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

Logitech International S.A. (NASDAQ:LOGI) has been assigned an average rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $92.88.

Several analysts have commented on LOGI shares. StockNews.com cut Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. 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 report on Wednesday, October 23rd. Bank of America downgraded shares of Logitech International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $114.00 to $92.00 in a research note on Monday, December 16th. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Finally, Wedbush reiterated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a report on Wednesday, October 23rd.

Insiders Place Their Bets

In other news, Director Guy Gecht acquired 2,500 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were bought at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the purchase, the director now directly owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Logitech International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its stake in shares of Logitech International by 35.4% during the second 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 in the last quarter. TD Asset Management Inc grew its stake in Logitech International by 1.3% during the 2nd quarter. TD Asset Management Inc now owns 447,218 shares of the technology company’s stock valued at $43,049,000 after purchasing an additional 5,813 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Logitech International during the 2nd quarter worth approximately $358,000. Acadian Asset Management LLC raised its position in shares of 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 purchasing an additional 457,630 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Logitech International during the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Stock Performance

Shares of NASDAQ LOGI opened at $85.76 on Monday. The firm has a market cap of $13.56 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77. Logitech International has a 1 year low of $74.72 and a 1 year high of $102.59. The firm’s 50 day moving average price is $82.01 and its 200 day moving average price is $86.31.

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.