JPMorgan Chase & Co. Lowers Logitech International (NASDAQ:LOGI) Price Target to $93.00

Logitech International (NASDAQ:LOGI) had its price objective cut by JPMorgan Chase & Co. from $98.00 to $93.00 in a report released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

LOGI has been the topic of a number of other research reports. Wedbush reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research note on Wednesday. Loop Capital upped their price objective on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, Barclays reduced their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $94.00.

Logitech International Trading Down 0.3 %

Shares of LOGI opened at $80.71 on Wednesday. Logitech International has a 12-month low of $74.72 and a 12-month high of $102.59. The stock has a market cap of $12.76 billion, a P/E ratio of 20.86, a PEG ratio of 2.44 and a beta of 0.79. The company has a 50-day moving average of $87.19 and a two-hundred day moving average of $89.21.

Logitech International Increases Dividend

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

Hedge Funds Weigh In On Logitech International

A number of large investors have recently bought and sold shares of LOGI. Diversify Wealth Management LLC increased its holdings in shares of Logitech International by 7.2% during the 3rd quarter. Diversify Wealth Management LLC now owns 6,816 shares of the technology company’s stock worth $612,000 after buying an additional 460 shares during the last quarter. Semanteon Capital Management LP raised its holdings in shares of Logitech International by 248.3% in the 3rd quarter. Semanteon Capital Management LP now owns 8,515 shares of the technology company’s stock worth $764,000 after purchasing an additional 6,070 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Logitech International in the 3rd quarter worth about $542,000. Mediolanum International Funds Ltd lifted its stake in shares of Logitech International by 12.0% in the 3rd quarter. Mediolanum International Funds Ltd now owns 42,254 shares of the technology company’s stock valued at $3,762,000 after purchasing an additional 4,511 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Logitech International during the 3rd quarter worth about $4,316,000. Hedge funds and other institutional investors own 45.76% of the company’s stock.

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.