Logitech International S.A. (NASDAQ:LOGI) Given Average Rating of “Moderate Buy” by Brokerages

Logitech International S.A. (NASDAQ:LOGI) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $109.2222.

A number of equities analysts recently issued reports on the company. Barclays increased their price objective on Logitech International from $107.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price target on Logitech International from $104.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Zacks Research upgraded shares of Logitech International from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Wall Street Zen raised shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Wedbush increased their price objective on shares of Logitech International from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd.

Logitech International Stock Up 0.1%

LOGI stock opened at $104.28 on Monday. The firm’s 50-day simple moving average is $113.91 and its 200 day simple moving average is $104.00. Logitech International has a fifty-two week low of $64.73 and a fifty-two week high of $123.01.

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

Insider Transactions at Logitech International

In other news, Director Neela Montgomery sold 5,833 shares of Logitech International stock in a transaction on Friday, October 31st. The stock was sold at an average price of $120.61, for a total transaction of $703,518.13. Following the transaction, the director directly owned 12,781 shares in the company, valued at approximately $1,541,516.41. This trade represents a 31.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in Logitech International in the 3rd quarter valued at about $1,678,000. Polar Asset Management Partners Inc. acquired a new position in Logitech International in the third quarter worth approximately $208,000. First Affirmative Financial Network bought a new position in shares of Logitech International in the third quarter valued at $218,000. Armistice Capital LLC bought a new position in shares of Logitech International in the third quarter valued at $299,000. Finally, PDT Partners LLC lifted its position in shares of Logitech International by 89.3% during the 3rd quarter. PDT Partners LLC now owns 255,433 shares of the technology company’s stock valued at $27,911,000 after acquiring an additional 120,463 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

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.