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

Logitech International S.A. (NASDAQ:LOGI) has earned a consensus rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $113.6667.

A number of research analysts have recently weighed in on LOGI shares. Barclays increased their price target on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Citigroup raised their price objective on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings raised Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Wedbush reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Logitech International in a research note on Wednesday, May 6th.

Logitech International Price Performance

LOGI stock opened at $110.81 on Monday. The business’s fifty day moving average is $104.18 and its 200-day moving average is $99.97. The company has a market cap of $16.24 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13. Logitech International has a twelve month low of $83.32 and a twelve month high of $129.66.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. Research analysts anticipate that Logitech International will post 5.16 earnings per share for the current fiscal year.

Institutional Trading of Logitech International

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Logitech International during the 3rd quarter worth $30,000. CIBC Private Wealth Group LLC raised its stake in Logitech International by 61.3% during 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 period. Northwestern Mutual Wealth Management Co. raised its stake in Logitech International by 40.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock worth $52,000 after buying an additional 165 shares during the period. Richardson Financial Services Inc. raised its stake in Logitech International by 101.5% during the 4th quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock worth $66,000 after buying an additional 334 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in Logitech International by 911.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 678 shares of the technology company’s stock worth $68,000 after buying an additional 611 shares during the period. Institutional investors and hedge funds 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.