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

Shares of Logitech International S.A. (NASDAQ:LOGI) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $96.88.

Several equities research analysts have recently weighed in on the company. Barclays raised their price target on Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Wedbush reaffirmed a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised Logitech International from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Finally, StockNews.com raised Logitech International from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th.

Insider Activity

In other news, insider Samantha Harnett sold 300 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total value of $28,980.00. Following the transaction, the insider now owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings in Logitech International by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company’s stock worth $458,000 after acquiring an additional 127 shares during the period. Rosenberg Matthew Hamilton grew its holdings in Logitech International by 5.8% during the third quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company’s stock worth $210,000 after acquiring an additional 128 shares during the period. Freedom Investment Management Inc. grew its holdings in Logitech International by 4.1% during the fourth quarter. Freedom Investment Management Inc. now owns 3,444 shares of the technology company’s stock worth $284,000 after acquiring an additional 136 shares during the period. Investment Management Corp of Ontario grew its holdings in Logitech International by 0.4% during the third quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company’s stock worth $3,629,000 after acquiring an additional 170 shares during the period. Finally, Tealwood Asset Management Inc. grew its holdings in Logitech International by 1.2% during the fourth quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company’s stock worth $1,231,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Stock Performance

Shares of NASDAQ LOGI opened at $98.94 on Tuesday. Logitech International has a fifty-two week low of $74.72 and a fifty-two week high of $105.65. The firm has a market capitalization of $15.65 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 2.61 and a beta of 0.78. The stock’s 50-day simple moving average is $93.20 and its 200-day simple moving average is $87.73.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. On average, sell-side analysts forecast that Logitech International will post 4.21 earnings per share for the current fiscal year.

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.