Logitech International (NASDAQ:LOGI) Gets a Neutral Rating from Wedbush

Wedbush reissued a neutral rating on the stock Logitech International (NASDAQ:LOGI – Free Report) in a research report sent to investors Tuesday morning, RTT News reports. The brokerage currently has a price target of $88.00 for the technology company’s shares.

Several other equities analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a sell rating on shares of Logitech International in a report on Tuesday, April 16. Citigroup raised their price target on shares of Logitech International from $98.00 to $100.00 and gave the stock a neutral rating in a report on Thursday, April 4. JPMorgan Chase & Co. lowered shares of Logitech International from an “overweight” rating to a “neutral” rating and lowered their price target on the stock from $92.00 to $85.00 in a research report on Wednesday, May 1. Morgan Stanley reiterated an “underweight” rating and issued a $75.00 price target (down from $85.00) on shares of Logitech International in a research note on Monday, April 15. Finally, StockNews.com raised Logitech International from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Two equities research analysts have rated the stock a “sell,” four have rated it a “hold,” two have rated it a “buy,” and one has issued a “strong-buy” rating to the company’s stock. The company currently has an average rating of “hold” and an average price target of $90.43, according to MarketBeat.

See our latest report on LOGI

Logitech International Stock Results

Shares of NASDAQ LOGI opened at $92.49 on Tuesday. The company’s 50-day price average is $95.05 and its 200-day price average is $90.20. Logitech International has a 52-week low of $62.73 and a 52-week high of $102.59. The company has a market capitalization of $14.63 billion, a P/E ratio of 23.90, a price-earnings-growth ratio of 2.85 and a beta of 0.80.

Logitech International (NASDAQ:LOGI – Get Free Report) last released its financial results on Monday, April 29. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.34. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $956.85 million. Logitech International had a net margin of 14.24% and a return on equity of 27.46%. Analysts are forecasting that Logitech International will report earnings per share of $3.86 for the current year.

Internal Operations at Logitech International

In related news, CFO Charles D. Boynton acquired 1,225 shares of the company’s stock in a transaction dated Friday, May 3. The shares were acquired at an average price of $81.27 per share, for a total value of $99,555.75. Following the completion of the purchase, the CFO now directly owns 1,225 shares of the company’s stock, valued at approximately $99,555.75. The purchase was disclosed in an SEC filing, which is available through this hyperlink . 0.15% of the stock is owned by insiders.

Hedge funds rate Logitech International

Several hedge funds and other institutional investors recently modified their holdings in LOGI. Claro Advisors LLC increased its holdings in Logitech International by 6.2% in the first quarter. Claro Advisors LLC now owns 2,241 shares of the technology company’s stock worth $200,000 after purchasing an additional 131 shares in the last quarter. Blue Trust Inc. increased its position in shares of Logitech International by 65.6% in the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock worth $40,000 after purchasing an additional 168 shares in the last quarter. Naples Global Advisors LLC increased its holdings in shares of Logitech International by 2.2% in the first quarter. Naples Global Advisors LLC now owns 13,256 shares of the technology company’s stock worth $1,185,000 after purchasing an additional 291 shares during the period. First Citizens Bank & Trust Co. increased its holdings in Logitech International by 4.7% in Q4. First Citizens Bank & Trust Co. now owns 6,594 shares of the technology company’s stock worth $627,000 after acquiring an additional 297 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Logitech International by 1.6% in Q1. SG Americas Securities LLC now owns 19,056 shares of the technology company’s stock worth $1,703,000 after acquiring an additional 297 shares during the period. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International company profile

(Download the free report)

Logitech International SA, through its subsidiaries, designs, manufactures, and sells software-enabled hardware solutions that connect people to work, create, play, and stream worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; wired and wireless keyboards and keyboard/mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories, including tablet keyboards; PC and VC headsets, earphones, and premium wireless earbuds; mobile speakers and computer speakers; and portable wireless Bluetooth speakers.

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