BidaskClub lowered shares of Logitech International (NASDAQ:LOGI) from a buy rating to a hold rating in a research report sent to investors on Thursday.

A number of other equities research analysts also recently weighed in on LOGI. Goldman Sachs Group began coverage on Logitech International in a research report on Friday, June 22nd. They issued a neutral rating for the company. Zacks Investment Research downgraded Logitech International from a strong-buy rating to a hold rating in a research report on Wednesday, July 4th. ValuEngine downgraded Logitech International from a buy rating to a hold rating in a research report on Thursday, September 6th. DA Davidson increased their price objective on Logitech International from $55.00 to $58.00 and gave the company a buy rating in a research report on Wednesday, September 5th. Finally, Citigroup increased their price objective on Logitech International from $47.00 to $50.00 and gave the company a buy rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $49.60.

LOGI opened at $47.28 on Thursday. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 2.95 and a beta of 1.02. Logitech International has a 1-year low of $32.66 and a 1-year high of $49.96.

Logitech International (NASDAQ:LOGI) last released its earnings results on Monday, July 30th. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The firm had revenue of $608.48 million during the quarter, compared to the consensus estimate of $584.37 million. Logitech International had a return on equity of 24.63% and a net margin of 7.97%. During the same period in the prior year, the firm posted $0.24 earnings per share. equities analysts predict that Logitech International will post 1.6 EPS for the current fiscal year.

In other news, CEO Bracken Darrell sold 100,000 shares of the stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $45.66, for a total transaction of $4,566,000.00. Following the completion of the sale, the chief executive officer now owns 712,137 shares in the company, valued at approximately $32,516,175.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Logitech International by 123.0% during the 1st quarter. JPMorgan Chase & Co. now owns 2,961,717 shares of the technology company’s stock valued at $108,784,000 after acquiring an additional 1,633,532 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Logitech International by 4.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,578,251 shares of the technology company’s stock valued at $113,391,000 after acquiring an additional 114,196 shares during the last quarter. Credit Agricole S A lifted its holdings in shares of Logitech International by 3.8% in the first quarter. Credit Agricole S A now owns 1,266,600 shares of the technology company’s stock valued at $46,523,000 after purchasing an additional 46,000 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Logitech International by 13.7% in the second quarter. Bank of New York Mellon Corp now owns 1,058,245 shares of the technology company’s stock valued at $46,542,000 after purchasing an additional 127,149 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its holdings in shares of Logitech International by 56.3% in the first quarter. Compagnie Lombard Odier SCmA now owns 547,978 shares of the technology company’s stock valued at $20,012,000 after purchasing an additional 197,450 shares in the last quarter. Institutional investors own 36.45% of the company’s stock.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.

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Analyst Recommendations for Logitech International (NASDAQ:LOGI)

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