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

Logitech International S.A. (NASDAQ:LOGI) has earned an average recommendation of “Hold” from the ten research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $100.14.

A number of research analysts have weighed in on LOGI shares. Wedbush upgraded Logitech International from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $100.00 to $125.00 in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Kepler Capital Markets upgraded Logitech International from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Bank of America reiterated an “underperform” rating and set a $90.00 price objective (down from $105.00) on shares of Logitech International in a report on Friday, February 28th. Finally, Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd.

Logitech International Trading Down 1.0 %

NASDAQ:LOGI opened at $89.97 on Friday. Logitech International has a 12-month low of $74.72 and a 12-month high of $105.65. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 2.61 and a beta of 0.73. The company’s 50-day moving average is $95.86 and its two-hundred day moving average is $87.97.

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 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 forecast that Logitech International will post 4.21 earnings per share for the current fiscal year.

Logitech International declared that its board has approved a stock buyback plan on Wednesday, March 5th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Logitech International

In related news, insider Samantha Harnett sold 300 shares of the 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 completion of the sale, the insider now directly owns 7,348 shares in the company, valued at approximately $709,816.80. This represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LOGI. Banque Transatlantique SA acquired a new position in shares of Logitech International during the fourth quarter worth $26,000. Sierra Ocean LLC purchased a new stake in Logitech International during the 4th quarter worth $27,000. Bessemer Group Inc. lifted 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 in the last quarter. Exane Asset Management acquired a new position in Logitech International in the 4th quarter worth $32,000. Finally, Tower Research Capital LLC TRC boosted its position in Logitech International by 975.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company’s stock valued at $40,000 after buying an additional 439 shares during the last quarter. 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.