Logitech International (NASDAQ:LOGI) Upgraded at Wedbush

Wedbush upgraded shares of Logitech International (NASDAQ:LOGI) from a neutral rating to an outperform rating in a research note issued to investors on Friday, Marketbeat reports. They currently have $125.00 price objective on the technology company’s stock, up from their prior price objective of $100.00. Wedbush also issued estimates for Logitech International’s Q3 2026 earnings at $1.38 EPS, FY2026 earnings at $4.35 EPS and FY2027 earnings at $5.12 EPS.

Other research analysts also recently issued reports about the stock. Bank of America reissued an “underperform” rating and set a $90.00 price target (down from $105.00) on shares of Logitech International in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. StockNews.com downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on shares of Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Barclays lifted their target price on shares of Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Logitech International currently has an average rating of “Hold” and a consensus price target of $101.50.

Logitech International Price Performance

Shares of Logitech International stock opened at $97.67 on Friday. Logitech International has a 1 year low of $74.72 and a 1 year high of $105.65. The firm has a market cap of $15.45 billion, a PE ratio of 22.93, a PEG ratio of 2.61 and a beta of 0.73. The company has a 50 day simple moving average of $94.58 and a two-hundred day simple moving average of $87.94.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. As a group, research analysts anticipate that Logitech International will post 4.21 earnings per share for the current year.

Logitech International announced that its board has authorized a stock repurchase plan on Wednesday, March 5th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Logitech International

In related news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the sale, the insider now owns 7,348 shares in the company, valued at $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Institutional Trading of Logitech International

Large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its holdings in shares of Logitech International by 4,876.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock valued at $13,798,000 after buying an additional 164,185 shares in the last quarter. SpiderRock Advisors LLC bought a new stake in shares of Logitech International during the 3rd quarter valued at $1,431,000. Assetmark Inc. boosted its holdings in shares of Logitech International by 6,766.2% during the 3rd quarter. Assetmark Inc. now owns 49,231 shares of the technology company’s stock valued at $4,418,000 after buying an additional 48,514 shares in the last quarter. Summit Global Investments bought a new stake in shares of Logitech International during the 3rd quarter valued at $1,299,000. Finally, Strengthening Families & Communities LLC boosted its holdings in shares of Logitech International by 9.2% during the 3rd quarter. Strengthening Families & Communities LLC now owns 4,498 shares of the technology company’s stock valued at $404,000 after buying an additional 378 shares in the last quarter. Institutional investors 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.