Barclays Increases Logitech International (NASDAQ:LOGI) Price Target to $108.00

Logitech International (NASDAQ:LOGI - Free Report) had its target price raised by Barclays from $103.00 to $108.00 in a report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the technology company's stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Logitech International from $93.00 to $99.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Loop Capital decreased their price target on Logitech International from $88.00 to $81.00 and set a "hold" rating for the company in a research report on Monday, October 28th. Wedbush reissued a "neutral" rating and issued a $88.00 price objective on shares of Logitech International in a research report on Wednesday, January 22nd. Bank of America lowered Logitech International from a "buy" rating to a "neutral" rating and decreased their target price for the company from $114.00 to $92.00 in a research report on Monday, December 16th. Finally, Morgan Stanley raised shares of Logitech International from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $97.13.

Logitech International Price Performance

Shares of LOGI stock traded down $1.84 during trading hours on Wednesday, reaching $97.42. The company had a trading volume of 1,239,986 shares, compared to its average volume of 745,688. The business has a fifty day simple moving average of $85.54 and a 200-day simple moving average of $85.79. Logitech International has a 12 month low of $74.72 and a 12 month high of $102.59. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.20%. On average, equities research analysts expect that Logitech International will post 4.13 earnings per share for the current year.

Hedge Funds Weigh In On Logitech International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of Logitech International by 64.2% during the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company's stock valued at $451,426,000 after buying an additional 1,967,133 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Logitech International by 2,315.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company's stock worth $119,673,000 after acquiring an additional 1,385,493 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Logitech International by 34.2% in the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company's stock worth $402,802,000 after acquiring an additional 1,240,478 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Logitech International in the third quarter valued at $15,891,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Logitech International by 4,876.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company's stock valued at $13,798,000 after purchasing an additional 164,185 shares during the period. Institutional investors own 45.76% of the company's stock.

Logitech International Company Profile

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.