Analysts Set Logitech International S.A. (NASDAQ:LOGI) Price Target at $106.00

Shares of Logitech International S.A. (NASDAQ:LOGI) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $106.00.

LOGI has been the topic of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Logitech International in a report on Wednesday, October 8th. BNP Paribas Exane raised shares of Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 price objective on the stock in a research note on Tuesday, August 5th. Zacks Research upgraded shares of Logitech International from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Barclays lifted their target price on shares of Logitech International from $107.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Wedbush upped their price target on Logitech International from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd.

Logitech International Stock Performance

Logitech International stock opened at $112.70 on Thursday. Logitech International has a fifty-two week low of $64.73 and a fifty-two week high of $123.01. The stock’s 50 day simple moving average is $112.65 and its two-hundred day simple moving average is $100.81. The stock has a market cap of $17.82 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 4.25 and a beta of 1.05.

Logitech International (NASDAQ:LOGI) last released its earnings results on Tuesday, October 28th. The technology company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.23. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Logitech International had a return on equity of 32.01% and a net margin of 14.11%.The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. Logitech International has set its Q3 2026 guidance at EPS. On average, analysts predict that Logitech International will post 4.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Prakash Arunkundrum sold 5,000 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $111.03, for a total transaction of $555,150.00. Following the sale, the insider directly owned 62,437 shares of the company’s stock, valued at approximately $6,932,380.11. This represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Neela Montgomery sold 5,833 shares of Logitech International stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $120.61, for a total transaction of $703,518.13. Following the completion of the transaction, the director directly owned 12,781 shares of the company’s stock, valued at $1,541,516.41. This trade represents a 31.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 20,733 shares of company stock worth $2,298,168. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Logitech International

A number of hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in Logitech International during the 2nd quarter valued at $27,000. Quarry LP bought a new position in shares of Logitech International during the third quarter valued at $30,000. Mather Group LLC. purchased a new stake in shares of Logitech International during the third quarter valued at $34,000. Westerkirk Capital Inc. bought a new stake in Logitech International in the 2nd quarter worth about $36,000. Finally, Richardson Financial Services Inc. raised its position in Logitech International by 63.7% in the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock worth $36,000 after buying an additional 128 shares during the last quarter. 45.76% of the stock is currently 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.