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

Logitech International S.A. (NASDAQ:LOGI) has been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $93.14.

LOGI has been the topic of several research analyst reports. Barclays increased their price target on Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Loop Capital raised their target price on Logitech International from $87.00 to $88.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a report on Tuesday, July 16th.

Institutional Investors Weigh In On Logitech International

Institutional investors and hedge funds have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new stake in Logitech International during the second quarter valued at about $35,000. Mather Group LLC. bought a new stake in Logitech International during the first quarter valued at about $42,000. Employees Retirement System of Texas bought a new stake in Logitech International during the second quarter valued at about $63,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Logitech International by 139.4% in the second 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. increased its holdings in shares of Logitech International by 2,036.8% in the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock worth $130,000 after purchasing an additional 1,385 shares during the last quarter. 45.76% of the stock is owned by institutional investors.

Logitech International Price Performance

NASDAQ LOGI opened at $89.09 on Friday. The business’s fifty day moving average price is $87.97 and its 200-day moving average price is $89.80. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 2.52 and a beta of 0.79. Logitech International has a 1-year low of $67.72 and a 1-year high of $102.59.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, July 22nd. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.20. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. Equities research analysts anticipate that Logitech International will post 3.96 EPS for the current year.

Logitech International Increases Dividend

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

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.