Brokerages Set Logitech International S.A. (NASDAQ:LOGI) Target Price at $93.14

Logitech International S.A. (NASDAQ:LOGI) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $93.14.

Several brokerages have recently issued reports on LOGI. Barclays increased their price objective on Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Loop Capital boosted their price objective on Logitech International from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Finally, Wedbush restated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research note on Tuesday, July 16th.

Hedge Funds Weigh In On Logitech International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky lifted its position in shares of Logitech International by 21.9% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 41,170 shares of the technology company’s stock worth $3,989,000 after buying an additional 7,400 shares during the last quarter. Aristides Capital LLC purchased a new stake in Logitech International in the second quarter valued at $287,000. Cetera Investment Advisers lifted its position in Logitech International by 14.1% in the second quarter. Cetera Investment Advisers now owns 13,882 shares of the technology company’s stock valued at $1,345,000 after acquiring an additional 1,717 shares during the last quarter. Creative Planning boosted its stake in Logitech International by 5.1% in the second quarter. Creative Planning now owns 28,611 shares of the technology company’s stock valued at $2,772,000 after acquiring an additional 1,391 shares in the last quarter. Finally, Maverick Capital Ltd. grew its holdings in shares of Logitech International by 36.9% during the second quarter. Maverick Capital Ltd. now owns 24,666 shares of the technology company’s stock worth $2,386,000 after purchasing an additional 6,642 shares during the last quarter. 45.76% of the stock is owned by institutional investors and hedge funds.

Logitech International Price Performance

NASDAQ LOGI opened at $84.90 on Tuesday. The company has a market cap of $13.43 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.64 and a beta of 0.79. The stock has a 50-day moving average of $89.98 and a two-hundred day moving average of $90.06. Logitech International has a 1-year low of $65.31 and a 1-year high of $102.59.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Monday, July 22nd. The technology company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Logitech International had a net margin of 15.67% and a return on equity of 30.51%. On average, analysts anticipate that Logitech International will post 3.96 EPS for the current fiscal year.

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.