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

Key Points

• Analysts give Logitech an average recommendation of "Hold" from 11 analysts (1 sell, 7 hold, 3 buy) with an average 1-year price target of $102.13.
• Logitech beat quarterly expectations, reporting EPS of $1.93 vs. $1.78 consensus and revenue of $1.42B vs. $1.40B, with revenue up 6.1% year‑over‑year and strong profitability (ROE 33.57%, net margin 14.94%).
• Shares opened at $91.12 (52-week range $64.73–$123.01) with a $13.36B market cap, and major institutions including Vanguard, Barclays and Arrowstreet increased stakes while Morgan Stanley boosted its holding by 152.5%.

Logitech International S.A. (NASDAQ:LOGI - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $102.1250.

Several brokerages have recently weighed in on LOGI. Morgan Stanley reiterated an "underweight" rating and set a $89.00 price target (down from $107.00) on shares of Logitech International in a research report on Tuesday, January 20th. Zacks Research cut shares of Logitech International from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 29th. Wedbush reaffirmed an "outperform" rating and set a $135.00 target price on shares of Logitech International in a report on Tuesday, January 20th. Wall Street Zen downgraded shares of Logitech International from a "buy" rating to a "hold" rating in a report on Saturday, December 27th. Finally, Citigroup cut their price target on shares of Logitech International from $130.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday, January 20th.

Logitech International Stock Performance

Shares of NASDAQ LOGI opened at $91.12 on Wednesday. Logitech International has a fifty-two week low of $64.73 and a fifty-two week high of $123.01. The stock has a market cap of $13.36 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 3.30 and a beta of 1.09. The stock has a fifty day moving average of $90.91 and a 200-day moving average of $103.09.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The technology company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.15. Logitech International had a return on equity of 33.57% and a net margin of 14.94%.The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the prior year, the firm posted $1.59 EPS. The firm's quarterly revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that Logitech International will post 4.21 EPS for the current year.

Institutional Investors Weigh In On Logitech International

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Logitech International by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,682,756 shares of the technology company's stock worth $678,420,000 after acquiring an additional 75,256 shares during the last quarter. Barclays PLC boosted its position in shares of Logitech International by 16.0% during the 4th quarter. Barclays PLC now owns 3,275,064 shares of the technology company's stock valued at $328,227,000 after acquiring an additional 451,357 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Logitech International by 43.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,991,627 shares of the technology company's stock worth $304,151,000 after purchasing an additional 906,807 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Logitech International by 2.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,802,403 shares of the technology company's stock worth $288,430,000 after purchasing an additional 74,702 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Logitech International by 152.5% in the fourth quarter. Morgan Stanley now owns 2,190,070 shares of the technology company's stock worth $219,489,000 after purchasing an additional 1,322,582 shares during the last quarter. Institutional investors own 45.76% of the company's stock.

Logitech International Company Profile

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company's product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.

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