Logitech International S.A. (NASDAQ:LOGI) Receives Average Rating of “Hold” from Analysts

Shares of Logitech International S.A. (NASDAQ:LOGI) have received a consensus rating of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $91.00.

A number of research analysts have recently issued reports on the company. Morgan Stanley reiterated an “underweight” rating and issued a $75.00 price target (down from $85.00) on shares of Logitech International in a report on Monday, April 15th. StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Berenberg Bank assumed coverage on Logitech International in a report on Thursday, March 14th. They issued a “buy” rating and a $111.00 price target on the stock. Wedbush reiterated a “neutral” rating and issued a $92.00 price target on shares of Logitech International in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. downgraded Logitech International from an “overweight” rating to a “neutral” rating and cut their price target for the company from $92.00 to $85.00 in a report on Wednesday, May 1st.

Logitech International Stock Up 0.9 %

LOGI opened at $96.01 on Friday. The stock’s fifty day moving average is $86.06 and its two-hundred day moving average is $87.98. The company has a market capitalization of $15.18 billion, a P/E ratio of 24.81, a PEG ratio of 2.93 and a beta of 0.78. Logitech International has a 52 week low of $53.91 and a 52 week high of $96.67.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.55 by $0.34. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $956.85 million. Logitech International had a return on equity of 27.46% and a net margin of 14.24%. Equities analysts anticipate that Logitech International will post 3.85 earnings per share for the current year.

Insider Buying and Selling

In other Logitech International news, CFO Charles D. Boynton bought 1,225 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $81.27 per share, for a total transaction of $99,555.75. Following the purchase, the chief financial officer now directly owns 1,225 shares in the company, valued at $99,555.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Charles D. Boynton purchased 1,225 shares of the stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $81.27 per share, with a total value of $99,555.75. Following the transaction, the chief financial officer now owns 1,225 shares in the company, valued at approximately $99,555.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Prakash Arunkundrum sold 23,023 shares of Logitech International stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the sale, the chief operating officer now directly owns 61,056 shares of the company’s stock, valued at approximately $5,495,040. The disclosure for this sale can be found here. Insiders have sold a total of 23,223 shares of company stock worth $2,089,934 in the last ninety days. 0.15% of the stock is owned by insiders.

Institutional Trading of Logitech International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Claro Advisors LLC lifted its position in Logitech International by 6.2% during the 1st quarter. Claro Advisors LLC now owns 2,241 shares of the technology company’s stock worth $200,000 after acquiring an additional 131 shares during the period. Blue Trust Inc. lifted its holdings in shares of Logitech International by 65.6% in the 4th quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock valued at $40,000 after buying an additional 168 shares during the period. Naples Global Advisors LLC lifted its holdings in shares of Logitech International by 2.2% in the 1st quarter. Naples Global Advisors LLC now owns 13,256 shares of the technology company’s stock valued at $1,185,000 after buying an additional 291 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in shares of Logitech International by 4.7% in the 4th quarter. First Citizens Bank & Trust Co. now owns 6,594 shares of the technology company’s stock valued at $627,000 after buying an additional 297 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Logitech International by 1.6% in the 1st quarter. SG Americas Securities LLC now owns 19,056 shares of the technology company’s stock valued at $1,703,000 after buying an additional 297 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.