Logitech International (NASDAQ:LOGI) Given New $99.00 Price Target at JPMorgan Chase & Co.

Logitech International (NASDAQ:LOGI) had its target price upped by analysts at JPMorgan Chase & Co. from $93.00 to $99.00 in a research note issued to investors on Tuesday, MarketBeat reports. The firm presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 12.69% from the company’s previous close.

A number of other equities research analysts also recently weighed in on LOGI. Loop Capital dropped their target price 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. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Barclays lowered their price target on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Bank of America lowered shares of Logitech International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $114.00 to $92.00 in a report on Monday, December 16th. Finally, StockNews.com lowered shares of Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $93.63.

Logitech International Price Performance

Shares of Logitech International stock opened at $87.85 on Tuesday. The firm has a 50 day simple moving average of $83.30 and a 200 day simple moving average of $85.70. Logitech International has a fifty-two week low of $74.72 and a fifty-two week high of $102.59. The firm has a market cap of $13.89 billion, a P/E ratio of 19.57, a P/E/G ratio of 2.74 and a beta of 0.77.

Institutional Trading of Logitech International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. bought a new position in Logitech International in the second quarter valued at $358,000. Envestnet Asset Management Inc. boosted its stake in shares of Logitech International by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 104,168 shares of the technology company’s stock worth $10,092,000 after buying an additional 10,317 shares during the last quarter. 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 acquiring an additional 495 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new stake in Logitech International during the second quarter worth about $286,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Logitech International by 6.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock worth $200,000 after acquiring an additional 128 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

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.