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

Logitech International S.A. (NASDAQ:LOGI) has received an average recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $93.14.

Several equities analysts have recently weighed in on the company. Loop Capital boosted their target price on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Wedbush restated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a report on Tuesday, July 16th. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Finally, Barclays raised their price objective on shares of Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th.

Logitech International Stock Up 0.1 %

LOGI stock opened at $85.66 on Friday. The company has a fifty day simple moving average of $87.77 and a two-hundred day simple moving average of $89.62. Logitech International has a 52 week low of $67.82 and a 52 week high of $102.59. The firm has a market capitalization of $13.55 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.52 and a beta of 0.79.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, July 22nd. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.78 by $0.20. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.03 billion. As a group, analysts anticipate that Logitech International will post 3.96 EPS for the current year.

Logitech International Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were given a $1.3687 dividend. This represents a yield of 1.4%. This is a boost from Logitech International’s previous annual dividend of $1.19. The ex-dividend date of this dividend was Tuesday, September 24th. Logitech International’s payout ratio is 13.49%.

Hedge Funds Weigh In On Logitech International

A number of institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC increased its position in Logitech International by 32.7% during the 1st quarter. Acadian Asset Management LLC now owns 6,207,484 shares of the technology company’s stock valued at $556,523,000 after purchasing an additional 1,527,984 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Logitech International by 166.2% in the second quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock worth $123,759,000 after acquiring an additional 798,759 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Logitech International by 20.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,837,505 shares of the technology company’s stock worth $174,162,000 after acquiring an additional 306,948 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Logitech International by 86.4% during the first quarter. Russell Investments Group Ltd. now owns 552,038 shares of the technology company’s stock valued at $49,349,000 after acquiring an additional 255,828 shares in the last quarter. Finally, Susquehanna International Securities Ltd. purchased a new position in shares of Logitech International in the 1st quarter valued at approximately $15,091,000. 45.76% of the stock is owned by hedge funds and other institutional investors.

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.