Logitech International SA (NASDAQ:LOGI) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $21.47 and last traded at $21.33, with a volume of 744,903 shares traded. The stock had previously closed at $20.67.

Several brokerages recently issued reports on LOGI. Morgan Stanley raised Logitech International SA from an “underweight” rating to an “equal weight” rating in a research report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.75 target price (up from $18.00) on shares of Logitech International SA in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. lifted their price objective on Logitech International SA from $13.50 to $18.00 and gave the stock an “underweight” rating in a research report on Friday, July 29th. Finally, Zacks Investment Research lowered Logitech International SA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.44.

The firm has a market capitalization of $3.46 billion and a PE ratio of 26.76. The firm has a 50-day moving average of $17.33 and a 200-day moving average of $15.97.

Logitech International SA (NASDAQ:LOGI) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. On average, equities research analysts predict that Logitech International SA will post $1.07 earnings per share for the current year.

In related news, SVP Marcel Stolk sold 225,000 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $20.36, for a total value of $4,581,000.00. Following the completion of the transaction, the senior vice president now directly owns 478,002 shares in the company, valued at $9,732,120.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vincent Pilette sold 100,000 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $19.93, for a total transaction of $1,993,000.00. Following the completion of the transaction, the chief financial officer now owns 518,492 shares of the company’s stock, valued at $10,333,545.56. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Logitech International SA stock. Dimensional Fund Advisors LP increased its stake in Logitech International SA (NASDAQ:LOGI) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 291,619 shares of the company’s stock after buying an additional 4,214 shares during the period. Dimensional Fund Advisors LP owned about 0.18% of Logitech International SA worth $4,395,000 as of its most recent SEC filing.

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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