Logitech International SA (NASDAQ:LOGI) shares reached a new 52-week high and low during trading on Thursday . The stock traded as low as $46.07 and last traded at $45.85, with a volume of 20277 shares traded. The stock had previously closed at $45.54.
Several research analysts have recently commented on the company. BidaskClub upgraded Logitech International from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 8th. ValuEngine upgraded Logitech International from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. DA Davidson assumed coverage on Logitech International in a research report on Thursday, March 15th. They set a “buy” rating and a $46.00 price target for the company. Finally, Zacks Investment Research upgraded Logitech International from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research report on Wednesday, May 16th. One investment analyst has rated the stock with a sell rating, four have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.60.
The firm has a market cap of $7.35 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 4.91 and a beta of 0.93.
Logitech International (NASDAQ:LOGI) last released its earnings results on Wednesday, May 2nd. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.14. The firm had revenue of $592.43 million during the quarter, compared to analyst estimates of $563.68 million. Logitech International had a return on equity of 24.12% and a net margin of 8.16%. equities analysts predict that Logitech International SA will post 1.14 earnings per share for the current fiscal year.
In related news, CFO Vincent Pilette sold 115,000 shares of Logitech International stock in a transaction on Friday, May 4th. The stock was sold at an average price of $39.61, for a total value of $4,555,150.00. Following the completion of the transaction, the chief financial officer now directly owns 302,019 shares in the company, valued at $11,962,972.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marcel Stolk sold 60,381 shares of Logitech International stock in a transaction on Monday, May 7th. The shares were sold at an average price of $40.08, for a total value of $2,420,070.48. Following the completion of the transaction, the insider now owns 70,928 shares of the company’s stock, valued at $2,842,794.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 355,101 shares of company stock valued at $14,088,538. 2.20% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. purchased a new position in Logitech International in the first quarter valued at $134,000. Financial Gravity Companies Inc. purchased a new position in Logitech International in the fourth quarter valued at $138,000. Financial Gravity Wealth Inc. purchased a new position in Logitech International in the first quarter valued at $144,000. Millennium Management LLC purchased a new position in Logitech International in the first quarter valued at $207,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in Logitech International in the first quarter valued at $310,000. Hedge funds and other institutional investors own 32.22% of the company’s stock.
Logitech International Company Profile
Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.
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