Logitech International (NASDAQ:LOGI) Rating Increased to Outperform at Wedbush

Logitech International (NASDAQ:LOGI - Get Free Report) was upgraded by investment analysts at Wedbush from a "neutral" rating to an "outperform" rating in a research report issued on Friday, MarketBeat Ratings reports. The brokerage currently has a $125.00 price target on the technology company's stock, up from their prior price target of $100.00. Wedbush's price objective would indicate a potential upside of 35.59% from the stock's current price. 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.

LOGI has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Kepler Capital Markets upgraded shares of Logitech International from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. UBS Group raised shares of Logitech International from a "sell" rating to a "neutral" rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of Logitech International from $99.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Bank of America reaffirmed an "underperform" rating and issued a $90.00 target price (down previously from $105.00) on shares of Logitech International in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Logitech International presently has a consensus rating of "Hold" and an average target price of $101.50.

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Logitech International Trading Down 2.0 %

LOGI stock traded down $1.88 on Friday, hitting $92.19. 583,797 shares of the company's stock traded hands, compared to its average volume of 540,455. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 2.61 and a beta of 0.73. Logitech International has a 1-year low of $74.72 and a 1-year high of $105.65. The stock has a fifty day moving average of $94.81 and a 200-day moving average of $87.96.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. On average, equities research analysts anticipate that Logitech International will post 4.21 earnings per share for the current fiscal year.

Logitech International declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 5th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the technology company to buy up to 3.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Logitech International

In other news, insider Samantha Harnett sold 300 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.00. Following the transaction, the insider now owns 7,348 shares in the company, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.16% of the company's stock.

Institutional Investors Weigh In On Logitech International

A number of large investors have recently bought and sold shares of LOGI. Banque Transatlantique SA acquired a new stake in Logitech International in the 4th quarter worth approximately $26,000. Sierra Ocean LLC bought a new stake in Logitech International during the 4th quarter valued at approximately $27,000. Bessemer Group Inc. lifted its holdings in shares of Logitech International by 1,339.1% during the fourth quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock worth $27,000 after buying an additional 308 shares during the last quarter. Exane Asset Management bought a new position in Logitech International during the fourth quarter worth $32,000. Finally, Tower Research Capital LLC TRC grew its position in Logitech International by 975.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock worth $40,000 after purchasing an additional 439 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors.

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.