Logitech International (NASDAQ:LOGI) Reaches New 1-Year High After Analyst Upgrade

Logitech International S.A. (NASDAQ:LOGI)’s share price reached a new 52-week high during mid-day trading on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $123.01 and last traded at $122.99, with a volume of 486740 shares traded. The stock had previously closed at $120.56.

A number of other research firms have also recently issued reports on LOGI. Citigroup upgraded Logitech International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $130.00 in a report on Wednesday, October 15th. JPMorgan Chase & Co. increased their target price on Logitech International from $104.00 to $123.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Wedbush increased their target price on Logitech International from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. BNP Paribas upgraded Logitech International from a “hold” rating to a “strong-buy” rating and increased their target price for the stock from $100.00 to $109.00 in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded Logitech International from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Two investment 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Insiders Place Their Bets

In other Logitech International news, Director Neela Montgomery sold 5,833 shares of Logitech International stock in a transaction on Friday, October 31st. The shares were sold at an average price of $120.61, for a total transaction of $703,518.13. Following the transaction, the director directly owned 12,781 shares of the company’s stock, valued at $1,541,516.41. The trade was a 31.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Prakash Arunkundrum sold 9,900 shares of Logitech International stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $105.00, for a total transaction of $1,039,500.00. Following the transaction, the insider directly owned 57,437 shares in the company, valued at $6,030,885. This represents a 14.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,733 shares of company stock worth $2,298,168 over the last ninety days. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Logitech International

Hedge funds have recently made changes to their positions in the business. Sound Income Strategies LLC bought a new stake in shares of Logitech International during the 2nd quarter worth $27,000. Quarry LP bought a new stake in shares of Logitech International during the 1st quarter worth $33,000. Mather Group LLC. bought a new stake in shares of Logitech International during the 3rd quarter worth $34,000. Westerkirk Capital Inc. bought a new stake in shares of Logitech International during the 2nd quarter worth $36,000. Finally, Richardson Financial Services Inc. raised its stake 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 period. 45.76% of the stock is currently owned by institutional investors.

Logitech International Stock Performance

The company has a market capitalization of $18.80 billion, a P/E ratio of 26.95, a PEG ratio of 4.25 and a beta of 1.00. The stock has a 50 day moving average price of $110.35 and a 200 day moving average price of $96.48.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.18 billion. During the same period in the previous year, the business posted $1.20 EPS. The firm’s quarterly 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.

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.