Analysts Set Logitech International S.A. (NASDAQ:LOGI) PT at $93.00

Shares of Logitech International S.A. (NASDAQ:LOGI) have been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $93.00.

Several research analysts recently weighed in on LOGI shares. Barclays dropped their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Wedbush reaffirmed a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research note on Wednesday, October 23rd. Loop Capital decreased their target price on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. lowered their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd.

Insiders Place Their Bets

In other Logitech International news, Director Guy Gecht bought 2,500 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the transaction, the director now owns 18,503 shares of the company’s stock, valued at $1,500,963.36. This represents a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Logitech International

Several large investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Logitech International by 76.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 48,841 shares of the technology company’s stock worth $4,373,000 after purchasing an additional 21,106 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Logitech International by 124.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 28,284 shares of the technology company’s stock worth $2,530,000 after buying an additional 15,695 shares during the period. Seven Eight Capital LP increased its position in Logitech International by 45.3% during the first quarter. Seven Eight Capital LP now owns 30,669 shares of the technology company’s stock valued at $2,741,000 after acquiring an additional 9,564 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Logitech International by 99.4% in the first quarter. Canada Pension Plan Investment Board now owns 289,337 shares of the technology company’s stock valued at $25,943,000 after acquiring an additional 144,262 shares during the period. Finally, 1832 Asset Management L.P. bought a new stake in shares of Logitech International in the 1st quarter worth about $3,731,000. 45.76% of the stock is owned by institutional investors.

Logitech International Price Performance

LOGI opened at $77.93 on Friday. The company has a 50 day simple moving average of $84.17 and a two-hundred day simple moving average of $89.25. The firm has a market cap of $12.32 billion, a P/E ratio of 17.36, a PEG ratio of 1.77 and a beta of 0.81. Logitech International has a 1-year low of $74.72 and a 1-year high of $102.59.

Logitech International Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were issued a dividend of $1.3687 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Logitech International’s previous annual dividend of $1.19. Logitech International’s dividend payout ratio (DPR) is currently 11.63%.

About Logitech International

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.