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

Shares of Logitech International S.A. (NASDAQ:LOGI - Get Free Report) have received an average recommendation of "Hold" from the ten research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $92.88.

A number of brokerages recently issued reports on LOGI. Barclays decreased their price target on shares of Logitech International from $105.00 to $103.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their target price on shares of Logitech International from $98.00 to $93.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Wedbush restated a "neutral" rating and issued a $88.00 price target on shares of Logitech International in a research note on Wednesday, October 23rd. StockNews.com downgraded Logitech International from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Finally, Bank of America downgraded Logitech International from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $114.00 to $92.00 in a report on Monday, December 16th.

Logitech International Stock Up 4.4 %

NASDAQ LOGI traded up $3.65 during trading hours on Monday, hitting $86.35. 689,491 shares of the company were exchanged, compared to its average volume of 397,363. The company has a 50 day moving average of $81.78 and a two-hundred day moving average of $86.36. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.92 and a beta of 0.77. Logitech International has a 52-week low of $74.72 and a 52-week high of $102.59.

Insider Buying and Selling

In other Logitech International news, Director Guy Gecht purchased 2,500 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the purchase, the director now directly owns 18,503 shares in the company, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Logitech International

Several hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its stake in Logitech International by 35.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 47,079 shares of the technology company's stock valued at $4,561,000 after acquiring an additional 12,315 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Logitech International by 1.3% during the second quarter. TD Asset Management Inc now owns 447,218 shares of the technology company's stock worth $43,049,000 after purchasing an additional 5,813 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Logitech International during the second quarter worth $358,000. Acadian Asset Management LLC grew its position in Logitech International by 7.4% in the 2nd quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company's stock valued at $644,642,000 after buying an additional 457,630 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Logitech International in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 45.76% of the company's stock.

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.