Logitech International SA (NASDAQ:LOGI) has been assigned a consensus rating of “Hold” from the five brokerages that are covering the firm. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $19.58.
A number of equities analysts have recently issued reports on LOGI shares. Rosenblatt Securities reissued a “buy” rating and set a $22.75 price target (up previously from $18.00) on shares of Logitech International SA in a research report on Wednesday, August 3rd. Morgan Stanley raised Logitech International SA from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, August 10th. Zacks Investment Research downgraded Logitech International SA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed a “sell” rating and set a $13.50 price objective on shares of Logitech International SA in a research report on Wednesday, July 20th.
In other Logitech International SA news, VP L Joseph Sullivan sold 22,500 shares of the stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $21.75, for a total value of $489,375.00. Following the completion of the sale, the vice president now directly owns 213,161 shares in the company, valued at $4,636,251.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Marcel Stolk sold 225,000 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $20.36, for a total value of $4,581,000.00. Following the completion of the sale, the senior vice president now owns 478,002 shares of the company’s stock, valued at $9,732,120.72. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Edmond DE Rothschild Holding S.A. boosted its stake in Logitech International SA by 154.6% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 9,880 shares of the company’s stock worth $157,000 after buying an additional 6,000 shares during the period. Cipher Capital LP acquired a new stake in Logitech International SA during the second quarter worth approximately $171,000. World Asset Management Inc boosted its stake in Logitech International SA by 7.5% in the second quarter. World Asset Management Inc now owns 10,776 shares of the company’s stock worth $175,000 after buying an additional 751 shares during the period. Eqis Capital Management Inc. purchased a new position in shares of Logitech International SA during the second quarter valued at about $192,000. Finally, Bank of Montreal Can purchased a new position in shares of Logitech International SA during the second quarter valued at about $192,000. Institutional investors own 33.78% of the company’s stock.
Shares of Logitech International SA (NASDAQ:LOGI) traded up 0.710% during trading on Tuesday, reaching $21.995. The company’s stock had a trading volume of 251,332 shares. The stock has a market capitalization of $3.56 billion, a PE ratio of 27.494 and a beta of 1.19. Logitech International SA has a 12-month low of $12.52 and a 12-month high of $22.42. The firm’s 50-day moving average is $21.64 and its 200-day moving average is $17.50.
Logitech International SA (NASDAQ:LOGI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. Logitech International SA had a return on equity of 18.58% and a net margin of 6.46%. Equities analysts expect that Logitech International SA will post $1.08 earnings per share for the current year.
The business also recently disclosed an annual dividend, which will be paid on Tuesday, September 27th. Investors of record on Monday, September 26th will be given a dividend of $0.5774 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This is an increase from Logitech International SA’s previous annual dividend of $0.52.
Logitech International SA Company Profile
Logitech International SA (Logitech) is a Switzerland-based company that, together with its subsidiaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.
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