Wedbush Reiterates Neutral Rating for Logitech International (NASDAQ:LOGI)

Wedbush reiterated their neutral rating on shares of Logitech International (NASDAQ:LOGI) in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a $92.00 target price on the technology company’s stock. Wedbush also issued estimates for Logitech International’s Q1 2025 earnings at $0.77 EPS, Q4 2025 earnings at $0.87 EPS and FY2027 earnings at $4.67 EPS.

A number of other analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a sell rating on shares of Logitech International in a research note on Tuesday, April 16th. Berenberg Bank started coverage on shares of Logitech International in a research note on Thursday, March 14th. They set a buy rating and a $111.00 target price for the company. Citigroup increased their price target on shares of Logitech International from $98.00 to $100.00 and gave the company a neutral rating in a report on Thursday, April 4th. StockNews.com downgraded shares of Logitech International from a strong-buy rating to a buy rating in a report on Thursday, March 14th. Finally, Barclays increased their target price on shares of Logitech International from $96.00 to $104.00 and gave the company an overweight rating in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Logitech International has a consensus rating of Hold and an average price target of $91.00.

Logitech International Stock Up 0.4 %

NASDAQ LOGI opened at $82.09 on Tuesday. The stock has a market capitalization of $12.98 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.56 and a beta of 0.78. The company has a 50 day moving average price of $86.52 and a two-hundred day moving average price of $86.46. Logitech International has a 12-month low of $53.91 and a 12-month high of $96.66.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Monday, April 29th. The technology company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. Logitech International had a net margin of 14.24% and a return on equity of 27.68%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $956.85 million. As a group, equities analysts anticipate that Logitech International will post 3.67 EPS for the current year.

Insider Activity at Logitech International

In related news, CFO Charles D. Boynton acquired 1,225 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $81.27 per share, for a total transaction of $99,555.75. Following the completion of the purchase, the chief financial officer now directly owns 1,225 shares of the company’s stock, valued at approximately $99,555.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Charles D. Boynton acquired 1,225 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $81.27 per share, with a total value of $99,555.75. Following the completion of the purchase, the chief financial officer now owns 1,225 shares of the company’s stock, valued at $99,555.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Samantha Harnett sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $84.17, for a total transaction of $54,710.50. Following the sale, the insider now directly owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The disclosure for this sale can be found here. Insiders have sold a total of 24,572 shares of company stock valued at $2,207,555 in the last 90 days. 0.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Logitech International

A number of institutional investors and hedge funds have recently bought and sold shares of LOGI. CWM LLC boosted its stake in Logitech International by 16.9% in the third quarter. CWM LLC now owns 1,127 shares of the technology company’s stock worth $78,000 after purchasing an additional 163 shares in the last quarter. Cigna Investments Inc. New acquired a new position in shares of Logitech International during the third quarter valued at $219,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Logitech International by 102.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 10,228 shares of the technology company’s stock valued at $705,000 after acquiring an additional 5,185 shares during the period. Forsta AP Fonden lifted its stake in shares of Logitech International by 2.8% during the third quarter. Forsta AP Fonden now owns 51,446 shares of the technology company’s stock valued at $3,547,000 after acquiring an additional 1,395 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in shares of Logitech International by 22.6% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 270,372 shares of the technology company’s stock valued at $18,702,000 after acquiring an additional 49,755 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

About Logitech International

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.