Logitech International S.A. (NASDAQ:LOGI) Given Average Recommendation of “Moderate Buy” by Analysts

Logitech International S.A. (NASDAQ:LOGI) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $106.00.

A number of equities analysts have recently commented on LOGI shares. Wedbush boosted their price target on Logitech International from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. boosted their target price on Logitech International from $104.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Wall Street Zen upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Barclays upped their price objective on shares of Logitech International from $107.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Zacks Research raised shares of Logitech International from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd.

Insider Activity

In other news, Director Neela Montgomery sold 5,833 shares of Logitech International stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $120.61, for a total value of $703,518.13. Following the completion of the transaction, the director directly owned 12,781 shares of the company’s stock, valued at approximately $1,541,516.41. This trade represents a 31.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Prakash Arunkundrum sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $111.03, for a total value of $555,150.00. Following the completion of the transaction, the insider directly owned 62,437 shares in the company, valued at $6,932,380.11. This represents a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 20,733 shares of company stock valued at $2,298,168. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Logitech International

A number of hedge funds have recently added to or reduced their stakes in LOGI. Vanguard Group Inc. boosted its stake in Logitech International by 0.6% during the third quarter. Vanguard Group Inc. now owns 6,607,500 shares of the technology company’s stock worth $726,812,000 after acquiring an additional 37,126 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Logitech International by 1.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,207,416 shares of the technology company’s stock valued at $355,148,000 after purchasing an additional 59,150 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Logitech International by 7.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,727,701 shares of the technology company’s stock worth $297,504,000 after purchasing an additional 191,828 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Logitech International by 305.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,084,820 shares of the technology company’s stock valued at $227,859,000 after buying an additional 1,570,876 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Logitech International by 91.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,701,985 shares of the technology company’s stock valued at $152,757,000 after buying an additional 815,280 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

Logitech International Stock Down 1.7%

Shares of LOGI stock opened at $110.56 on Thursday. Logitech International has a 12 month low of $64.73 and a 12 month high of $123.01. The company’s fifty day simple moving average is $112.65 and its 200-day simple moving average is $100.46. The firm has a market cap of $17.49 billion, a PE ratio of 25.07, a P/E/G ratio of 4.25 and a beta of 1.05.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, October 28th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.23. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Logitech International had a net margin of 14.11% and a return on equity of 32.01%. Logitech International’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. Logitech International has set its Q3 2026 guidance at EPS. On average, equities analysts predict that Logitech International will post 4.21 earnings per share for the current fiscal year.

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.