Logitech International S.A. (NASDAQ:LOGI) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Logitech International S.A. (NASDAQ:LOGI - Get Free Report) have been assigned a consensus rating of "Hold" from the eight analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $93.00.

Several research firms have recently commented on LOGI. Loop Capital lowered their price objective on shares of Logitech International from $88.00 to $81.00 and set a "hold" rating for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. dropped their price target on Logitech International from $98.00 to $93.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Wedbush restated a "neutral" rating and issued a $88.00 price objective on shares of Logitech International in a research note on Wednesday, October 23rd. Barclays dropped their target price on Logitech International from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Logitech International from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 22nd.

Logitech International Stock Performance

NASDAQ:LOGI traded down $0.64 during mid-day trading on Friday, hitting $77.60. 331,493 shares of the company's stock traded hands, compared to its average volume of 893,657. Logitech International has a twelve month low of $74.72 and a twelve month high of $102.59. The company has a market capitalization of $12.27 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.77 and a beta of 0.81. The company has a fifty day moving average of $84.44 and a 200 day moving average of $89.30.

Logitech International Increases Dividend

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

Insider Activity at Logitech International

In other news, Director Guy Gecht purchased 2,500 shares of Logitech International stock in a transaction dated Thursday, October 24th. The shares were purchased at an average price of $81.12 per share, with a total value of $202,800.00. Following the transaction, the director now owns 18,503 shares in the company, valued at $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 available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Logitech International by 76.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 48,841 shares of the technology company's stock worth $4,373,000 after buying an additional 21,106 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Logitech International by 380.7% during the 2nd quarter. Hsbc Holdings PLC now owns 122,926 shares of the technology company's stock worth $11,883,000 after purchasing an additional 97,353 shares during the period. Assenagon Asset Management S.A. boosted its stake in Logitech International by 166.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company's stock worth $123,759,000 after buying an additional 798,759 shares during the last quarter. Toronto Dominion Bank grew its holdings in Logitech International by 2,085.3% in the second quarter. Toronto Dominion Bank now owns 63,439 shares of the technology company's stock valued at $6,146,000 after purchasing an additional 60,536 shares during the period. Finally, SpiderRock Advisors LLC purchased a new position in shares of Logitech International in the 3rd quarter worth $1,431,000. 45.76% of the stock is owned by institutional investors and hedge funds.

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.