Logitech International S.A. (NASDAQ:LOGI) shares traded 13.60% higher at $71.52 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 ‘Hold’. As we calculate the median target price by taking the range between a high of $81.00 and a low of $44.94, we find $64.96. Given the previous closing price of $62.96, this indicates a potential upside of 3.18 percent. LOGI stock price is now 16.24% away from the 50-day moving average and 23.80% away from the 200-day moving average. The market capitalization of the company currently stands at $12.42B.
It has been rated a hold by 8 analysts and a buy by 5. Brokers who have rated the stock have averaged $65.71 as their price target over the next twelve months.
In other news, Harnett Samantha, Chief Legal Officer sold 800 shares of the company’s stock on May 25. The stock was sold for $52,280 at an average price of $65.35. Upon completion of the transaction, the Chief Legal Officer now directly owns 13,984 shares in the company, valued at $1.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 26, Chief Legal Officer Harnett Samantha sold 2,500 shares of the business’s stock. A total of $140,891 was realized by selling the stock at an average price of $56.36. This leaves the insider owning 14,784 shares of the company worth $1.06 million. Insiders disposed of 179,769 shares of company stock worth roughly $12.86 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 CITADEL ADVISORS LLC during the first quarter worth $40,314,000. DAVIDSON KEMPNER CAPITAL MANAGEMENT LP invested $23,602,000 in shares of LOGI during the first quarter. In the first quarter, DAVIDSON KEMPNER PARTNERS acquired a new stake in Logitech International S.A. valued at approximately $23,602,000. MILLENNIUM MANAGEMENT LLC acquired a new stake in LOGI for approximately $19,342,000. ALYESKA INVESTMENT GROUP, L.P. purchased a new stake in LOGI valued at around $16,931,000 in the second quarter. In total, there are 636 active investors with 32.50% ownership of the company’s stock.
Logitech International S.A. (NASDAQ: LOGI) opened at $68.19 on Tuesday. During the past 12 months, Logitech International S.A. has had a low of $41.81 and a high of $68.17. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.50, and a quick ratio of 1.80. According to the stock market information, the enterprise value for the company is $8.99B, which is based on a 32.14 price-to-earnings ratio, a 9.59 price-to-earnings-growth ratio, and a beta of 0.86. The fifty day moving average price for LOGI is $61.68 and a two-hundred day moving average price translates $57.89 for the stock.
The latest earnings results from Logitech International S.A. (NASDAQ: LOGI) was released for Mar, 2023. According to the Computer Hardware Company, earnings per share came in at $0.5, beating analysts’ expectations of $0.41 by 0.09. This compares to $0.64 EPS in the same period last year. The net profit margin was 8.00% and return on equity was 16.10% for LOGI. The company reported revenue of $960.08 million for the quarter, compared to $1.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.94 percent. For the current quarter, analysts expect LOGI to generate $919.69M 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 $1.24 dividend and a 1.73% 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 working, creating, gaming, and streaming 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 gamepads, steering wheels, simulation controllers, console gaming headsets, and streamlabs services; 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. Its channel network includes consumer electronics distributors, retailers, e-tailers, 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, and Ultimate Ears brands. Logitech International S.A. was incorporated in 1981 and is headquartered in Lausanne, Switzerland.
