Logitech International S.A. (NASDAQ:LOGI) Stock Has Consensus Price Target of $105.29 According to Analysts

Logitech International S.A. (NASDAQ:LOGI) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $105.29.

A number of analysts recently commented on the company. Wedbush dropped their price target on Logitech International from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Bank of America downgraded Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 price objective for the company. in a research note on Tuesday, June 30th. Wall Street Zen raised Logitech International from a “hold” rating to a “buy” rating in a research report on Sunday, September 20th. Morgan Stanley lowered their target price on Logitech International from $89.00 to $88.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 8th. Finally, Barclays cut their price target on shares of Logitech International from $105.00 to $101.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th.

Insider Buying and Selling

In other Logitech International news, insider Samantha Harnett sold 16,265 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $101.35, for a total value of $1,648,457.75. Following the transaction, the insider directly owned 37,097 shares in the company, valued at $3,759,780.95. The trade was a 30.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Logitech International

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its stake in shares of Logitech International by 911.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 678 shares of the technology company’s stock worth $68,000 after acquiring an additional 611 shares during the period. Fifth Third Bancorp raised its stake in Logitech International by 19.1% in the 1st quarter. Fifth Third Bancorp now owns 903 shares of the technology company’s stock valued at $82,000 after acquiring an additional 145 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Logitech International by 15.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 861 shares of the technology company’s stock valued at $86,000 after purchasing an additional 114 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Logitech International during the second quarter worth about $115,000. Finally, Westerkirk Capital Inc. boosted its position in Logitech International by 275.0% during the fourth quarter. Westerkirk Capital Inc. now owns 1,500 shares of the technology company’s stock worth $150,000 after purchasing an additional 1,100 shares during the period. Institutional investors own 45.76% of the company’s stock.

Logitech International Stock Performance

Shares of LOGI stock opened at $101.09 on Wednesday. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 3.63 and a beta of 1.18. Logitech International has a 52-week low of $83.32 and a 52-week high of $129.66. The company has a 50-day simple moving average of $101.97 and a two-hundred day simple moving average of $101.32.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Tuesday, July 28th. The technology company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.26 by $0.59. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Logitech International had a net margin of 16.28% and a return on equity of 37.30%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 EPS. On average, sell-side analysts forecast that Logitech International will post 5.24 EPS for the current fiscal year.

Logitech International Company Profile

Logitech International is a technology company that designs and develops hardware and software for connecting people to digital devices and platforms. Its products are used by consumers, businesses, educators, content creators and gamers, with offerings spanning personal computing, communication, collaboration and entertainment.

The company’s portfolio includes mice, keyboards, webcams, headsets, speakers, docking stations and other computer accessories. Logitech also provides video-conferencing systems and related collaboration products for meeting rooms and workplaces, as well as gaming peripherals, streaming equipment and accessories sold under brands such as Logitech G and ASTRO.

Founded in 1981 in Apples, Switzerland, Logitech serves customers internationally through retail, e-commerce and business-to-business channels.