Logitech International SA (NASDAQ:LOGI)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $16.81 and last traded at $16.80, with a volume of 179,137 shares. The stock had previously closed at $16.59.

A number of equities analysts have commented on LOGI shares. Rosenblatt Securities reissued a “buy” rating and issued a $18.00 price objective on shares of Logitech International SA in a research note on Friday, July 1st. Zacks Investment Research cut shares of Logitech International SA from a “buy” rating to a “hold” rating in a research note on Tuesday, March 22nd. Sterne Agee CRT started coverage on shares of Logitech International SA in a research note on Tuesday, April 5th. They issued a “neutral” rating and a $18.00 price objective for the company. Finally, JPMorgan Chase & Co. reissued a “sell” rating and issued a $13.50 price objective on shares of Logitech International SA in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $16.13.

The company has a 50-day moving average price of $15.89 and a 200-day moving average price of $15.46. The stock has a market capitalization of $2.71 billion and a PE ratio of 23.47.

Logitech International SA (NASDAQ:LOGI) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. Equities analysts predict that Logitech International SA will post $1.02 earnings per share for the current year.

Several institutional investors have made changes to their positions in LOGI. Schroder Investment Management Group boosted its position in shares of Logitech International SA by 1.1% in the fourth quarter. Schroder Investment Management Group now owns 3,020,138 shares of the company’s stock worth $46,510,000 after buying an additional 33,829 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Logitech International SA by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 291,619 shares of the company’s stock worth $4,395,000 after buying an additional 4,214 shares during the last quarter. Alpha Omega Wealth Management LLC acquired a new position in shares of Logitech International SA during the fourth quarter worth approximately $2,578,000. First Trust Advisors LP boosted its position in shares of Logitech International SA by 361.5% in the fourth quarter. First Trust Advisors LP now owns 162,467 shares of the company’s stock worth $2,448,000 after buying an additional 127,261 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. acquired a new position in shares of Logitech International SA during the fourth quarter worth approximately $2,475,000.

Logitech International SA (Logitech) is a Switzerland-based company that, together with its subsidiaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.

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