Logitech International S.A. (NASDAQ:LOGI) Given Consensus Rating of “Hold” by Brokerages

Logitech International S.A. (NASDAQ:LOGI) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $113.6667.

LOGI has been the topic of a number of research reports. Barclays boosted their price target on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Citigroup boosted their price target on Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, May 7th. UBS Group lowered Logitech International from a “buy” rating to a “neutral” rating in a report on Tuesday, March 17th. Finally, Wedbush restated an “outperform” rating and issued a $135.00 price target on shares of Logitech International in a report on Wednesday, May 6th.

Logitech International Price Performance

Shares of Logitech International stock opened at $107.64 on Monday. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 2.74 and a beta of 1.13. The stock’s 50-day moving average is $105.72 and its 200-day moving average is $99.85. Logitech International has a one year low of $83.32 and a one year high of $129.66.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. On average, equities analysts expect that Logitech International will post 5.16 EPS for the current year.

Logitech International Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 22nd will be issued a $1.36 dividend. This represents a dividend yield of 126.0%. The ex-dividend date is Tuesday, September 22nd.

Institutional Trading of Logitech International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Park Avenue Securities LLC increased its position in Logitech International by 43.3% during the fourth quarter. Park Avenue Securities LLC now owns 28,846 shares of the technology company’s stock worth $2,891,000 after buying an additional 8,717 shares during the last quarter. Russell Investments Group Ltd. increased its position in Logitech International by 28.2% during the third quarter. Russell Investments Group Ltd. now owns 339,790 shares of the technology company’s stock worth $37,015,000 after buying an additional 74,772 shares during the last quarter. Compagnie Lombard Odier SCmA increased its position in Logitech International by 8.7% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 260,162 shares of the technology company’s stock worth $26,777,000 after buying an additional 20,866 shares during the last quarter. AMJ Financial Wealth Management acquired a new position in Logitech International during the third quarter worth approximately $3,294,000. Finally, Willis Investment Counsel increased its position in Logitech International by 40.0% during the fourth quarter. Willis Investment Counsel now owns 42,747 shares of the technology company’s stock worth $4,284,000 after buying an additional 12,221 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

About Logitech International

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.