Logitech International (LOGI) Receives Daily News Sentiment Rating of 0.13
News stories about Logitech International (NASDAQ:LOGI) have trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Logitech International earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.7847589150343 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Logitech International S.A. (LOGI) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Global Video Conferencing Market Projected to Grow at Over 8% CAGR through 2025 (openpr.com)
- Electronics Accessories Market: Worldwide Industry Analysis and New Market Opportunities Explored (sbwire.com)
- Logitech International SA (LOGI) is at $36.20 per share and Sify Technologies Limited (SIFY) is listed at $1.34 – Stocks Gallery (stocksgallery.com)
- Mechanical Keyboard Market Drivers and Trends by 2026 (sbwire.com)
A number of brokerages recently issued reports on LOGI. Loop Capital started coverage on shares of Logitech International in a research report on Monday, July 24th. They set a “buy” rating and a $48.00 target price on the stock. Citigroup Inc. assumed coverage on Logitech International in a report on Thursday, July 6th. They issued a “buy” rating and a $44.00 price target for the company. Aegis initiated coverage on Logitech International in a report on Tuesday, June 13th. They issued a “buy” rating and a $48.00 price target for the company. Finally, Zacks Investment Research raised Logitech International from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, September 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $39.50.
Shares of Logitech International (NASDAQ:LOGI) opened at 36.46 on Monday. Logitech International has a 12-month low of $21.14 and a 12-month high of $40.82. The stock has a market cap of $5.98 billion, a PE ratio of 27.48 and a beta of 0.59. The firm has a 50-day moving average price of $35.64 and a 200 day moving average price of $34.80.
Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Monday, July 24th. The technology company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. Logitech International had a net margin of 9.15% and a return on equity of 25.18%. The firm had revenue of $529.95 million for the quarter, compared to analysts’ expectations of $521.24 million. Equities research analysts predict that Logitech International will post $1.47 EPS for the current fiscal year.
The firm also recently announced a dividend, which was paid on Wednesday, September 27th. Stockholders of record on Tuesday, September 26th were issued a $0.6454 dividend. The ex-dividend date of this dividend was Monday, September 25th. This is a positive change from Logitech International’s previous dividend of $0.52. Logitech International’s dividend payout ratio is presently 45.97%.
In related news, CEO Bracken Darrell sold 110,330 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $36.15, for a total value of $3,988,429.50. Following the completion of the sale, the chief executive officer now directly owns 940,542 shares of the company’s stock, valued at approximately $34,000,593.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vincent Pilette sold 53,370 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $36.29, for a total value of $1,936,797.30. Following the completion of the sale, the chief financial officer now directly owns 460,127 shares of the company’s stock, valued at $16,698,008.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 319,245 shares of company stock valued at $11,549,298. 2.20% of the stock is currently owned by insiders.
About Logitech International
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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