Logitech International (NASDAQ:LOGI) Reaches New 52-Week High - Time to Buy?

Key Points

• Logitech International shares reached a new 52-week high of $108.95 during trading, closing at $108.52 with a volume of 41,035 shares.
• Analysts have increased their price targets for Logitech, with a consensus target price of $97.00 and ratings ranging from "Strong Buy" to "Hold."
• The company has declared an annual dividend of $1.543 per share, demonstrating a positive change from the previous dividend of $1.37.

Logitech International S.A. (NASDAQ:LOGI - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $108.95 and last traded at $108.52, with a volume of 41035 shares changing hands. The stock had previously closed at $107.79.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Logitech International from $80.00 to $104.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Barclays lifted their price target on Logitech International from $92.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. BNP Paribas Exane raised Logitech International from a "neutral" rating to an "outperform" rating and set a $109.00 price objective for the company in a report on Tuesday, August 5th. Citigroup boosted their price objective on Logitech International from $85.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Finally, BNP Paribas raised Logitech International from a "hold" rating to a "strong-buy" rating and boosted their price objective for the stock from $100.00 to $109.00 in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $97.00.

Logitech International Stock Performance

The business has a 50 day moving average price of $98.69 and a 200-day moving average price of $89.10.

Logitech International (NASDAQ:LOGI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the prior year, the business posted $1.13 EPS. The business's revenue was up 5.5% compared to the same quarter last year. Logitech International has set its Q2 2026 guidance at EPS. On average, research analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current year.

Logitech International Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Tuesday, September 23rd will be paid a dividend of $1.543 per share. The ex-dividend date is Tuesday, September 23rd. This represents a dividend yield of 140.0%. This is an increase from Logitech International's previous annual dividend of $1.37. Logitech International's dividend payout ratio (DPR) is currently 32.78%.

Insider Transactions at Logitech International

In other Logitech International news, insider Prakash Arunkundrum sold 9,900 shares of the firm's 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 completion of the sale, the insider owned 57,437 shares of the company's stock, valued at $6,030,885. This trade represents a 14.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LOGI. Sound Income Strategies LLC bought a new position in Logitech International during the 2nd quarter worth $27,000. Quarry LP acquired a new stake in Logitech International in the first quarter valued at about $33,000. Westerkirk Capital Inc. acquired a new stake in Logitech International in the second quarter valued at about $36,000. Groupe la Francaise bought a new stake in shares of Logitech International during the second quarter worth about $47,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Logitech International by 40.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company's stock worth $52,000 after purchasing an additional 165 shares during the last quarter. Institutional investors 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.