Brokerages Set Logitech International S.A. (NASDAQ:LOGI) PT at $107.86

Shares of Logitech International S.A. (NASDAQ:LOGIGet Free Report) have received a consensus recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $107.8571.

A number of brokerages recently commented on LOGI. Wall Street Zen cut Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Citigroup boosted their price target on Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. reduced their price target on Logitech International from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Weiss Ratings raised Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Finally, Morgan Stanley lowered their price objective on Logitech International from $89.00 to $88.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 8th.

Get Our Latest Stock Analysis on LOGI

Logitech International Trading Up 3.3%

Shares of LOGI stock opened at $106.33 on Tuesday. Logitech International has a 12 month low of $83.32 and a 12 month high of $129.66. The stock has a market cap of $15.59 billion, a P/E ratio of 19.51, a P/E/G ratio of 3.88 and a beta of 1.17. The company has a 50 day simple moving average of $105.28 and a two-hundred day simple moving average of $98.86.

Logitech International (NASDAQ:LOGIGet Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.59. Logitech International had a net margin of 16.28% and a return on equity of 37.30%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company posted $1.26 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts forecast that Logitech International will post 5.24 earnings per share for the current year.

Logitech International Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 22nd will be paid a dividend of $1.36 per share. The ex-dividend date is Tuesday, September 22nd. This represents a yield of 126.0%.

Hedge Funds Weigh In On Logitech International

A number of hedge funds have recently modified their holdings of LOGI. Vanguard Group Inc. raised its position in shares of Logitech International by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 6,682,756 shares of the technology company’s stock valued at $678,420,000 after purchasing an additional 75,256 shares during the period. Barclays PLC boosted its holdings in Logitech International by 16.0% in the 4th quarter. Barclays PLC now owns 3,275,064 shares of the technology company’s stock worth $328,227,000 after buying an additional 451,357 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Logitech International by 43.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,991,627 shares of the technology company’s stock worth $304,151,000 after buying an additional 906,807 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Logitech International by 2.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,802,403 shares of the technology company’s stock worth $288,430,000 after buying an additional 74,702 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Logitech International by 7.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,727,701 shares of the technology company’s stock worth $297,504,000 after buying an additional 191,828 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

About Logitech International

(Get Free Report)

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.

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Analyst Recommendations for Logitech International (NASDAQ:LOGI)

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