Logitech International (NASDAQ:LOGI) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Logitech International (NASDAQ:LOGI) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

LOGI has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on Logitech International from $104.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Logitech International in a research report on Wednesday, October 8th. BNP Paribas upgraded shares of Logitech International from a “hold” rating to a “strong-buy” rating and increased their price target for the stock from $100.00 to $109.00 in a research note on Tuesday, August 5th. BNP Paribas Exane upgraded shares of Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 price objective on the stock in a research note on Tuesday, August 5th. Finally, Wedbush increased their target price on shares of Logitech International from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Logitech International Price Performance

Shares of NASDAQ:LOGI opened at $117.38 on Monday. Logitech International has a 12 month low of $64.73 and a 12 month high of $123.01. The firm has a market capitalization of $18.56 billion, a P/E ratio of 26.62, a P/E/G ratio of 4.25 and a beta of 1.00. The company’s fifty day moving average price is $110.04 and its 200 day moving average price is $96.32.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.23. Logitech International had a return on equity of 32.01% and a net margin of 14.11%.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 company posted $1.20 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Logitech International has set its Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that Logitech International will post 4.21 EPS for the current year.

Insiders Place Their Bets

In related news, insider Prakash Arunkundrum sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $111.03, for a total transaction of $555,150.00. Following the sale, the insider owned 62,437 shares of the company’s stock, valued at approximately $6,932,380.11. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Neela Montgomery sold 5,833 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $120.61, for a total transaction of $703,518.13. Following the transaction, the director owned 12,781 shares in the company, valued at $1,541,516.41. The trade was a 31.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 20,733 shares of company stock valued at $2,298,168. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Logitech International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brown Advisory Inc. grew its holdings in Logitech International by 49.9% in the first quarter. Brown Advisory Inc. now owns 9,007 shares of the technology company’s stock valued at $760,000 after purchasing an additional 3,000 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Logitech International by 8.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 109,716 shares of the technology company’s stock valued at $9,261,000 after acquiring an additional 8,971 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in Logitech International during the 1st quarter valued at about $534,000. Yousif Capital Management LLC raised its position in Logitech International by 7.6% during the second quarter. Yousif Capital Management LLC now owns 2,821 shares of the technology company’s stock worth $254,000 after acquiring an additional 200 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Logitech International by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,412,308 shares of the technology company’s stock valued at $543,347,000 after purchasing an additional 66,175 shares in the last quarter. 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 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.