Analysts Set Logitech International S.A. (NASDAQ:LOGI) Price Target at $92.43

Shares of Logitech International S.A. (NASDAQ:LOGI) have been given an average rating of “Hold” by the eight brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $91.00.

A number of research firms recently commented on LOGI. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Logitech International in a research note on Tuesday, April 16th. Berenberg Bank initiated coverage on Logitech International in a report on Thursday, March 14th. They issued a “buy” rating and a $111.00 price objective on the stock. Citigroup increased their price target on shares of Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Finally, JPMorgan Chase & Co. downgraded shares of Logitech International from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $92.00 to $85.00 in a research report on Wednesday.

Logitech International Stock Performance

Shares of Logitech International stock opened at $82.09 on Wednesday. The firm has a market cap of $12.98 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 2.56 and a beta of 0.78. Logitech International has a 1 year low of $53.91 and a 1 year high of $96.66. The firm’s 50-day simple moving average is $86.52 and its 200-day simple moving average is $86.46.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $956.85 million. Logitech International had a return on equity of 27.68% and a net margin of 14.24%. On average, equities analysts predict that Logitech International will post 3.67 earnings per share for the current year.

Insiders Place Their Bets

In other Logitech International news, insider Samantha Harnett sold 650 shares of Logitech International stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $84.17, for a total transaction of $54,710.50. Following the completion of the sale, the insider now owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Samantha Harnett sold 650 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $84.17, for a total transaction of $54,710.50. Following the completion of the transaction, the insider now directly owns 11,910 shares in the company, valued at approximately $1,002,464.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Charles D. Boynton purchased 1,225 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $81.27 per share, for a total transaction of $99,555.75. Following the completion of the transaction, the chief financial officer now directly owns 1,225 shares in the company, valued at $99,555.75. The disclosure for this purchase can be found here. In the last three months, insiders sold 24,572 shares of company stock valued at $2,207,555. 0.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Logitech International

Several large investors have recently modified their holdings of LOGI. Vanguard Group Inc. raised its holdings in shares of Logitech International by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 6,159,041 shares of the technology company’s stock worth $585,478,000 after acquiring an additional 84,179 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of Logitech International by 2.3% in the fourth quarter. Vontobel Holding Ltd. now owns 5,285,659 shares of the technology company’s stock valued at $501,223,000 after purchasing an additional 121,060 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Logitech International by 36.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,822,286 shares of the technology company’s stock worth $267,457,000 after buying an additional 760,263 shares during the period. Norges Bank bought a new position in shares of Logitech International during the fourth quarter worth about $214,130,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Logitech International by 20.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,837,505 shares of the technology company’s stock worth $174,162,000 after buying an additional 306,948 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.