Logitech International (LOGI) Stock Price, News & Analysis

Company Overview

Logitech International S.A., 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. It sells its products to a network of distributors, retailers, and e-tailers who resell to retailers, value-added resellers, systems integrators, and other distributors. The company sells its products under the Logitech, Logitech G, and others. Logitech International S.A. was incorporated in 1981 and is headquartered in Lausanne, Switzerland.

Key Stats

• Today's Range: $80.94 to $82.18
• 50-Day Range: $77.08 to $91.81
• 52-Week Range: $74.72 to $102.59
• Volume: 410,104 shs
• Average Volume: 489,700 shs
• Market Capitalization: $12.93 billion
• P/E Ratio: 18.21
• Dividend Yield: 0.64%
• Price Target: $92.88
• Consensus Rating: Hold

Logitech International Stock Analysis - MarketRank™

Logitech International scored higher than 77% of companies evaluated by MarketBeat, and ranked 220th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Logitech International has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 6 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Logitech International has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.40%

Earnings Growth

Earnings for Logitech International are expected to grow by 4.40% in the coming year, from $4.09 to $4.27 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Logitech International is 18.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Logitech International is 18.21, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 238.11.

Price to Earnings Growth Ratio

Logitech International has a PEG Ratio of 1.94. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Logitech International has a P/B Ratio of 5.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.82% of the float of Logitech International has been sold short.

Short Interest Ratio / Days to Cover

Logitech International has a short interest ratio ("days to cover") of 8.6.

Change versus previous month

Short interest in Logitech International has recently increased by 6.68%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Logitech International pays a meaningful dividend of 1.67%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Logitech International has been increasing its dividend for 11 years.

Dividend Coverage

The dividend payout ratio of Logitech International is 11.63%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Logitech International will have a dividend payout ratio of 12.22% next year. This indicates that Logitech International will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.82% of the float of Logitech International has been sold short.

Short Interest Ratio / Days to Cover

Logitech International has a short interest ratio ("days to cover") of 8.6.

Change versus previous month

Short interest in Logitech International has recently increased by 6.68%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.44

News Sentiment

Logitech International has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Logitech International this week, compared to 8 articles on an average week.

Search Interest

Only 4 people have searched for LOGI on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

1 people have added Logitech International to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Logitech International insiders have bought 804.35% more of their company's stock than they have sold. Specifically, they have bought $202,800.00 in company stock and sold $22,425.00 in company stock.

Percentage Held by Insiders

Only 0.16% of the stock of Logitech International is held by insiders.

Percentage Held by Institutions

45.76% of the stock of Logitech International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LOGI Stock Analysis - Frequently Asked Questions

How have LOGI shares performed this year?

Logitech International's stock was trading at $95.06 at the beginning of the year. Since then, LOGI stock has decreased by 14.0% and is now trading at $81.77.
View the best growth stocks for 2024 here.

How were Logitech International's earnings last quarter?

Logitech International S.A. (NASDAQ:LOGI) issued its earnings results on Sunday, October, 24th. The technology company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by $0.09. The technology company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. Logitech International had a net margin of 15.65% and a trailing twelve-month return on equity of 30.68%.

How will Logitech International's stock buyback program work?

Logitech International's Board of Directors authorized a stock buyback plan on Wednesday, June 21st 2023, which authorizes the company to repurchase $1,000,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 10.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its stock is undervalued.

Does Logitech International have any subsidiaries?

The following companies are subsidiaries of Logitech International: Mevo Inc., Streamlabs, BLUE Microphones, Beyond Entertainment, JayBird, Upicto, TT Design Labs, and others.

Who are Logitech International's major shareholders?

Top institutional shareholders of Logitech International include Barclays PLC (3.18%), UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (2.57%), Vontobel Holding Ltd. (2.30%) and Zurcher Kantonalbank Zurich Cantonalbank (1.55%). Insiders that own company stock include Prakash Arunkundrum, Guy Gecht, Patrick Aebischer, Samantha Harnett and Charles D Boynton.
View institutional ownership trends.

How do I buy shares of Logitech International?

Shares of LOGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Logitech International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Logitech International investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Advanced Micro Devices (AMD), CrowdStrike (CRWD) and Arista Networks (ANET).

Company Calendar

• Last Earnings: 10/24/2021
• Ex-Dividend for 9/25 Dividend: 9/24/2024
• Dividend Payable: 9/25/2024
• Today: 12/21/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Computer peripheral equipment, not elsewhere classified
• Sub-Industry: Computer Hardware
• Current Symbol: NASDAQ:LOGI
• CUSIP: N/A
• CIK: 1032975
• Web: www.logitech.com
• Phone: (121) 863-5511
• Fax: 41-0-21-863-5512
• Employees: 2,700
• Year Founded: 1981

Price Target and Rating

• Average Stock Price Target: $92.88
• High Stock Price Target: $111.00
• Low Stock Price Target: $75.00
• Potential Upside/Downside: +13.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.49
• Trailing P/E Ratio: 18.21
• Forward P/E Ratio: 19.99
• P/E Growth: 1.94
• Net Income: $612.14 million
• Net Margins: 15.65%
• Pretax Margin: 16.16%
• Return on Equity: 30.68%
• Return on Assets: 18.47%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.21
• Quick Ratio: 1.78

Sales & Book Value

• Annual Sales: $4.47 billion
• Price / Sales: 2.89
• Cash Flow: $4.23 per share
• Price / Cash Flow: 19.33
• Book Value: $14.12 per share
• Price / Book: 5.79

Miscellaneous

• Outstanding Shares: 158,147,000
• Free Float: 157,894,000
• Market Cap: $12.93 billion
• Optionable: Optionable
• Beta: 0.78