Logitech International (LOGI) – Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Logitech International (NASDAQ: LOGI) recently:

  • 9/13/2018 – Logitech International was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/6/2018 – Logitech International was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/6/2018 – Logitech International was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/5/2018 – Logitech International had its price target raised by analysts at DA Davidson from $55.00 to $58.00. They now have a “buy” rating on the stock.
  • 8/2/2018 – Logitech International had its price target raised by analysts at Citigroup Inc from $47.00 to $50.00. They now have a “buy” rating on the stock.
  • 8/1/2018 – Logitech International had its price target raised by analysts at Loop Capital to $53.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/23/2018 – Logitech International had its price target raised by analysts at DA Davidson to $55.00. They now have a “buy” rating on the stock.

NASDAQ:LOGI opened at $47.13 on Friday. The company has a market capitalization of $7.75 billion, a PE ratio of 35.17, a P/E/G ratio of 2.95 and a beta of 1.02. Logitech International SA has a 1 year low of $32.66 and a 1 year high of $49.96.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Monday, July 30th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. The business had revenue of $608.48 million during the quarter, compared to analyst estimates of $584.37 million. Logitech International had a return on equity of 24.63% and a net margin of 7.97%. During the same period last year, the company earned $0.24 EPS. sell-side analysts predict that Logitech International SA will post 1.6 earnings per share for the current fiscal year.

In other news, CEO Bracken Darrell sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $45.66, for a total value of $4,566,000.00. Following the completion of the sale, the chief executive officer now directly owns 712,137 shares of the company’s stock, valued at approximately $32,516,175.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in shares of Logitech International by 13.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,058,245 shares of the technology company’s stock worth $46,542,000 after acquiring an additional 127,149 shares during the last quarter. Cozad Asset Management Inc. bought a new stake in shares of Logitech International during the 2nd quarter worth approximately $842,000. Marshall Wace LLP bought a new stake in shares of Logitech International during the 2nd quarter worth approximately $21,441,000. Macquarie Group Ltd. lifted its stake in shares of Logitech International by 6.5% during the 2nd quarter. Macquarie Group Ltd. now owns 505,597 shares of the technology company’s stock worth $22,273,000 after acquiring an additional 30,656 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new stake in shares of Logitech International during the 2nd quarter worth approximately $559,000. 36.45% of the stock is owned by institutional investors and hedge funds.

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.

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