Logitech International (NASDAQ:LOGI) Shares Cross Below 200-Day Moving Average - Here's What Happened

Key Points

• Logitech shares fell below their 200-day moving average of $99.72, trading as low as $97.61 and last changing hands near $98.27.
• The company beat fiscal Q2 expectations with adjusted EPS of $1.51 and revenue of $1.22 billion, but weaker holiday guidance, a chip-supplier disruption, margin pressure and soft free cash flow weighed on investor sentiment.
• Analyst opinion remains mixed: Barclays raised its price target to $110, while Morgan Stanley maintained an “underweight” rating at $94; overall, analysts have a consensus “Hold” rating and an average target of $106.29.

Shares of Logitech International S.A. (NASDAQ:LOGI - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $99.72 and traded as low as $97.61. Logitech International shares last traded at $98.27, with a volume of 3,047,688 shares changing hands.

Logitech International News Summary

Here are the key news stories impacting Logitech International this week:

• Positive Sentiment: Logitech reported fiscal Q2 adjusted earnings of $1.51 per share, above the $1.34 analyst consensus, while revenue of $1.22 billion also exceeded expectations and increased 2.8% year over year. Gaming and conferencing products supported sales. Logitech Announces Q2 Fiscal Year 2027 Results
• Positive Sentiment: Barclays raised its price target from $101 to $110 while maintaining an “equal weight” rating, suggesting the selloff may have created some valuation support. Barclays Logitech stock recommendations
• Neutral Sentiment: Logitech filed its fiscal Q2 Form 10-Q with the SEC, providing the company’s detailed quarterly financial disclosures. Logitech Files Quarterly Report on Form 10-Q
• Negative Sentiment: Management’s holiday-period outlook disappointed investors. A chip-supplier incident is disrupting production, with the company indicating that the third quarter will bear much of the impact, raising concerns about near-term revenue, inventory and profitability. Logitech Sinks on Weak Holiday Guidance
• Negative Sentiment: Analysts also highlighted weaker margins, declining earnings quality and soft free cash flow. These concerns overshadowed the quarterly beat and prompted profit-taking after Logitech’s recent gains. Reuters Logitech margin concerns
• Negative Sentiment: Morgan Stanley raised its price target from $90 to $94 but retained an “underweight” rating, indicating limited upside despite the higher target. Morgan Stanley Logitech stock recommendations

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wedbush lowered their price target on Logitech International from $135.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday, July 29th. Morgan Stanley raised their price objective on Logitech International from $90.00 to $94.00 and gave the company an "underweight" rating in a research note on Wednesday. Barclays lifted their price objective on Logitech International from $101.00 to $110.00 and gave the stock an "equal weight" rating in a report on Wednesday. Wall Street Zen upgraded Logitech International from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Finally, Weiss Ratings lowered Logitech International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $106.29.

Logitech International Stock Performance

The company has a market capitalization of $14.41 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 4.08 and a beta of 1.14. The stock's fifty day simple moving average is $102.01 and its 200-day simple moving average is $99.72.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The technology company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.17. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. Logitech International had a net margin of 16.28% and a return on equity of 37.30%. The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 earnings per share. On average, equities analysts anticipate that Logitech International S.A. will post 5.14 EPS for the current year.

Insider Transactions at Logitech International

In other Logitech International news, insider Samantha Harnett sold 16,265 shares of Logitech International stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $101.35, for a total value of $1,648,457.75. Following the completion of the sale, the insider directly owned 37,097 shares of the company's stock, valued at approximately $3,759,780.95. The trade was a 30.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.15% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Modera Wealth Management LLC acquired a new stake in shares of Logitech International during the third quarter worth $2,981,000. Generali Asset Management SPA SGR purchased a new stake in shares of Logitech International in the third quarter valued at $516,000. Park Avenue Securities LLC purchased a new stake in shares of Logitech International in the third quarter valued at $686,000. Signaturefd LLC increased its stake in Logitech International by 17.6% in the third quarter. Signaturefd LLC now owns 8,391 shares of the technology company's stock valued at $847,000 after purchasing an additional 1,257 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new position in Logitech International in the third quarter valued at $211,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Company Profile

Logitech International designs and manufactures hardware and software that connect people to digital devices and support communication, collaboration, content creation and gaming. Its products are sold under the Logitech brand and are used by consumers, businesses, educators, gamers and other professional users worldwide.

The company's portfolio includes computer mice and keyboards, webcams, headsets, microphones, speakers, video-conferencing systems, presentation tools and gaming peripherals.

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