Logitech International S.A. (NASDAQ:LOGI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Logitech International S.A. (NASDAQ:LOGI) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $102.8889.

A number of equities research analysts have issued reports on LOGI shares. BNP Paribas Exane lowered shares of Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 target price on the stock. in a report on Thursday, January 8th. Zacks Research cut Logitech International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Wedbush reissued an “outperform” rating and set a $135.00 target price on shares of Logitech International in a research note on Tuesday. Barclays restated an “equal weight” rating and set a $98.00 price target (down previously from $134.00) on shares of Logitech International in a report on Friday, January 16th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $89.00 price target (down previously from $107.00) on shares of Logitech International in a research report on Tuesday.

Logitech International Stock Performance

Shares of Logitech International stock opened at $91.19 on Friday. The business has a 50-day moving average of $107.36 and a 200 day moving average of $105.83. Logitech International has a 12 month low of $64.73 and a 12 month high of $123.01.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.23. Logitech International had a net margin of 14.11% and a return on equity of 32.22%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Research analysts predict that Logitech International will post 4.21 EPS for the current year.

Insiders Place Their Bets

In related news, Director Neela Montgomery sold 5,833 shares of Logitech International stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $120.61, for a total value of $703,518.13. Following the completion of the transaction, the director owned 12,781 shares in the company, valued at $1,541,516.41. The trade was a 31.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Logitech International

Several institutional investors have recently modified their holdings of LOGI. Quarry LP purchased a new position in Logitech International in the third quarter valued at $30,000. Sound Income Strategies LLC acquired a new position in shares of Logitech International during the 2nd quarter worth about $27,000. Mather Group LLC. purchased a new position in shares of Logitech International in the 3rd quarter valued at about $34,000. Westside Investment Management Inc. raised its position in shares of Logitech International by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock worth $36,000 after acquiring an additional 163 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its stake in Logitech International by 63.7% during the third quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock worth $36,000 after purchasing an additional 128 shares during the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

About Logitech International

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.