Logitech International (NASDAQ:LOGI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Logitech International (NASDAQ:LOGI) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from $99.00 to $100.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 0.75% from the company’s previous close.

Several other research firms have also commented on LOGI. Barclays lifted their price target on shares of Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Bank of America cut Logitech International from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $114.00 to $92.00 in a report on Monday, December 16th. Loop Capital reduced their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Finally, Wedbush reaffirmed a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $97.13.

Logitech International Stock Up 2.6 %

Shares of NASDAQ:LOGI opened at $99.26 on Wednesday. Logitech International has a 52-week low of $74.72 and a 52-week high of $102.59. The stock has a market cap of $15.70 billion, a P/E ratio of 22.11, a PEG ratio of 2.74 and a beta of 0.77. The business has a fifty day moving average of $85.18 and a two-hundred day moving average of $85.80.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data 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 net margin of 15.65% and a return on equity of 30.68%. On average, equities analysts anticipate that Logitech International will post 4.12 earnings per share for the current year.

Institutional Trading of Logitech International

Several hedge funds have recently made changes to their positions in LOGI. Barclays PLC grew its holdings in shares of Logitech International by 64.2% in the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after purchasing an additional 1,967,133 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Logitech International by 2,315.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after acquiring an additional 1,385,493 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of Logitech International by 34.2% during the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock worth $402,802,000 after acquiring an additional 1,240,478 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Logitech International in the third quarter valued at $15,891,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Logitech International by 4,876.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock valued at $13,798,000 after purchasing an additional 164,185 shares during the period. Institutional investors and hedge funds 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.