In a research note distributed to clients on Friday, stock analysts at UBS Group lowered their price objective for Logitech International (NASDAQ: LOGI) from CHF 70 to CHF 66, as stated in a report by The Fly. The note was handed out to clients on Friday. The company recently assigned a “buy” rating to the shares of the information technology company.
Concerning the stock, the findings of various equity research analysts have been published in the past. DA Davidson disclosed on the 26th of October, in a report made available to the general public, that the price target they have set for Logitech International shares has decreased from $85.00 to $65.00. Exane BNP Paribas lowered its rating on Logitech International from “neutral” to “underperform” based on research that was made public on October 3. TheStreet raised Logitech International’s rating to “b-” from “c+,” where it had been before, based on a research study made public on Thursday, December 8th. The study was made public by the company. Citigroup upgraded Logitech International from a “buy” rating to a “strong-buy” rating in a research report disseminated on Wednesday, December 21st.
Additionally, the firm raised its price objective on the stock from $65.00 to $75.00. On October 12th, coverage of Logitech International shares began on StockNews.com. This was the last and most important item on the agenda. They recommended that shareholders “hold” their shares of the company. Six analysts have provided the company with a recommendation to buy its stock, four analysts have provided a recommendation to hold its shares, and three market watchers have provided a recommendation to sell. The consensus recommendation among the analysts surveyed by Bloomberg.com is “Hold,” The average price target they have set for the company is $70.45.
During the trading session at noon on Friday, the price of LOGI shares fell $1.96 to reach $54.70. In total, 95,934 shares of the company’s stock were traded, a significantly lower volume than the stock’s average volume of 1,119,446 shares. The stock’s simple moving average over the past 50 days is $60.48, and its simple moving average over the past 200 days is $54.33, respectively. The company has a market capitalization of $8.95 billion at the moment, and its P/E ratio is currently sitting at 18.30, its P/E/G ratio is currently sitting at 4.93, and its beta is currently sitting at 1.00. Logitech International has seen a low point over the past 52 weeks of $41.81, while the company has a high point over the past 52 weeks of $85.06.
Logitech International (NASDAQ: LOGI) made the most recent report on its quarterly financial performance available on Monday, October 24th. The report covered the period up until the 30th of September. The technology company reported earnings per share (EPS) for the quarter that totaled $0.77, which was $0.04 higher than the estimate used, which was $0.73 per share. Despite predictions made by analysts that the company would bring in $1.21 billion in revenue during the quarter, the actual revenue was only $1.15 billion. Logitech International had a return on equity of 25.00%, while the company only had a net margin of 9.69%. The majority opinion held by those knowledgeable in finance is that Logitech International will successfully generate profits of $3.17 per share during the current fiscal year.
On January 6, 2019, Prakash Arunkundrum, an insider at Logitech International, sold 5,831 shares of the company’s stock. This pertains to the news that was discussed earlier in the conversation. A total of $379,248.24 worth of shares were transacted at an average price of $65.04 per share, leading to a sale volume of the shares equal to 379,248.24 dollars. Because of the transaction, the corporate insider now directly owns 63,000 shares. Based on the current stock price, these shares are worth approximately $4,097,520. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. The company insiders’ current ownership of the company’s stock is 0.76%.
Several hedge funds and other institutional investors have been active buyers and sellers of LOGI stock over the most recent few months. PNC Financial Services Group Inc. grew its ownership stake in Logitech International by 9.0% during the first three months of 2018, bringing the total percentage of the company’s shares to 79.0%. PNC Financial Services Group Inc. now has 3,018 shares of the technology company’s stock, valued at $223,000, after purchasing an additional 249 shares during the most recent quarter. This brings the company’s total number of shares to 3,018. Natixis Advisors L.P. invested approximately $1,064,000 in additional shares of Logitech International during the first three months of 2018 to expand its holdings in the company. BlackRock Inc. increased the percentage of Logitech International stock owned by 19.2 percent during the first three months of 2018. BlackRock Inc. currently holds a total of 578,107 shares of the technology company’s stock following the acquisition of an additional 93,104 shares during the period in question. These shares are currently worth a total of $42,652,000 as of right now. Cibc World Market Inc. purchased an additional 51.9% of the shares of Logitech International during the first three months of the year. Cibc World Market Inc. now holds a total of 8,775 technology company shares, which are currently valued at $647,000 following the purchase of an additional 3,000 shares during the most recent quarter.
Last but not least, during the first three months of 2018, Dimensional Fund Advisors L.P. saw an increase of 24.2% in the amount of Logitech International stock it owned. After making additional purchases of 91,536 shares during the period in question, Dimensional Fund Advisors LP is now the owner of a total of 469,184 shares of the stock issued by the technology company. At the moment, the price of each of these shares is $34,625,000. The company’s shares are held in institutional ownership for 35.93% of the company.
Logitech International S.A., through its subsidiaries, designs, manufactures, and distributes products that allow users to connect to digital and cloud-based experiences regardless of where they are located. These products are designed to be used with Logitech’s ecosystem of products. The company sells various mobile device accessories, including tablet and smartphone keyboards, wireless mice, corded and cordless keyboards, keyboard and mouse sets, tablet and smartphone keyboards, and living room keyboards. In addition, the company offers pointing devices, such as wireless mice, to its customers.