Analysts Set Logitech International S.A. (NASDAQ:LOGI) Price Target at $100.14

Logitech International S.A. (NASDAQ:LOGI - Get Free Report) has been given an average rating of "Hold" by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $100.14.

A number of equities research analysts have weighed in on the company. Wedbush upgraded Logitech International from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $100.00 to $125.00 in a research report on Friday, March 7th. StockNews.com cut Logitech International from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. boosted their price target on shares of Logitech International from $99.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Kepler Capital Markets upgraded Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft raised Logitech International from a "sell" rating to a "hold" rating in a research report on Friday, January 31st.

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Insider Buying and Selling

In other news, insider Samantha Harnett sold 300 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of the sale, the insider now directly owns 7,348 shares of the company's stock, valued at $709,816.80. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Logitech International

Several large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Logitech International by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,161 shares of the technology company's stock valued at $507,000 after acquiring an additional 120 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Logitech International by 2.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company's stock valued at $458,000 after purchasing an additional 127 shares in the last quarter. Freedom Investment Management Inc. lifted its stake in shares of Logitech International by 4.1% in the 4th quarter. Freedom Investment Management Inc. now owns 3,444 shares of the technology company's stock valued at $284,000 after purchasing an additional 136 shares during the last quarter. Investment Management Corp of Ontario boosted its holdings in Logitech International by 0.4% in the third quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company's stock worth $3,629,000 after purchasing an additional 170 shares in the last quarter. Finally, Tealwood Asset Management Inc. increased its position 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 buying an additional 175 shares during the last quarter. Institutional investors own 45.76% of the company's stock.

Logitech International Stock Up 1.8 %

LOGI stock traded up $1.58 during trading on Friday, reaching $91.55. 352,391 shares of the company's stock were exchanged, compared to its average volume of 540,249. The firm has a market cap of $14.48 billion, a PE ratio of 21.49, a P/E/G ratio of 2.61 and a beta of 0.73. Logitech International has a 1-year low of $74.72 and a 1-year high of $105.65. The company's fifty day moving average price is $95.98 and its 200-day moving average price is $88.02.

Logitech International (NASDAQ:LOGI - Get Free Report) last announced its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. As a group, sell-side analysts expect that Logitech International will post 4.21 earnings per share for the current fiscal year.

Logitech International declared that its board has authorized a share buyback program on Wednesday, March 5th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

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.