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

Logitech International S.A. (NASDAQ:LOGI) has been given an average rating of “Hold” by the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $113.6667.

Several equities analysts recently weighed in on the stock. Wedbush restated an “outperform” rating and set a $135.00 target price on shares of Logitech International in a report on Wednesday, May 6th. UBS Group lowered shares of Logitech International from a “buy” rating to a “neutral” rating in a report on Tuesday, March 17th. Barclays lifted their target price on shares of Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Wall Street Zen lowered shares of Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Weiss Ratings upgraded shares of Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd.

Hedge Funds Weigh In On Logitech International

Several hedge funds and other institutional investors have recently made changes to their positions in LOGI. Arrowstreet Capital Limited Partnership increased its stake in Logitech International by 305.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,084,820 shares of the technology company’s stock worth $227,859,000 after buying an additional 1,570,876 shares during the period. Morgan Stanley increased its stake in Logitech International by 152.5% during the 4th quarter. Morgan Stanley now owns 2,190,070 shares of the technology company’s stock worth $219,489,000 after buying an additional 1,322,582 shares during the period. Credit Agricole S A purchased a new stake in Logitech International during the 3rd quarter worth $104,402,000. Norges Bank purchased a new stake in Logitech International during the 4th quarter worth $89,248,000. Finally, Marshall Wace LLP increased its stake in Logitech International by 131.2% during the 4th quarter. Marshall Wace LLP now owns 1,273,720 shares of the technology company’s stock worth $129,125,000 after buying an additional 722,887 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Stock Down 1.3%

Shares of LOGI opened at $109.91 on Thursday. The firm has a market cap of $16.11 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company’s fifty day moving average is $98.19 and its two-hundred day moving average is $99.88. Logitech International has a fifty-two week low of $81.98 and a fifty-two week high of $123.01.

Logitech International (NASDAQ:LOGI) last announced 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 analyst estimates of $1.08 billion. Logitech International had a net margin of 14.69% and a return on equity of 34.09%. Logitech International’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.93 EPS. As a group, equities research analysts anticipate that Logitech International will post 5.16 earnings per share for the current 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.