Logitech International S.A. (NASDAQ:LOGI) Receives $106.29 Consensus PT from Brokerages

Shares of Logitech International S.A. (NASDAQ:LOGI) have been given a consensus recommendation of “Hold” by the ten analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $106.2857.

Several research firms recently issued reports on LOGI. Citigroup reduced their price target on Logitech International from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, January 20th. UBS Group lowered Logitech International from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 17th. Wedbush restated an “outperform” rating and set a $135.00 price target on shares of Logitech International in a research report on Tuesday, January 20th. Wall Street Zen lowered Logitech International from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Barclays restated an “equal weight” rating and set a $98.00 price target (down from $134.00) on shares of Logitech International in a research report on Friday, January 16th.

Logitech International Trading Up 0.2%

Shares of NASDAQ LOGI opened at $99.49 on Friday. The stock’s 50-day moving average is $93.26 and its 200 day moving average is $100.88. Logitech International has a 1-year low of $76.52 and a 1-year high of $123.01. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 3.53 and a beta of 1.07.

Hedge Funds Weigh In On Logitech International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new stake in shares of Logitech International in the 3rd quarter worth approximately $30,000. Mather Group LLC. bought a new stake in shares of Logitech International in the 3rd quarter worth approximately $34,000. Richardson Financial Services Inc. grew its position in shares of Logitech International by 63.7% in the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock worth $36,000 after buying an additional 128 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of Logitech International by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock worth $36,000 after buying an additional 163 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in shares of Logitech International by 61.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company’s stock worth $46,000 after buying an additional 173 shares during the last quarter. 45.76% of the stock is currently owned by 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.