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

Logitech International S.A. (NASDAQ:LOGI) has received an average rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $102.1250.

LOGI has been the subject of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Logitech International in a research note on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective on shares of Logitech International from $104.00 to $123.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Wedbush reissued an “outperform” rating and set a $135.00 target price on shares of Logitech International in a research note on Tuesday, January 20th. Zacks Research lowered shares of Logitech International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Barclays reiterated an “equal weight” rating and set a $98.00 price objective (down from $134.00) on shares of Logitech International in a research report on Friday, January 16th.

Institutional Trading of Logitech International

A number of hedge funds and other institutional investors have recently made changes to their positions in LOGI. AQR Capital Management LLC raised its holdings in Logitech International by 61.2% during the first quarter. AQR Capital Management LLC now owns 4,175 shares of the technology company’s stock worth $352,000 after purchasing an additional 1,585 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Logitech International by 13.3% in the 2nd quarter. Blue Trust Inc. now owns 2,678 shares of the technology company’s stock worth $241,000 after buying an additional 314 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Logitech International by 13.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,764 shares of the technology company’s stock valued at $1,781,000 after buying an additional 2,300 shares during the period. Yousif Capital Management LLC boosted its stake in Logitech International by 7.6% during the second quarter. Yousif Capital Management LLC now owns 2,821 shares of the technology company’s stock valued at $254,000 after buying an additional 200 shares in the last quarter. Finally, Vest Financial LLC grew its holdings in Logitech International by 41.5% during the second quarter. Vest Financial LLC now owns 3,554 shares of the technology company’s stock worth $320,000 after acquiring an additional 1,043 shares during the period. 45.76% of the stock is currently owned by institutional investors.

Logitech International Trading Up 2.7%

Shares of LOGI opened at $89.41 on Tuesday. Logitech International has a 52 week low of $64.73 and a 52 week high of $123.01. The stock has a 50 day moving average of $98.31 and a 200-day moving average of $105.27.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, January 27th. The technology company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. Logitech International had a net margin of 14.94% and a return on equity of 33.57%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $1.59 EPS. Analysts expect that Logitech International will post 4.21 earnings per share for the current fiscal year.

Logitech International Company Profile

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.