Brokerages Set Logitech International S.A. (NASDAQ:LOGI) Target Price at $93.14

by · The Cerbat Gem

Logitech International S.A. (NASDAQ:LOGI – Get Free Report) has been given an average rating of “Hold” by the eight ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $93.14.

Several research analysts recently issued reports on LOGI shares. StockNews.com cut shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Loop Capital lifted their price objective on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Barclays boosted their price objective on Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Wedbush reiterated a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research report on Tuesday, July 16th.

View Our Latest Stock Report on LOGI

Institutional Trading of Logitech International

Institutional investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of Logitech International in the second quarter valued at approximately $35,000. Mather Group LLC. purchased a new position in shares of Logitech International during the 1st quarter worth $42,000. Employees Retirement System of Texas purchased a new position in shares of Logitech International during the 2nd quarter worth $63,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after purchasing an additional 495 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Logitech International by 2,036.8% in the 2nd quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock valued at $130,000 after buying an additional 1,385 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Stock Performance

Logitech International stock opened at $85.66 on Friday. The business’s 50-day simple moving average is $87.77 and its two-hundred day simple moving average is $89.62. The company has a market cap of $13.55 billion, a PE ratio of 21.98, a PEG ratio of 2.52 and a beta of 0.79. Logitech International has a fifty-two week low of $67.82 and a fifty-two week high of $102.59.

Logitech International (NASDAQ:LOGI – Get Free Report) last issued its earnings results on Monday, July 22nd. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.03 billion. As a group, analysts predict that Logitech International will post 3.96 EPS for the current fiscal year.

Logitech International Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were paid a dividend of $1.3687 per share. This represents a dividend yield of 1.4%. This is an increase from Logitech International’s previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th. Logitech International’s dividend payout ratio is presently 13.49%.

Logitech International Company Profile

(Get Free Report

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.

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