Logitech International’s (LOGI) Neutral Rating Reiterated at Wedbush

Wedbush reissued their neutral rating on shares of Logitech International (NASDAQ:LOGI) in a report released on Wednesday,RTT News reports. The firm currently has a $88.00 target price on the technology company’s stock.

A number of other research analysts have also recently commented on the stock. Loop Capital decreased their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. StockNews.com lowered Logitech International from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Barclays lowered their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Logitech International from $93.00 to $99.00 and gave the stock a “neutral” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Logitech International presently has a consensus rating of “Hold” and an average price target of $95.75.

Logitech International Stock Down 0.4 %

Shares of Logitech International stock opened at $91.18 on Wednesday. Logitech International has a 52 week low of $74.72 and a 52 week high of $102.59. The business’s fifty day simple moving average is $83.84 and its 200-day simple moving average is $85.72. The firm has a market cap of $14.42 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77.

Institutional Trading of Logitech International

Several hedge funds have recently added to or reduced their stakes in LOGI. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Logitech International by 56.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after purchasing an additional 233 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in Logitech International in the second quarter valued at $63,000. Benjamin F. Edwards & Company Inc. raised its stake in Logitech International by 139.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after buying an additional 495 shares in the last quarter. Transamerica Financial Advisors Inc. raised its stake in Logitech International by 115,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after buying an additional 1,153 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Logitech International during the 3rd quarter worth about $105,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Company Profile

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.