Logitech International S.A. (NASDAQ:LOGI) Given Consensus Recommendation of “Hold” by Analysts

Shares of Logitech International S.A. (NASDAQ:LOGI) have been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $109.5714.

A number of brokerages recently weighed in on LOGI. Wedbush restated an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a report on Wednesday, May 6th. Bank of America lowered Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 target price for the company. in a report on Tuesday, June 30th. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Barclays lifted their price objective on Logitech International from $98.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Finally, Weiss Ratings raised Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd.

Logitech International Stock Performance

Shares of LOGI stock opened at $100.29 on Friday. Logitech International has a one year low of $83.32 and a one year high of $129.66. The company’s 50-day moving average is $106.29 and its 200 day moving average is $98.16. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 4.18 and a beta of 1.17.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Logitech International had a net margin of 14.69% and a return on equity of 34.09%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. As a group, research analysts predict that Logitech International will post 5.21 earnings per share for the current fiscal year.

Logitech International Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 22nd will be paid a $1.36 dividend. This represents a dividend yield of 126.0%. The ex-dividend date is Tuesday, September 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LOGI. Rockefeller Capital Management L.P. increased its position in shares of Logitech International by 15.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 861 shares of the technology company’s stock valued at $86,000 after purchasing an additional 114 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Logitech International by 0.7% in the third quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock worth $1,812,000 after buying an additional 120 shares during the last quarter. Signaturefd LLC grew its position in Logitech International by 2.0% during the fourth quarter. Signaturefd LLC now owns 6,167 shares of the technology company’s stock valued at $618,000 after buying an additional 122 shares during the period. Guggenheim Capital LLC increased its holdings in Logitech International by 1.3% during 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 during the last quarter. Finally, Corient Private Wealth LLC raised its position in Logitech International by 1.2% in the second quarter. Corient Private Wealth LLC now owns 10,775 shares of the technology company’s stock worth $971,000 after acquiring an additional 126 shares during the period. 45.76% of the stock is owned by hedge funds and other institutional investors.

About Logitech International

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.