Logitech International (NASDAQ:LOGI) Sets New 1-Year High – Here’s Why

Shares of Logitech International S.A. (NASDAQ:LOGI) reached a new 52-week high on Tuesday . The stock traded as high as $123.01 and last traded at $122.99, with a volume of 486740 shares. The stock had previously closed at $120.56.

Analysts Set New Price Targets

LOGI has been the subject of several recent analyst reports. Morgan Stanley upped their price target on Logitech International from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. BNP Paribas upgraded Logitech International from a “hold” rating to a “strong-buy” rating and upped their price target for the stock from $100.00 to $109.00 in a research note on Tuesday, August 5th. Barclays increased their target price on Logitech International from $107.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Citigroup upgraded Logitech International from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $130.00 in a research report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. increased their target price on Logitech International from $104.00 to $123.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Logitech International Price Performance

The firm has a market cap of $19.45 billion, a P/E ratio of 27.89, a PEG ratio of 4.25 and a beta of 1.00. The stock’s 50-day simple moving average is $109.74 and its two-hundred day simple moving average is $96.00.

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

Insiders Place Their Bets

In other Logitech International news, Director Neela Montgomery sold 5,833 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $120.61, for a total value of $703,518.13. Following the sale, the director owned 12,781 shares in the company, valued at $1,541,516.41. This trade represents a 31.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Prakash Arunkundrum sold 5,000 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $111.03, for a total value of $555,150.00. Following the completion of the sale, the insider owned 62,437 shares in the company, valued at approximately $6,932,380.11. The trade was a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 20,733 shares of company stock worth $2,298,168. Insiders own 0.19% of the company’s stock.

Institutional Trading of Logitech International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its stake in shares of Logitech International by 91.9% during the second quarter. Assenagon Asset Management S.A. now owns 1,701,985 shares of the technology company’s stock valued at $152,757,000 after buying an additional 815,280 shares during the period. Norges Bank purchased a new position in shares of Logitech International during the second quarter valued at $42,240,000. Mackenzie Financial Corp increased its stake in shares of Logitech International by 2,227.1% during the second quarter. Mackenzie Financial Corp now owns 453,385 shares of the technology company’s stock valued at $40,840,000 after buying an additional 433,902 shares during the period. Nuveen LLC purchased a new position in shares of Logitech International during the first quarter valued at $35,925,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Logitech International during the first quarter valued at $29,319,000. Hedge funds and other institutional investors own 45.76% of the company’s stock.

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.