Logitech International SA (NASDAQ:LOGI) was the target of unusually large options trading on Monday. Stock investors purchased 3,421 call options on the company. This is an increase of approximately 1,936% compared to the typical daily volume of 168 call options.
NASDAQ:LOGI opened at $40.00 on Wednesday. The business’s 50-day moving average price is $40.84 and its two-hundred day moving average price is $39.71. Logitech International has a twelve month low of $29.06 and a twelve month high of $42.35. The stock has a market cap of $6.58 billion, a P/E ratio of 22.99, a PEG ratio of 2.31 and a beta of 1.28.
Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, October 21st. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. Logitech International had a return on equity of 25.67% and a net margin of 9.36%. During the same period in the previous year, the company posted $0.49 EPS. As a group, equities analysts expect that Logitech International will post 1.93 earnings per share for the current fiscal year.
In related news, CEO Bracken Darrell sold 4,101 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $39.97, for a total transaction of $163,916.97. Following the sale, the chief executive officer now owns 760,641 shares of the company’s stock, valued at approximately $30,402,820.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 72,025 shares of company stock worth $2,950,032 in the last three months. 1.70% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Logitech International by 86.1% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 804 shares of the technology company’s stock valued at $32,000 after acquiring an additional 372 shares in the last quarter. Whittier Trust Co. purchased a new stake in shares of Logitech International in the 3rd quarter valued at about $41,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Logitech International in the 2nd quarter valued at about $41,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Logitech International in the 2nd quarter valued at about $52,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Logitech International during the 2nd quarter valued at about $68,000. 34.20% of the stock is currently owned by hedge funds and other institutional investors.
LOGI has been the topic of a number of recent research reports. BidaskClub cut Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Maxim Group reissued a “hold” rating and set a $36.00 price objective on shares of Logitech International in a report on Wednesday, July 24th. Citigroup set a $46.00 price objective on Logitech International and gave the stock a “buy” rating in a report on Wednesday, July 3rd. ValuEngine raised Logitech International from a “sell” rating to a “hold” rating in a report on Friday, July 19th. Finally, Wedbush reissued a “buy” rating and set a $46.00 price objective on shares of Logitech International in a report on Tuesday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Logitech International has a consensus rating of “Buy” and an average target price of $45.33.
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 and Wi-Fi 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.
Featured Article: Bear Market – How and Why They Occur
Receive News & Ratings for Logitech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logitech International and related companies with MarketBeat.com's FREE daily email newsletter.