Logitech International (NASDAQ:LOGI) Sets New 1-Year High - Here's What Happened

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) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $108.95 and last traded at $108.52, with a volume of 41035 shares. The stock had previously closed at $107.79.

Wall Street Analysts Forecast Growth

LOGI has been the topic of a number of research analyst reports. Citigroup lifted their target price on Logitech International from $85.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Morgan Stanley lifted their target price on Logitech International from $74.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Barclays lifted their target price on Logitech International from $92.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their target price 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, BNP Paribas raised Logitech International from a "hold" rating to a "strong-buy" rating and raised their price target for the stock from $100.00 to $109.00 in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.00.

Logitech International Trading Up 0.4%

The stock has a fifty day simple moving average of $97.75 and a two-hundred day simple moving average of $89.10. The company has a market cap of $17.11 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 4.91 and a beta of 0.97.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.18. Logitech International had a net margin of 13.78% and a return on equity of 30.81%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm earned $1.13 EPS. The company'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 research analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Logitech International Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Tuesday, September 23rd will be given a dividend of $1.543 per share. This represents a dividend yield of 140.0%. The ex-dividend date is Tuesday, September 23rd. This is a positive change from Logitech International's previous annual dividend of $1.37. Logitech International's payout ratio is 12.40%.

Insider Activity

In other news, insider Prakash Arunkundrum sold 9,900 shares of Logitech International stock in a transaction that occurred on Thursday, September 4th. The shares were 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 directly owned 57,437 shares in the company, valued at approximately $6,030,885. This trade represents a 14.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.19% of the company's stock.

Institutional Investors Weigh In On Logitech International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Logitech International by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,308 shares of the technology company's stock valued at $543,347,000 after buying an additional 66,175 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Logitech International by 1.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,207,416 shares of the technology company's stock valued at $355,148,000 after buying an additional 59,150 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Logitech International by 2.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,148,266 shares of the technology company's stock valued at $341,610,000 after buying an additional 85,278 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Logitech International by 91.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,701,985 shares of the technology company's stock valued at $152,757,000 after buying an additional 815,280 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Logitech International by 13.5% in the 1st quarter. Deutsche Bank AG now owns 1,449,739 shares of the technology company's stock valued at $122,372,000 after buying an additional 172,320 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company's stock.

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.

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