Logitech International S.A. (NASDAQ:LOGI) Given Average Rating of "Hold" by Analysts

Shares of Logitech International S.A. (NASDAQ:LOGI - Get Free Report) have been assigned an average rating of "Hold" from the ten brokerages that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $90.57.

LOGI has been the topic of a number of recent research reports. Citigroup reduced their price target on shares of Logitech International from $105.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Morgan Stanley upgraded Logitech International from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd. Bank of America upgraded Logitech International from an "underperform" rating to a "neutral" rating and reduced their price objective for the company from $90.00 to $73.00 in a research report on Friday, April 4th. Finally, Barclays increased their target price on Logitech International from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th.

Logitech International Trading Up 2.1 %

Logitech International stock traded up $1.50 during midday trading on Wednesday, hitting $71.63. The stock had a trading volume of 524,868 shares, compared to its average volume of 596,148. The business has a fifty day moving average price of $88.64 and a 200 day moving average price of $86.56. Logitech International has a 12 month low of $64.73 and a 12 month high of $105.65. The stock has a market cap of $11.33 billion, a P/E ratio of 16.81, a P/E/G ratio of 2.61 and a beta of 0.97.

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

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

Insider Activity at Logitech International

In related news, insider Samantha Harnett sold 300 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.00. Following the transaction, the insider now owns 7,348 shares in the company, valued at $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Logitech International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new stake in shares of Logitech International in the 4th quarter worth $26,000. Sierra Ocean LLC bought a new stake in Logitech International in the fourth quarter worth about $27,000. Bessemer Group Inc. raised its position in Logitech International by 1,339.1% in the fourth quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock worth $27,000 after acquiring an additional 308 shares in the last quarter. Exane Asset Management acquired a new stake in Logitech International in the 4th quarter valued at about $32,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Logitech International by 975.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock valued at $40,000 after purchasing an additional 439 shares in the last quarter. 45.76% of the stock is owned by institutional investors.

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.