Logitech International (NASDAQ:LOGI) Shares Gap Down - Should You Sell?

Shares of Logitech International S.A. (NASDAQ:LOGI - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $91.81, but opened at $82.34. Logitech International shares last traded at $82.49, with a volume of 1,291,245 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on LOGI. StockNews.com lowered shares of Logitech International from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 22nd. Loop Capital raised their price target on shares of Logitech International from $87.00 to $88.00 and gave the company a "hold" rating in a research note on Wednesday, August 14th. Barclays boosted their price objective on Logitech International from $98.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Finally, Wedbush restated a "neutral" rating and issued a $88.00 target price on shares of Logitech International in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $93.14.

Logitech International Price Performance

The business has a fifty day moving average of $87.78 and a 200-day moving average of $89.40. The stock has a market capitalization of $13.28 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.47 and a beta of 0.79.

Logitech International (NASDAQ:LOGI - Get Free Report) last announced its quarterly earnings data on Monday, July 22nd. The technology company reported $0.98 earnings per share (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 for the quarter, compared to analysts' expectations of $1.03 billion. As a group, research analysts anticipate that Logitech International S.A. 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. Shareholders of record on Tuesday, September 24th were given a $1.3687 dividend. This is a positive change from Logitech International's previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th. This represents a yield of 1.4%. Logitech International's payout ratio is 13.49%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of Logitech International in the 2nd quarter worth $35,000. Mather Group LLC. acquired a new stake in Logitech International during the 1st quarter worth about $42,000. Employees Retirement System of Texas acquired a new stake in Logitech International during the 2nd quarter worth about $63,000. Benjamin F. Edwards & Company Inc. lifted its stake in Logitech International by 139.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company's stock valued at $82,000 after buying an additional 495 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Logitech International by 2,036.8% in the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company's stock worth $130,000 after buying an additional 1,385 shares during the period. Institutional investors own 45.76% of the company's stock.

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.