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

Logitech International S.A. (NASDAQ:LOGI) has been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $93.00.

A number of analysts have recently weighed in on the stock. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Wedbush reissued 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 for the company in a research note on Monday, October 28th. Finally, Barclays dropped their price target on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd.

Insider Transactions at Logitech International

In other Logitech International news, Director Guy Gecht purchased 2,500 shares of the stock in a transaction dated Thursday, October 24th. The shares were acquired at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Logitech International

A number of institutional investors have recently bought and sold shares of LOGI. Barclays PLC increased its holdings in shares of Logitech International by 64.2% in the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after purchasing an additional 1,967,133 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Logitech International in the 3rd quarter valued at approximately $15,891,000. Y Intercept Hong Kong Ltd acquired a new position in Logitech International in the 3rd quarter valued at approximately $421,000. MML Investors Services LLC lifted its position in Logitech International by 16.3% in the 3rd quarter. MML Investors Services LLC now owns 2,935 shares of the technology company’s stock worth $263,000 after buying an additional 411 shares in the last quarter. Finally, Dorsey Wright & Associates grew its holdings in shares of Logitech International by 13.0% during the 3rd quarter. Dorsey Wright & Associates now owns 31,249 shares of the technology company’s stock valued at $2,804,000 after acquiring an additional 3,583 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Stock Up 0.2 %

LOGI stock opened at $79.58 on Friday. The company has a 50-day simple moving average of $83.80 and a 200 day simple moving average of $89.11. The company has a market capitalization of $12.59 billion, a P/E ratio of 17.72, a PEG ratio of 1.81 and a beta of 0.81. Logitech International has a fifty-two week low of $74.72 and a fifty-two week high of $102.59.

Logitech International Increases Dividend

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