Logitech International S.A. (NASDAQ:LOGI) Given Consensus Rating of “Hold” by Brokerages

Logitech International S.A. (NASDAQ:LOGI) has earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $106.2857.

LOGI has been the subject of several research reports. Wall Street Zen lowered shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Barclays restated an “equal weight” rating and set a $98.00 price target (down from $134.00) on shares of Logitech International in a research report on Friday, January 16th. Citigroup reduced their price target on shares of Logitech International from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th. Wedbush restated an “outperform” rating and set a $135.00 price target on shares of Logitech International in a research report on Tuesday, January 20th. Finally, Weiss Ratings lowered shares of Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th.

Logitech International Stock Performance

LOGI opened at $99.28 on Friday. The firm has a market cap of $14.55 billion, a P/E ratio of 20.77, a PEG ratio of 3.47 and a beta of 1.08. The firm has a 50-day moving average of $93.26 and a 200 day moving average of $100.90. Logitech International has a fifty-two week low of $75.41 and a fifty-two week high of $123.01.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, January 27th. The technology company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.15. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. Logitech International had a net margin of 14.94% and a return on equity of 33.57%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.59 earnings per share. Equities research analysts predict that Logitech International will post 5.1 earnings per share for the current fiscal year.

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 business. Vanguard Group Inc. boosted its position in Logitech International by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,682,756 shares of the technology company’s stock worth $678,420,000 after purchasing an additional 75,256 shares during the period. Barclays PLC boosted its position in Logitech International by 16.0% during the fourth quarter. Barclays PLC now owns 3,275,064 shares of the technology company’s stock worth $328,227,000 after purchasing an additional 451,357 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Logitech International by 43.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,991,627 shares of the technology company’s stock worth $304,151,000 after purchasing an additional 906,807 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Logitech International by 2.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,802,403 shares of the technology company’s stock worth $288,430,000 after purchasing an additional 74,702 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Logitech International by 7.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,727,701 shares of the technology company’s stock worth $297,504,000 after purchasing an additional 191,828 shares during the period. Institutional investors own 45.76% of the company’s stock.

Logitech International Company Profile

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.