115,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Stock Down 2.5%

Logitech International stock opened at $109.66 on Friday. The firm has a market cap of $16.08 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 4.08 and a beta of 1.14. Logitech International has a 52 week low of $83.32 and a 52 week high of $129.66. The business’s 50-day moving average price is $101.64 and its 200 day moving average price is $103.01.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.59. Logitech International had a return on equity of 37.30% and a net margin of 16.28%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $1.26 earnings per share. Logitech International’s quarterly revenue was up 7.0% on a year-over-year basis. Equities analysts expect that Logitech International will post 5.14 EPS for the current year.

About Logitech International

Logitech International designs and manufactures hardware and software that connect people to digital devices and support communication, collaboration, content creation and gaming. Its products are sold under the Logitech brand and are used by consumers, businesses, educators, gamers and other professional users worldwide.

The company’s portfolio includes computer mice and keyboards, webcams, headsets, microphones, speakers, video-conferencing systems, presentation tools and gaming peripherals.