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

Shares of Logitech International S.A. (NASDAQ:LOGI) have earned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $94.00.

LOGI has been the topic of several research reports. Wedbush reaffirmed a “neutral” rating and set a $88.00 price objective on shares of Logitech International in a research report on Wednesday, October 23rd. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Barclays lowered their price objective on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Loop Capital lifted their price target on shares of Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Logitech International by 354.9% during the fourth quarter. Wellington Management Group LLP now owns 43,250 shares of the technology company’s stock valued at $4,099,000 after acquiring an additional 33,742 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Logitech International by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 6,159,041 shares of the technology company’s stock worth $585,478,000 after purchasing an additional 84,179 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Logitech International in the first quarter worth $42,000. Park Avenue Securities LLC bought a new position in shares of Logitech International during the first quarter valued at $680,000. Finally, Capital Insight Partners LLC boosted its position in shares of Logitech International by 8.9% during the first quarter. Capital Insight Partners LLC now owns 44,874 shares of the technology company’s stock valued at $4,010,000 after buying an additional 3,685 shares during the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Trading Down 0.3 %

Shares of LOGI opened at $80.71 on Wednesday. Logitech International has a 1-year low of $74.72 and a 1-year high of $102.59. The firm’s 50-day moving average price is $87.19 and its 200-day moving average price is $89.23. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.44 and a beta of 0.79.

Logitech International Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were given a dividend of $1.3687 per share. This represents a yield of 1.4%. This is an increase from Logitech International’s previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th. Logitech International’s dividend payout ratio is 13.49%.

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.