Logitech International (NASDAQ:LOGI) Price Target Cut to $93.00 by Analysts at JPMorgan Chase & Co.

Logitech International (NASDAQ:LOGI) had its price objective reduced by JPMorgan Chase & Co. from $98.00 to $93.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on LOGI. Loop Capital boosted 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 downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Wedbush restated a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research note on Wednesday. Finally, Barclays decreased their price target on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $94.00.

Logitech International Price Performance

Shares of NASDAQ: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 stock has a market cap of $12.76 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.44 and a beta of 0.79. The firm has a fifty day moving average price of $87.19 and a 200 day moving average price of $89.21.

Logitech International Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were paid a $1.3687 dividend. 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 dividend yield of 1.4%. Logitech International’s payout ratio is 13.49%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in shares of Logitech International by 354.9% during the 4th quarter. Wellington Management Group LLP now owns 43,250 shares of the technology company’s stock worth $4,099,000 after purchasing an additional 33,742 shares during the period. Park Avenue Securities LLC acquired a new position in Logitech International during the first quarter worth about $680,000. Capital Insight Partners LLC increased its holdings in Logitech International by 8.9% in 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 in the last quarter. Claro Advisors LLC lifted its position in shares of Logitech International by 6.2% during the 1st quarter. Claro Advisors LLC now owns 2,241 shares of the technology company’s stock valued at $200,000 after acquiring an additional 131 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its stake in shares of Logitech International by 0.8% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 37,008 shares of the technology company’s stock worth $3,307,000 after acquiring an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

About Logitech International

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.