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: $78.69 to $79.71
• 50-Day Range: $77.08 to $91.81
• 52-Week Range: $74.72 to $102.59
• Volume: 404,338 shs
• Average Volume: 499,239 shs
• Market Capitalization: $12.56 billion
• P/E Ratio: 17.68
• Dividend Yield: N/A
• Price Target: $93.00
• Consensus Rating: Hold

Logitech International Stock Analysis - MarketRank™

Logitech International scored higher than 82% of companies evaluated by MarketBeat, and ranked 182nd out of 650 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, 5 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Logitech International has been the subject of 5 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 17.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.53.

Price to Earnings Ratio vs. Sector

The P/E ratio of Logitech International is 17.68, 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 263.61.

Price to Earnings Growth Ratio

Logitech International has a PEG Ratio of 1.77. 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 5.95. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.39% 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.

Change versus previous month

Short interest in Logitech International has recently decreased by 16.00%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: N/A

Dividend Yield

Logitech International does not currently pay a dividend.

Dividend Growth

Logitech International has been increasing its dividend for 11 years.

Dividend Sustainability

Based on earnings estimates, Logitech International will have a dividend payout ratio of 32.32% 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

3.39% 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.

Change versus previous month

Short interest in Logitech International has recently decreased by 16.00%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.87

News Sentiment

Logitech International has a news sentiment score of 0.87. 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 higher news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Logitech International this week, compared to 8 articles on an average week.

Search Interest

12 people have searched for LOGI on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 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 more of their company's stock than they have sold. Specifically, they have bought $202,800.00 in company stock and sold $0.00 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 on January 1st, 2024. Since then, LOGI stock has decreased by 16.5% and is now trading at $79.3999.
View the best growth stocks for 2024 here.

How were Logitech International's earnings last quarter?

Logitech International S.A. (NASDAQ:LOGI) announced its earnings results on Sunday, October, 24th. The technology company reported $1.05 earnings per share 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 analyst estimates of $1.28 billion. Logitech International had a trailing twelve-month return on equity of 30.68% and a net margin of 15.65%.

How will Logitech International's stock buyback program work?

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

Does Logitech International have any subsidiaries?

Logitech International subsidiaries include these companies: Mevo Inc., Streamlabs, BLUE Microphones, Beyond Entertainment, JayBird, Upicto, TT Design Labs, and more.

Who are Logitech International's major shareholders?

Logitech International's top institutional investors 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: 11/21/2024
• Next Earnings (Estimated): 1/27/2025
• 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: $93.00
• High Stock Price Target: $111.00
• Low Stock Price Target: $75.00
• Potential Upside/Downside: +17.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.49
• Trailing P/E Ratio: 17.70
• Forward P/E Ratio: 19.43
• P/E Growth: 1.77
• 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: $4.30 billion
• Price / Sales: 2.92
• Cash Flow: $4.49 per share
• Price / Cash Flow: 17.72
• Book Value: $13.35 per share
• Price / Book: 5.95

Miscellaneous

• Outstanding Shares: 158,150,000
• Free Float: 157,894,000
• Market Cap: $12.57 billion
• Optionable: Optionable
• Beta: 0.81