Logitech International (NASDAQ:LOGI) Sets New 1-Year High - Should You Buy?

Key Points

• Logitech International's share price reached a new 52-week high of $114.12, closing at $112.97 with significant trading volume.
• Equities analysts are bullish on Logitech, with several firms raising their price targets, including Barclays at $107.00 and Wedbush at $115.00, resulting in an average rating of "Moderate Buy."
• The company reported strong earnings with an EPS of $1.26 for the last quarter, exceeding expectations and demonstrating a 5.5% increase in revenue year-over-year.

Logitech International S.A. (NASDAQ:LOGI - Get Free Report)'s share price hit a new 52-week high during trading on Saturday . The company traded as high as $114.12 and last traded at $112.97, with a volume of 384484 shares trading hands. The stock had previously closed at $112.65.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LOGI shares. Barclays increased their target price on Logitech International from $92.00 to $107.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price objective on Logitech International from $80.00 to $104.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. 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. Wedbush increased their price objective on Logitech International from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, BNP Paribas Exane raised Logitech International from a "neutral" rating to an "outperform" rating and set a $109.00 target price for the company in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $97.00.

Logitech International Trading Up 0.3%

The stock has a fifty day simple moving average of $103.43 and a 200-day simple moving average of $90.90. The company has a market capitalization of $17.87 billion, a PE ratio of 26.83, a P/E/G ratio of 4.13 and a beta of 1.00.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The technology company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.18. The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.13 billion. Logitech International had a return on equity of 30.81% and a net margin of 13.78%.The business's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 earnings per share. Logitech International has set its Q2 2026 guidance at EPS. As a group, equities research analysts predict that Logitech International S.A. will post 4.21 EPS for the current year.

Insider Transactions at Logitech International

In other Logitech International news, insider Prakash Arunkundrum sold 9,900 shares of the business's stock in a transaction that occurred 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 owned 57,437 shares in the company, valued at approximately $6,030,885. The trade was a 14.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company's stock.

Institutional Investors Weigh In On Logitech International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC purchased a new stake in Logitech International in the 2nd quarter valued at approximately $27,000. Quarry LP purchased a new position in shares of Logitech International in the 1st quarter worth $33,000. Westerkirk Capital Inc. acquired a new stake in Logitech International in the 2nd quarter valued at $36,000. Groupe la Francaise acquired a new stake in Logitech International in the 2nd quarter valued at $47,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Logitech International by 40.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company's stock valued at $52,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other 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.

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