Brokerages Set Logitech International S.A. (NASDAQ:LOGI) Price Target at $84.29

Logitech International S.A. (NASDAQ:LOGI - Get Free Report) has received a consensus rating of "Hold" from the ten analysts that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $84.29.

Several research analysts recently issued reports on the company. UBS Group upgraded Logitech International from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Logitech International in a report on Wednesday, May 21st. Citigroup reduced their price objective on Logitech International from $105.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Wall Street Zen lowered Logitech International from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Logitech International from $96.00 to $80.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th.

Institutional Trading of Logitech International

Institutional investors have recently modified their holdings of the company. Financial Advocates Investment Management acquired a new position in Logitech International during the fourth quarter valued at approximately $448,000. Exane Asset Management purchased a new position in shares of Logitech International in the 4th quarter valued at $32,000. Entropy Technologies LP purchased a new position in shares of Logitech International in the 4th quarter valued at $314,000. Kestra Private Wealth Services LLC lifted its holdings in shares of Logitech International by 41.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 8,105 shares of the technology company's stock valued at $667,000 after acquiring an additional 2,375 shares in the last quarter. Finally, Lester Murray Antman dba SimplyRich boosted its position in Logitech International by 23.2% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 9,539 shares of the technology company's stock worth $785,000 after purchasing an additional 1,797 shares during the period. Hedge funds and other institutional investors own 45.76% of the company's stock.

Logitech International Price Performance

Shares of LOGI stock traded up $0.92 during midday trading on Thursday, reaching $85.23. 389,543 shares of the company traded hands, compared to its average volume of 629,395. The firm has a market cap of $13.48 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.61 and a beta of 0.96. The firm's 50 day simple moving average is $78.70 and its two-hundred day simple moving average is $86.15. Logitech International has a 1-year low of $64.73 and a 1-year high of $105.65.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. Logitech International's revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. As a group, research analysts anticipate that Logitech International will post 4.21 earnings per share for the current fiscal year.

Logitech International announced that its Board of Directors has approved a stock buyback program on Wednesday, March 5th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the technology company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

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.