Logitech International (NASDAQ:LOGI) Price Target Cut to $103.00 by Analysts at Barclays

Logitech International (NASDAQ:LOGI) had its price target trimmed by Barclays from $105.00 to $103.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the company. Loop Capital raised their price target on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. StockNews.com cut shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, Wedbush reissued a “neutral” rating and set a $88.00 price objective on shares of Logitech International in a research note on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $94.00.

Logitech International Price Performance

Shares of NASDAQ:LOGI opened at $80.71 on Wednesday. Logitech International has a 12 month low of $74.72 and a 12 month high of $102.59. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.44 and a beta of 0.79. The business’s 50 day simple moving average is $87.19 and its 200-day simple moving average is $89.21.

Logitech International Increases Dividend

The firm also recently announced 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. The ex-dividend date was Tuesday, September 24th. This is an increase from Logitech International’s previous annual dividend of $1.19. This represents a yield of 1.4%. Logitech International’s dividend payout ratio is 13.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new position in Logitech International during the second quarter worth approximately $35,000. Employees Retirement System of Texas purchased a new position in shares of Logitech International in the 2nd quarter worth $63,000. Benjamin F. Edwards & Company Inc. grew its position in Logitech International by 139.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after acquiring an additional 495 shares during the period. Blue Trust Inc. increased its stake in Logitech International by 2,036.8% during the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock worth $130,000 after acquiring an additional 1,385 shares during the last quarter. Finally, Syquant Capital Sas purchased a new position in shares of Logitech International in the 2nd quarter worth about $184,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

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.