Logitech International S.A. (NASDAQ:LOGI) shares traded -16.86% lower at $56.66 on Wall Street last session.
In accordance with the data, 16 analysts cover Logitech International S.A. (NASDAQ:LOGI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $86.13 and a low of $37.60, we find $68.99. Given the previous closing price of $68.15, this indicates a potential upside of 1.23 percent. LOGI stock price is now -4.99% away from the 50-day moving average and -0.55% away from the 200-day moving average. The market capitalization of the company currently stands at $9.54B.
It has been rated a hold by 3 analysts and a buy by 9. Brokers who have rated the stock have averaged $66.35 as their price target over the next twelve months.
With the price target reduced from $70 to $60, Wedbush Downgraded its rating from Outperform to Neutral for Logitech International S.A. (NASDAQ: LOGI). On November 09, 2022, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $65, while ‘Loop Capital’ rates the stock as ‘Hold’.
In other news, Arunkundrum Prakash, insider sold 5,831 shares of the company’s stock on Jan 06. The stock was sold for $379,270 at an average price of $65.04. Upon completion of the transaction, the insider now directly owns 63,000 shares in the company, valued at $3.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Director AEBISCHER PATRICK sold 10,000 shares of the business’s stock. A total of $613,600 was realized by selling the stock at an average price of $61.36. This leaves the insider owning 12,511 shares of the company worth $0.71 million. Insiders disposed of 185,400 shares of company stock worth roughly $10.5 million over the past 1 year. A total of 6.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LOGI stock. A new stake in Logitech International S.A. shares was purchased by SAL TRADING, LLC during the first quarter worth $17,043,000. OPTIVER HOLDING B.V. invested $12,926,000 in shares of LOGI during the first quarter. In the first quarter, CAROLINA WEALTH ADVISORS, LLC acquired a new stake in Logitech International S.A. valued at approximately $6,033,000. ONTARIO TEACHERS PENSION PLAN BOARD acquired a new stake in LOGI for approximately $2,409,000. VIRTUS FAMILY OFFICE LLC purchased a new stake in LOGI valued at around $1,767,000 in the second quarter. In total, there are 681 active investors with 32.50% ownership of the company’s stock.
Logitech International S.A. (NASDAQ: LOGI) opened at $56.44 on Thursday. During the past 12 months, Logitech International S.A. has had a low of $41.81 and a high of $86.26. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.20, and a quick ratio of 1.50. The fifty day moving average price for LOGI is $59.78 and a two-hundred day moving average price translates $56.87 for the stock.
The latest earnings results from Logitech International S.A. (NASDAQ: LOGI) was released for Jun, 2022. According to the Computer Hardware Company, earnings per share came in at $1.22, beating analysts’ expectations of $0.88 by 0.34. This compares to $0.81 EPS in the same period last year. The net profit margin was 9.70% and return on equity was 21.60% for LOGI. The company reported revenue of $1.15 billion for the quarter, compared to $1.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.04 percent. For the current quarter, analysts expect LOGI to generate $1.27B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/28/2022. Investors who held shares on 09/27/2022 were paid a $1.002344 dividend. On an annualized basis, this represents a $0.97 dividend and a 1.71% percent yield. There was an ex-dividend date of 09/26/2022 for this dividend.
Logitech International S.A.(LOGI) Company Profile
Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that connect people to digital and cloud experiences worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices. It also provides keyboards, mice, headsets, and simulation products, such as steering wheels and flight sticks for gamers; video conferencing products, such as ConferenceCams, which combine enterprise-quality audio and high-definition video to bring video conferencing to businesses of any size; webcams and headsets that turn desktop into collaboration space; and controller for video conferencing room solutions. In addition, the company offers portable wireless Bluetooth and Wi-Fi connected speakers, mobile speakers, PC speakers, PC headsets, microphones, in-ear headphones, and wireless audio wearables; home entertainment controllers, and home security cameras. Its channel network includes consumer electronics distributors, retailers, e-tailers, mass merchandisers, specialty stores, computer and telecommunications stores, value-added resellers, and online merchants. The company sells its products under the Logitech, Logitech G, ASTRO Gaming, Streamlabs, Blue Microphones, Ultimate Ears, and Jaybird brands. Logitech International S.A. was incorporated in 1981 and is headquartered in Lausanne, Switzerland.