Shares of Logitech International S.A. (NASDAQ:LOGI – Get Rating) have been given an average rating of “Hold” by the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $70.10.
Several research analysts have recently weighed in on the company. Credit Suisse Group lowered their target price on Logitech International from CHF 84 to CHF 68 and set an “outperform” rating on the stock in a report on Thursday, July 28th. Loop Capital cut Logitech International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $110.00 to $55.00 in a report on Wednesday, July 27th. Citigroup lowered their target price on Logitech International from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. BNP Paribas cut Logitech International to an “underperform” rating in a report on Monday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Logitech International from CHF 66 to CHF 60 and set a “buy” rating on the stock in a report on Thursday, October 27th.
Institutional Trading of Logitech International
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOGI. CWM LLC raised its position in Logitech International by 67.5% in the second quarter. CWM LLC now owns 655 shares of the technology company’s stock valued at $34,000 after purchasing an additional 264 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Logitech International by 530.1% during the first quarter. EverSource Wealth Advisors LLC now owns 523 shares of the technology company’s stock worth $39,000 after acquiring an additional 440 shares during the period. Venture Visionary Partners LLC purchased a new stake in shares of Logitech International during the second quarter worth $42,000. Wipfli Financial Advisors LLC purchased a new stake in shares of Logitech International during the third quarter worth $79,000. Finally, Quadrant Capital Group LLC increased its position in shares of Logitech International by 76.1% during the second quarter. Quadrant Capital Group LLC now owns 1,662 shares of the technology company’s stock worth $87,000 after acquiring an additional 718 shares during the period.
Logitech International Trading Up 0.2 %
Logitech International Increases Dividend
The company also recently announced a dividend, which was paid on Wednesday, September 28th. Shareholders of record on Tuesday, September 27th were given a $1.0023 dividend. This is a positive change from Logitech International’s previous dividend of $0.65. The ex-dividend date was Monday, September 26th. This represents a yield of 2.07%.
Logitech International Company Profile
Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to digital and cloud experiences worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.
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