Loop Capital Cuts Logitech International (NASDAQ:LOGI) Price Target to $81.00

Logitech International (NASDAQ:LOGI) had its price objective cut by Loop Capital from $88.00 to $81.00 in a report released on Monday morning, Benzinga reports. They currently have a hold rating on the technology company’s stock.

A number of other equities research analysts have also issued reports on LOGI. Barclays reduced their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. reduced their target price on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $93.00.

Logitech International Trading Down 1.2 %

Shares of LOGI opened at $81.70 on Monday. 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 $12.92 billion, a P/E ratio of 18.20, a PEG ratio of 2.44 and a beta of 0.79. The company has a 50-day moving average of $86.70 and a two-hundred day moving average of $89.14.

Logitech International Increases Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were paid a dividend of $1.3687 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a yield of 1.4%. This is an increase from Logitech International’s previous annual dividend of $1.19. Logitech International’s dividend payout ratio (DPR) is currently 11.63%.

Insider Activity

In other news, Director Guy Gecht bought 2,500 shares of Logitech International stock in a transaction that occurred on Thursday, October 24th. The shares were purchased at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the acquisition, the director now owns 18,503 shares of the company’s stock, valued at $1,500,963.36. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Claro Advisors LLC raised its stake in shares of Logitech International by 6.2% in the 1st quarter. Claro Advisors LLC now owns 2,241 shares of the technology company’s stock valued at $200,000 after acquiring an additional 131 shares during the period. Azzad Asset Management Inc. ADV raised its position in Logitech International by 0.8% in the first quarter. Azzad Asset Management Inc. ADV now owns 37,008 shares of the technology company’s stock valued at $3,307,000 after purchasing an additional 303 shares during the period. Norden Group LLC acquired a new position in shares of Logitech International during the first quarter worth about $452,000. Commonwealth Equity Services LLC boosted its position in shares of Logitech International by 327.1% in the first quarter. Commonwealth Equity Services LLC now owns 34,764 shares of the technology company’s stock worth $3,107,000 after buying an additional 26,624 shares during the period. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Logitech International in the first quarter valued at about $658,000. 45.76% of the stock is owned by institutional investors and hedge funds.

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.