Logitech International (NASDAQ:LOGI) Upgraded to “Buy” at StockNews.com

Logitech International (NASDAQ:LOGI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

LOGI has been the subject of a number of other research reports. Wedbush restated a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research note on Wednesday, January 22nd. Barclays increased 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, January 29th. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley upgraded Logitech International from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $73.00 to $92.00 in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $97.13.

Logitech International Price Performance

LOGI opened at $99.42 on Wednesday. Logitech International has a fifty-two week low of $74.72 and a fifty-two week high of $102.59. The firm has a market capitalization of $15.72 billion, a P/E ratio of 23.34, a PEG ratio of 3.00 and a beta of 0.78. The company’s 50-day moving average is $87.01 and its 200 day moving average is $86.07.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. On average, equities research analysts expect that Logitech International will post 4.18 earnings per share for the current year.

Insider Activity at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $96.60, for a total value of $28,980.00. Following the transaction, the insider now directly owns 7,348 shares in the company, valued at $709,816.80. This represents a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sierra Ocean LLC purchased a new stake in Logitech International in the fourth quarter valued at approximately $27,000. Exane Asset Management purchased a new stake in shares of Logitech International during the 4th quarter valued at $32,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after acquiring an additional 233 shares during the last quarter. Global Retirement Partners LLC grew its position in Logitech International by 109.4% in the fourth quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company’s stock worth $99,000 after acquiring an additional 631 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. grew its position in Logitech International by 115,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after acquiring an additional 1,153 shares in the last quarter. 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.