Logitech International (NASDAQ:LOGI) Price Target Raised to $99.00

Logitech International (NASDAQ:LOGI) had its price objective raised by JPMorgan Chase & Co. from $93.00 to $99.00 in a report published on Tuesday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the technology company’s stock.

A number of other research firms have also recently issued reports on LOGI. StockNews.com cut shares of Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Wedbush restated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research note on Wednesday, October 23rd. Loop Capital lowered their price target on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Barclays cut their price objective on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. One 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $95.75.

Logitech International Stock Up 4.2 %

LOGI opened at $91.55 on Tuesday. The firm’s 50-day moving average price is $83.57 and its 200-day moving average price is $85.74. The company has a market cap of $14.48 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 2.83 and a beta of 0.77. Logitech International has a 52-week low of $74.72 and a 52-week high of $102.59.

Institutional Investors Weigh In On Logitech International

Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. acquired a new stake in shares of Logitech International during the 2nd quarter valued at about $358,000. Envestnet Asset Management Inc. grew its holdings in Logitech International by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 104,168 shares of the technology company’s stock valued at $10,092,000 after purchasing an additional 10,317 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of 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. Mount Yale Investment Advisors LLC acquired a new position in shares of Logitech International during the 2nd quarter worth approximately $286,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Logitech International by 6.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock valued at $200,000 after buying an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

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.