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

Shares of Logitech International S.A. (NASDAQ:LOGI) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $93.00.

Several brokerages recently weighed in on LOGI. JPMorgan Chase & Co. decreased their price target on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Barclays lowered their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note 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. 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. Finally, Loop Capital cut their target price on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, October 28th.

Insider Activity

In other Logitech International news, Director Guy Gecht bought 2,500 shares of Logitech International stock in a transaction dated Thursday, October 24th. The stock was acquired at an average cost of $81.12 per share, with a total value of $202,800.00. Following the completion of the acquisition, the director now owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This represents a 15.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new position in Logitech International during the 2nd quarter worth $35,000. Employees Retirement System of Texas purchased a new position in Logitech International during the second quarter worth about $63,000. Benjamin F. Edwards & Company Inc. lifted its position in Logitech International by 139.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after purchasing an additional 495 shares during the period. Transamerica Financial Advisors Inc. boosted its holdings in Logitech International by 115,300.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Logitech International by 2,036.8% in the 2nd quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock valued at $130,000 after purchasing an additional 1,385 shares in the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Logitech International Price Performance

LOGI stock opened at $77.60 on Friday. Logitech International has a 1 year low of $74.72 and a 1 year high of $102.59. The firm has a market capitalization of $12.27 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.75 and a beta of 0.81. The business’s 50-day moving average is $84.44 and its two-hundred day moving average is $89.23.

Logitech International Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were paid a $1.3687 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a yield of 1.4%. This is a boost from Logitech International’s previous annual dividend of $1.19. Logitech International’s payout ratio is currently 11.63%.

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.