BidaskClub downgraded shares of Logitech International (NASDAQ:LOGI) from a buy rating to a hold rating in a report issued on Tuesday, December 19th.
Separately, Zacks Investment Research raised shares of Logitech International from a hold rating to a strong-buy rating and set a $43.00 price objective for the company in a research note on Tuesday, September 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $44.60.
Logitech International (LOGI) traded up $0.43 on Tuesday, hitting $35.01. 214,060 shares of the stock traded hands, compared to its average volume of 276,758. The firm has a market capitalization of $6,060.00, a PE ratio of 25.37 and a beta of 0.41. Logitech International has a 52 week low of $24.99 and a 52 week high of $40.82.
Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Monday, October 23rd. The technology company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.11. Logitech International had a net margin of 9.32% and a return on equity of 24.58%. The firm had revenue of $634.21 million for the quarter, compared to analyst estimates of $630.23 million. During the same period last year, the firm earned $0.35 earnings per share. equities research analysts expect that Logitech International will post 1.24 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new position in Logitech International during the 3rd quarter valued at $670,000. Lenox Wealth Management Inc. increased its position in Logitech International by 30.3% during the 3rd quarter. Lenox Wealth Management Inc. now owns 16,693 shares of the technology company’s stock valued at $608,000 after purchasing an additional 3,882 shares during the period. Allianz Asset Management GmbH increased its position in Logitech International by 35.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,234,689 shares of the technology company’s stock valued at $45,429,000 after purchasing an additional 325,517 shares during the period. Envestnet Asset Management Inc. increased its position in Logitech International by 3.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 92,578 shares of the technology company’s stock valued at $3,376,000 after purchasing an additional 3,417 shares during the period. Finally, Private Advisor Group LLC increased its position in Logitech International by 18.1% during the 3rd quarter. Private Advisor Group LLC now owns 20,134 shares of the technology company’s stock valued at $718,000 after purchasing an additional 3,081 shares during the period. 38.23% of the stock is currently owned by institutional investors and hedge funds.
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About Logitech International
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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