Shares of Logitech International SA (NASDAQ:LOGI) hit a new 52-week high during mid-day 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 analysts have recently issued reports on LOGI shares. Sterne Agee CRT started coverage on Logitech International SA in a report on Tuesday, April 5th. They set a “neutral” rating and a $18.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and set a $18.00 target price on shares of Logitech International SA in a report on Saturday, April 9th. Zacks Investment Research cut Logitech International SA from a “hold” rating to a “sell” rating in a report on Tuesday, May 10th. Finally, JPMorgan Chase & Co. reiterated a “sell” rating and set a $13.50 target price on shares of Logitech International SA in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. Logitech International SA presently has an average rating of “Hold” and a consensus price target of $16.13.

The stock’s 50 day moving average is $15.97 and its 200-day moving average is $15.48. The stock has a market cap of $2.69 billion and a price-to-earnings ratio of 23.27.

Logitech International SA (NASDAQ:LOGI) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.04. On average, equities research analysts predict that Logitech International SA will post $1.02 earnings per share for the current year.

Several hedge funds and institutional investors recently modified their holdings of the stock. Dimensional Fund Advisors LP raised 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 in the last quarter. Schroder Investment Management Group raised 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 in the last quarter. Liberty Mutual Group Asset Management Inc. bought a new position in shares of Logitech International SA during the fourth quarter worth approximately $2,475,000. Finally, First Trust Advisors LP raised 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 in the last quarter.

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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