Logitech International S.A. (NASDAQ:LOGI – Get Free Report) CFO Charles D. Boynton acquired 1,225 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were purchased at an average cost of $81.27 per share, for a total transaction of $99,555.75. Following the completion of the acquisition, the chief financial officer now directly owns 1,225 shares in the company, valued at $99,555.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Logitech International Stock Up 0.4 %
LOGI opened at $82.09 on Friday. The business has a fifty day moving average of $86.37 and a 200 day moving average of $86.53. The stock has a market cap of $12.98 billion, a P/E ratio of 21.21, a PEG ratio of 2.65 and a beta of 0.78. Logitech International S.A. has a 52-week low of $53.91 and a 52-week high of $96.66.
Logitech International (NASDAQ:LOGI – Get Free Report) last posted its quarterly earnings results on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $956.85 million. Logitech International had a net margin of 14.24% and a return on equity of 27.68%. Equities analysts anticipate that Logitech International S.A. will post 3.67 EPS for the current fiscal year.
Hedge Funds Weigh In On Logitech International
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Logitech International in a research report on Thursday, March 14th. They issued a “buy” rating and a $111.00 price target on the stock. Wedbush reiterated a “neutral” rating and issued a $92.00 price target on shares of Logitech International in a research report on Tuesday. Barclays upped their price objective on Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. cut Logitech International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $92.00 to $85.00 in a report on Wednesday. Finally, StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Logitech International currently has an average rating of “Hold” and an average target price of $91.00.
Check Out Our Latest Analysis on Logitech International
Logitech International Company Profile
Logitech International SA, 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.
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