Logitech International (NASDAQ:LOGI) Price Target Raised to $105.00

Logitech International (NASDAQ:LOGI) had its price target upped by Barclays from $98.00 to $105.00 in a report published on Wednesday, Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

LOGI has been the topic of several other reports. Citigroup increased their target price on Logitech International from $98.00 to $100.00 and gave the company a neutral rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. lowered Logitech International from an overweight rating to a neutral rating and decreased their target price for the stock from $92.00 to $85.00 in a research report on Wednesday, May 1st. Morgan Stanley reaffirmed an underweight rating and set a $75.00 price target (down previously from $85.00) on shares of Logitech International in a report on Monday, April 15th. Wedbush reissued a neutral rating and set a $88.00 price objective on shares of Logitech International in a report on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft restated a sell rating on shares of Logitech International in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Logitech International currently has a consensus rating of Hold and an average price target of $90.57.

Logitech International Trading Up 0.6 %

Logitech International stock opened at $88.92 on Wednesday. Logitech International has a 12 month low of $65.31 and a 12 month high of $102.59. The company has a market capitalization of $14.06 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 2.63 and a beta of 0.80. The business’s fifty day simple moving average is $95.42 and its two-hundred day simple moving average is $90.01.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Monday, April 29th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $956.85 million. Logitech International had a net margin of 15.67% and a return on equity of 30.80%. On average, equities research analysts predict that Logitech International will post 3.86 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Charles D. Boynton acquired 1,225 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average cost of $81.27 per share, for a total transaction of $99,555.75. Following the purchase, the chief financial officer now owns 1,225 shares in the company, valued at approximately $99,555.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LOGI. Benjamin F. Edwards & Company Inc. bought a new position in Logitech International in the 4th quarter worth approximately $33,000. Global Retirement Partners LLC raised its holdings in Logitech International by 764.4% during the 1st quarter. Global Retirement Partners LLC now owns 389 shares of the technology company’s stock valued at $35,000 after buying an additional 344 shares during the period. Blue Trust Inc. lifted its holdings in shares of Logitech International by 65.6% in the 4th quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock worth $40,000 after acquiring an additional 168 shares during the last quarter. National Bank of Canada FI lifted its stake in Logitech International by 529.4% in the fourth quarter. National Bank of Canada FI now owns 428 shares of the technology company’s stock worth $40,000 after purchasing an additional 360 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in Logitech International during the 1st quarter valued at $42,000. Institutional investors 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.