Logitech International (NASDAQ:LOGI) Price Target Raised to $134.00

Logitech International (NASDAQ:LOGI) had its price objective increased by Barclays from $107.00 to $134.00 in a research note published on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

A number of other equities analysts have also recently weighed in on the company. BNP Paribas Exane raised Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 price target for the company in a report on Tuesday, August 5th. Citigroup raised Logitech International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $130.00 in a research note on Wednesday, October 15th. Morgan Stanley lifted their price target on shares of Logitech International from $74.00 to $78.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. boosted their price target on shares of Logitech International from $80.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Logitech International in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Logitech International has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Logitech International Price Performance

LOGI opened at $120.56 on Wednesday. The firm has a fifty day moving average price of $109.31 and a 200 day moving average price of $95.30. Logitech International has a 1 year low of $64.73 and a 1 year high of $122.24. The stock has a market cap of $19.07 billion, a P/E ratio of 27.34, a P/E/G ratio of 4.25 and a beta of 1.00.

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

Insiders Place Their Bets

In other Logitech International news, insider Prakash Arunkundrum sold 9,900 shares of Logitech International stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $105.00, for a total transaction of $1,039,500.00. Following the sale, the insider owned 57,437 shares of the company’s stock, valued at $6,030,885. The trade was a 14.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Logitech International

Hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC acquired a new position in Logitech International during the second quarter worth about $27,000. Quarry LP acquired a new stake in Logitech International in the 1st quarter valued at about $33,000. Mather Group LLC. purchased a new position in Logitech International in the 3rd quarter worth approximately $34,000. Westerkirk Capital Inc. acquired a new position in shares of Logitech International during the 2nd quarter worth approximately $36,000. Finally, Richardson Financial Services Inc. boosted its holdings in shares of Logitech International by 63.7% during the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock worth $36,000 after purchasing an additional 128 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Company Profile

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.