Logitech International S.A. (NASDAQ:LOGI) Given Average Rating of “Hold” by Brokerages

Logitech International S.A. (NASDAQ:LOGI) has received a consensus rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $93.00.

LOGI has been the subject of several recent research reports. Wedbush restated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research report on Wednesday, October 23rd. Loop Capital reduced their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. lowered their target price on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Barclays reduced their price target on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Finally, UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday.

Logitech International Stock Performance

NASDAQ LOGI opened at $79.40 on Friday. Logitech International has a one year low of $74.72 and a one year high of $102.59. The stock has a 50-day moving average of $83.93 and a 200 day moving average of $89.11. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.77 and a beta of 0.81.

Logitech International Increases Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were paid a $1.3687 dividend. The ex-dividend date was Tuesday, September 24th. This represents a yield of 1.4%. This is a boost from Logitech International’s previous annual dividend of $1.19.

Insider Activity at Logitech International

In other news, Director Guy Gecht bought 2,500 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the acquisition, the director now directly owns 18,503 shares of the company’s stock, valued at $1,500,963.36. This trade represents a 15.62 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Logitech International

Several large investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new stake in Logitech International during the 2nd quarter worth $35,000. Employees Retirement System of Texas acquired a new stake in Logitech International in the 2nd quarter worth about $63,000. Benjamin F. Edwards & Company Inc. increased its holdings 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 buying an additional 495 shares during the last quarter. Transamerica Financial Advisors Inc. raised its holdings in Logitech International by 115,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after buying an additional 1,153 shares during the period. Finally, Blue Trust Inc. increased 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 purchasing an additional 1,385 shares in the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

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.