Logitech International S.A. (NASDAQ:LOGI) Receives $93.00 Average Target Price from Brokerages

Shares of Logitech International S.A. (NASDAQ:LOGI) have been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $93.00.

Several equities analysts have recently issued reports on LOGI shares. JPMorgan Chase & Co. lowered their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Barclays decreased their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Loop Capital cut their price target on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Finally, Wedbush restated a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a report on Wednesday, October 23rd.

Logitech International Stock Down 0.7 %

LOGI stock opened at $77.93 on Friday. The business has a 50 day moving average of $84.17 and a 200 day moving average of $89.25. The firm has a market cap of $12.32 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.81. Logitech International has a twelve month low of $74.72 and a twelve month high of $102.59.

Logitech International Increases Dividend

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

Insider Buying and Selling at Logitech International

In other news, Director Guy Gecht bought 2,500 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were acquired at an average cost of $81.12 per share, with a total value of $202,800.00. Following the completion of the transaction, the director now owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Logitech International

Institutional investors have recently made changes to their positions in the business. Barclays PLC raised its position in Logitech International by 64.2% in the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after acquiring an additional 1,967,133 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Logitech International in the 3rd quarter worth $15,891,000. Y Intercept Hong Kong Ltd bought a new position in Logitech International in the 3rd quarter worth $421,000. MML Investors Services LLC lifted its position in Logitech International by 16.3% during the third quarter. MML Investors Services LLC now owns 2,935 shares of the technology company’s stock valued at $263,000 after purchasing an additional 411 shares in the last quarter. Finally, Dorsey Wright & Associates grew its holdings in Logitech International by 13.0% during the third quarter. Dorsey Wright & Associates now owns 31,249 shares of the technology company’s stock valued at $2,804,000 after purchasing an additional 3,583 shares during the period. Institutional investors own 45.76% of the company’s stock.

About Logitech International

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.