Logitech International (NASDAQ:LOGI) Price Target Cut to $81.00 by Analysts at Loop Capital

Logitech International (NASDAQ:LOGI - Free Report) had its target price cut by Loop Capital from $88.00 to $81.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a hold rating on the technology company's stock.

LOGI has been the subject of a number of other reports. Wedbush reiterated a "neutral" rating and set a $88.00 price objective on shares of Logitech International in a report on Wednesday, October 23rd. Barclays cut their price objective on shares of Logitech International from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Logitech International from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 22nd. Finally, 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 research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $93.00.

Logitech International Stock Performance

NASDAQ:LOGI traded up $3.01 on Monday, reaching $83.72. The company's stock had a trading volume of 637,023 shares, compared to its average volume of 492,969. The firm has a market cap of $13.24 billion, a PE ratio of 21.63, a PEG ratio of 2.44 and a beta of 0.79. The business's 50-day moving average price is $87.04 and its two-hundred day moving average price is $89.21. Logitech International has a 1-year low of $74.72 and a 1-year high of $102.59.

Logitech International Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were given a dividend of $1.3687 per share. This is a positive change from Logitech International's previous annual dividend of $1.19. This represents a yield of 1.4%. The ex-dividend date was Tuesday, September 24th. Logitech International's dividend payout ratio is 13.49%.

Insiders Place Their Bets

In related news, Director Guy Gecht acquired 2,500 shares of the firm's stock in a transaction on Thursday, October 24th. The shares were purchased at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the acquisition, the director now directly owns 18,503 shares in the company, valued at approximately $1,500,963.36. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.15% of the company's stock.

Hedge Funds Weigh In On Logitech International

Several institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Logitech International by 6.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company's stock valued at $200,000 after purchasing an additional 128 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of Logitech International by 5.8% in the third quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company's stock valued at $210,000 after acquiring an additional 128 shares in the last quarter. Claro Advisors LLC grew its stake in shares of Logitech International by 6.2% in the first quarter. Claro Advisors LLC now owns 2,241 shares of the technology company's stock valued at $200,000 after acquiring an additional 131 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in shares of Logitech International by 2.4% in the second quarter. First Citizens Bank & Trust Co. now owns 6,468 shares of the technology company's stock valued at $627,000 after acquiring an additional 153 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in shares of Logitech International by 0.3% in the second quarter. Public Sector Pension Investment Board now owns 65,450 shares of the technology company's stock valued at $6,331,000 after acquiring an additional 168 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

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.