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

Shares of Logitech International S.A. (NASDAQ:LOGI) have been given an average rating of “Hold” by the ten analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $100.14.

Several brokerages recently issued reports on LOGI. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Morgan Stanley upgraded shares of Logitech International from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $73.00 to $92.00 in a report on Thursday, January 23rd. Bank of America reissued an “underperform” rating and set a $90.00 price target (down from $105.00) on shares of Logitech International in a research report on Friday, February 28th. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their target price 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.

Logitech International Price Performance

NASDAQ:LOGI opened at $91.55 on Friday. Logitech International has a one year low of $74.72 and a one year high of $105.65. The company has a market cap of $14.48 billion, a PE ratio of 21.49, a PEG ratio of 2.61 and a beta of 0.73. The firm has a 50-day moving average of $95.98 and a 200-day moving average of $88.02.

Logitech International (NASDAQ:LOGI) last released its quarterly 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 return on equity of 30.53% and a net margin of 14.38%. On average, equities research 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 plan on Wednesday, March 5th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other Logitech International news, insider Samantha Harnett sold 300 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total value of $28,980.00. Following the sale, the insider now directly owns 7,348 shares in the company, valued at $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Logitech International

Large investors have recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new position in Logitech International during the fourth quarter worth about $26,000. Sierra Ocean LLC purchased a new stake in shares of Logitech International during the 4th quarter valued at approximately $27,000. Bessemer Group Inc. boosted its holdings in Logitech International by 1,339.1% in the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company’s stock worth $27,000 after buying an additional 308 shares during the period. Exane Asset Management purchased a new position in Logitech International in the 4th quarter valued at approximately $32,000. Finally, Tower Research Capital LLC TRC raised its holdings in 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 acquiring an additional 439 shares during the period. Hedge funds and other 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.