Analysts Set Logitech International S.A. (NASDAQ:LOGI) PT at $93.14

Logitech International S.A. (NASDAQ:LOGI - Get Free Report) has received an average rating of "Hold" from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities 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 updated their coverage on the stock in the last year is $94.00.

A number of analysts have commented on the company. Barclays decreased their price objective on Logitech International from $105.00 to $103.00 and set an "overweight" rating for the company in a report on Wednesday. StockNews.com lowered Logitech International from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. cut their price objective on shares of Logitech International from $98.00 to $93.00 and set a "neutral" rating on the stock in a report on Wednesday. Loop Capital increased their target price on shares of Logitech International from $87.00 to $88.00 and gave the company a "hold" rating in a report on Wednesday, August 14th. Finally, Wedbush restated a "neutral" rating and set a $88.00 price target on shares of Logitech International in a report on Wednesday.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its stake in Logitech International by 86.4% in the first quarter. Russell Investments Group Ltd. now owns 552,038 shares of the technology company's stock valued at $49,349,000 after purchasing an additional 255,828 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Logitech International by 76.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 48,841 shares of the technology company's stock worth $4,373,000 after purchasing an additional 21,106 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Logitech International by 380.7% in the second quarter. Hsbc Holdings PLC now owns 122,926 shares of the technology company's stock valued at $11,883,000 after acquiring an additional 97,353 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Logitech International by 166.2% during 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 purchasing an additional 798,759 shares during the period. Finally, Toronto Dominion Bank grew its stake in shares of Logitech International by 2,085.3% in the second quarter. Toronto Dominion Bank now owns 63,439 shares of the technology company's stock worth $6,146,000 after purchasing an additional 60,536 shares during the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Logitech International Trading Down 4.2 %

Shares of LOGI traded down $3.55 during trading hours on Wednesday, reaching $80.44. The stock had a trading volume of 1,637,813 shares, compared to its average volume of 492,020. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 2.47 and a beta of 0.79. The firm has a 50-day simple moving average of $87.70 and a 200 day simple moving average of $89.37. Logitech International has a 12 month low of $74.00 and a 12 month high of $102.59.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its 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 net margin of 15.67% and a return on equity of 30.51%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.03 billion. On average, equities analysts forecast that Logitech International will post 3.96 EPS for the current year.

Logitech International Increases Dividend

The firm also recently declared 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 was Tuesday, September 24th. This represents a dividend yield of 1.4%. This is a positive change from Logitech International's previous annual dividend of $1.19. Logitech International's payout ratio is 13.49%.

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.