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

Logitech International S.A. (NASDAQ:LOGI) has been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $94.00.

A number of research firms have commented on LOGI. Wedbush reissued a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a research note on Wednesday, October 23rd. Barclays lowered their price target on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Loop Capital increased their price objective on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. dropped their target price on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd.

Logitech International Trading Down 0.3 %

Shares of NASDAQ LOGI opened at $80.71 on Wednesday. The business has a 50-day moving average of $87.19 and a 200-day moving average of $89.23. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.44 and a beta of 0.79. Logitech International has a 12 month low of $74.72 and a 12 month high of $102.59.

Logitech International Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were given a $1.3687 dividend. The ex-dividend date was Tuesday, September 24th. This represents a yield of 1.4%. This is an increase from Logitech International’s previous annual dividend of $1.19. Logitech International’s payout ratio is presently 13.49%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LOGI. Diversify Wealth Management LLC boosted its position in Logitech International by 7.2% during the 3rd quarter. Diversify Wealth Management LLC now owns 6,816 shares of the technology company’s stock valued at $612,000 after buying an additional 460 shares during the period. Semanteon Capital Management LP boosted its holdings in shares of Logitech International by 248.3% during the third quarter. Semanteon Capital Management LP now owns 8,515 shares of the technology company’s stock worth $764,000 after purchasing an additional 6,070 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Logitech International in the third quarter worth about $542,000. Mediolanum International Funds Ltd increased its holdings in Logitech International by 12.0% during the 3rd quarter. Mediolanum International Funds Ltd now owns 42,254 shares of the technology company’s stock valued at $3,762,000 after purchasing an additional 4,511 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Logitech International during the 3rd quarter valued at approximately $4,316,000. Institutional investors 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.