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

Shares of Logitech International S.A. (NASDAQ:LOGI) have been given a consensus rating of “Hold” by the eleven analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $102.1250.

Several research firms have weighed in on LOGI. Zacks Research cut Logitech International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Logitech International in a research report on Thursday, January 22nd. Wedbush restated an “outperform” rating and issued a $135.00 target price on shares of Logitech International in a report on Tuesday, January 20th. Citigroup reduced their price objective on shares of Logitech International from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, January 20th. Finally, Barclays reissued an “equal weight” rating and set a $98.00 price objective (down previously from $134.00) on shares of Logitech International in a research report on Friday, January 16th.

Hedge Funds Weigh In On Logitech International

Hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp increased its holdings in Logitech International by 16.6% during the third quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock valued at $82,000 after buying an additional 107 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Logitech International by 6.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,886 shares of the technology company’s stock valued at $207,000 after buying an additional 107 shares in the last quarter. NatWest Group plc increased its position in Logitech International by 0.5% in the third quarter. NatWest Group plc now owns 22,813 shares of the technology company’s stock worth $2,502,000 after purchasing an additional 113 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of Logitech International by 0.7% in the 3rd quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock worth $1,812,000 after buying an additional 120 shares during the last quarter. Finally, Frank Rimerman Advisors LLC raised its position in Logitech International by 1.1% during the third quarter. Frank Rimerman Advisors LLC now owns 11,389 shares of the technology company’s stock valued at $1,249,000 after purchasing an additional 122 shares during the period. 45.76% of the stock is owned by institutional investors.

Logitech International Trading Up 0.3%

LOGI opened at $91.69 on Tuesday. The company’s 50-day moving average price is $101.10 and its two-hundred day moving average price is $105.39. Logitech International has a twelve month low of $64.73 and a twelve month high of $123.01.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Tuesday, January 27th. The technology company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The company had revenue of $1.42 billion during 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%. Logitech International’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $1.59 EPS. Sell-side analysts expect that Logitech International will post 4.21 EPS for the current fiscal year.

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.