Logitech International (NASDAQ:LOGI) Reaches New 52-Week High - Here's Why

Key Points

• Logitech International's stock reached a new 52-week high of $112.17, trading at $111.96 during mid-day on Tuesday, marking a 2.2% increase in its value.
• Analyst ratings for Logitech have improved, with BNP Paribas upgrading it from "hold" to "strong buy" and raising the price target to $109.00, while the consensus rating is a "Moderate Buy" with a target price of $97.00.
• The company announced an increase in its annual dividend to $1.543 per share, representing a yield of 140.0%, up from its previous dividend of $1.37.

Logitech International S.A. (NASDAQ:LOGI - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $112.17 and last traded at $111.96, with a volume of 298591 shares changing hands. The stock had previously closed at $109.87.

Analyst Ratings Changes

LOGI has been the subject of a number of recent analyst reports. Barclays boosted their price objective on Logitech International from $92.00 to $107.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. BNP Paribas upgraded Logitech International from a "hold" rating to a "strong-buy" rating and boosted their price target for the stock from $100.00 to $109.00 in a research report on Tuesday, August 5th. Citigroup boosted their price target on Logitech International from $85.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. boosted their price target on Logitech International from $80.00 to $104.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, Wedbush boosted their price target on Logitech International from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $97.00.

Logitech International Trading Up 0.4%

The company has a fifty day simple moving average of $100.47 and a two-hundred day simple moving average of $89.64.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The technology company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.18. Logitech International had a return on equity of 30.81% and a net margin of 13.78%.The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the business posted $1.13 EPS. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Logitech International has set its Q2 2026 guidance at EPS. As a group, equities 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, insider Prakash Arunkundrum sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $111.03, for a total transaction of $555,150.00. Following the completion of the sale, the insider directly owned 62,437 shares of the company's stock, valued at approximately $6,932,380.11. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.19% of the company's stock.

Institutional Trading of Logitech International

Several hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its stake in Logitech International by 40.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,658 shares of the technology company's stock valued at $731,000 after purchasing an additional 2,497 shares in the last quarter. Brown Advisory Inc. grew its position in shares of 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 period. Envestnet Asset Management Inc. grew its position in shares of Logitech International by 8.9% in the first quarter. Envestnet Asset Management Inc. now owns 109,716 shares of the technology company's stock valued at $9,261,000 after purchasing an additional 8,971 shares during the period. Farther Finance Advisors LLC grew its position in shares of Logitech International by 87.3% in the first quarter. Farther Finance Advisors LLC now owns 940 shares of the technology company's stock valued at $80,000 after purchasing an additional 438 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Logitech International by 8,341.0% in the first quarter. GAMMA Investing LLC now owns 12,155 shares of the technology company's stock valued at $1,026,000 after acquiring an additional 12,011 shares during the last quarter. 45.76% of the stock is owned by institutional investors and hedge funds.

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.