Logitech International S.A. (NASDAQ:LOGI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Logitech International S.A. (NASDAQ:LOGI) have received a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $97.00.

LOGI has been the topic of a number of research reports. BNP Paribas upgraded Logitech International from a “hold” rating to a “strong-buy” rating and boosted their price objective for the company from $100.00 to $109.00 in a research note on Tuesday, August 5th. BNP Paribas Exane upgraded shares of Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a research report on Tuesday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Logitech International from $80.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Morgan Stanley upped their price target on Logitech International from $74.00 to $78.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Citigroup upped their price target on Logitech International from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, July 11th.

Logitech International Stock Down 0.4%

Logitech International stock opened at $111.83 on Friday. The business has a 50 day moving average of $99.79 and a 200-day moving average of $89.49. Logitech International has a 1 year low of $64.73 and a 1 year high of $112.91.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Tuesday, July 29th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.18. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. Logitech International had a net margin of 13.78% and a return on equity of 30.81%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.13 EPS. Logitech International has set its Q2 2026 guidance at EPS. On average, sell-side analysts anticipate that Logitech International will post 4.21 EPS for the current year.

Insider Activity

In other news, insider Prakash Arunkundrum sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $111.03, for a total transaction of $555,150.00. Following the sale, the insider directly owned 62,437 shares in the company, valued at approximately $6,932,380.11. This represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Logitech International

Several hedge funds and other institutional investors have recently modified their holdings of LOGI. Northern Trust Corp lifted its position in shares of Logitech International by 53.5% during the fourth quarter. Northern Trust Corp now owns 115,330 shares of the technology company’s stock worth $9,497,000 after purchasing an additional 40,213 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Logitech International by 5.0% during the fourth quarter. Cetera Investment Advisers now owns 18,241 shares of the technology company’s stock worth $1,502,000 after buying an additional 862 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Logitech International by 62.6% in the 4th quarter. Quantinno Capital Management LP now owns 42,421 shares of the technology company’s stock valued at $3,493,000 after buying an additional 16,338 shares in the last quarter. ProShare Advisors LLC acquired a new stake in shares of Logitech International in the 4th quarter valued at approximately $1,017,000. Finally, Raiffeisen Bank International AG bought a new stake in Logitech International during the 4th quarter worth approximately $59,000. Institutional investors and hedge funds 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.