Wedbush Upgrades Logitech International (NASDAQ:LOGI) to “Outperform”

Wedbush upgraded shares of Logitech International (NASDAQ:LOGI) from a neutral rating to an outperform rating in a research note released on Friday, Marketbeat Ratings reports. They currently have $125.00 price target on the technology company’s stock, up from their previous price target of $100.00. Wedbush also issued estimates for Logitech International’s Q3 2026 earnings at $1.38 EPS, FY2026 earnings at $4.35 EPS and FY2027 earnings at $5.12 EPS.

A number of other equities analysts have also recently issued reports on LOGI. Kepler Capital Markets upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Bank of America reissued an “underperform” rating and issued a $90.00 target price (down previously from $105.00) on shares of Logitech International in a research report on Friday, February 28th. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Finally, Barclays boosted their target price on Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $101.50.

Logitech International Price Performance

Shares of Logitech International stock opened at $97.67 on Friday. The stock has a market cap of $15.45 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 2.61 and a beta of 0.73. The firm’s 50-day moving average is $94.58 and its 200 day moving average is $87.94. Logitech International has a 1 year low of $74.72 and a 1 year high of $105.65.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. On average, equities analysts expect that Logitech International will post 4.21 EPS for the current fiscal year.

Logitech International announced that its board has approved a stock buyback plan on Wednesday, March 5th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the technology company to buy up to 3.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, insider Samantha Harnett sold 300 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of the sale, the insider now owns 7,348 shares of the company’s stock, valued at $709,816.80. This represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Logitech International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Employees Retirement System of Texas raised its position in Logitech International by 89.2% in the 4th quarter. Employees Retirement System of Texas now owns 1,232 shares of the technology company’s stock worth $101,000 after purchasing an additional 581 shares during the period. Azzad Asset Management Inc. ADV raised its position in Logitech International by 2.7% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 32,188 shares of the technology company’s stock worth $2,651,000 after purchasing an additional 834 shares during the period. Mackenzie Financial Corp raised its position in Logitech International by 40.1% in the 4th quarter. Mackenzie Financial Corp now owns 36,618 shares of the technology company’s stock worth $3,015,000 after purchasing an additional 10,474 shares during the period. Public Employees Retirement System of Ohio raised its position in Logitech International by 1.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 179,734 shares of the technology company’s stock worth $14,883,000 after purchasing an additional 2,362 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in Logitech International in the 4th quarter worth about $213,000. 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.