Logitech International S.A. (NASDAQ:LOGI) Receives $113.67 Consensus PT from Analysts

Logitech International S.A. (NASDAQ:LOGI) has been given an average rating of “Hold” by the nine brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $113.6667.

A number of equities analysts recently commented on LOGI shares. Citigroup lifted their price target on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. UBS Group downgraded shares of Logitech International from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 17th. Weiss Ratings upgraded shares of Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Barclays raised their price objective on shares of Logitech International from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Wedbush restated an “outperform” rating and set a $135.00 price objective on shares of Logitech International in a research report on Wednesday, May 6th.

Institutional Investors Weigh In On Logitech International

A number of hedge funds and other institutional investors have recently made changes to their positions in LOGI. AQR Capital Management LLC raised its position in shares of Logitech International by 61.2% in the first quarter. AQR Capital Management LLC now owns 4,175 shares of the technology company’s stock valued at $352,000 after buying an additional 1,585 shares in the last quarter. Rhumbline Advisers raised its position in shares of Logitech International by 3.3% in the second quarter. Rhumbline Advisers now owns 4,732 shares of the technology company’s stock valued at $426,000 after buying an additional 152 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Logitech International by 40.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after buying an additional 165 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Logitech International by 13.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,779 shares of the technology company’s stock valued at $160,000 after buying an additional 206 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of Logitech International by 1.3% in the second quarter. Guggenheim Capital LLC now owns 10,182 shares of the technology company’s stock valued at $918,000 after buying an additional 126 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Stock Performance

Logitech International stock opened at $107.64 on Monday. Logitech International has a 52 week low of $83.32 and a 52 week high of $129.66. The stock has a market capitalization of $15.78 billion, a P/E ratio of 22.43, a PEG ratio of 2.74 and a beta of 1.13. The stock has a 50-day simple moving average of $105.72 and a 200 day simple moving average of $99.94.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the company posted $0.93 earnings per share. Logitech International’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts forecast that Logitech International will post 5.16 earnings per share for the current year.

Logitech International Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 22nd will be given a dividend of $1.36 per share. The ex-dividend date is Tuesday, September 22nd. This represents a yield of 126.0%.

Logitech International Company Profile

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.