NASDAQ:LOGI

Logitech International (LOGI) Stock Forecast, Price & News

$66.42

-2.38 (-3.46%)

(As of 09/26/2023 ET)

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Today's Range: $65.31
▼
$66.97
50-Day Range: $62.90
▼
$72.38
52-Week Range: $41.81
▼
$73.70

Volume: 675,106 shs
Average Volume: 427,181 shs
Market Capitalization: $10.50 billion

P/E Ratio: 33.04
Dividend Yield: N/A
Price Target: $70.75

Logitech International MarketRank™ Forecast

Analyst Rating: Reduce
1.80 Rating Score
Upside/Downside: 6.5% Upside
$70.75 Price Target
Short Interest: Healthy
1.62% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.66
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 31.73%
From $2.49 to $3.28 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Computer And Technology Sector

342nd out of 585 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

6th out of 10 stocks

0.9

Analyst's Opinion

Consensus Rating
Logitech International has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on 1 buy rating, 6 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $70.75, Logitech International has a forecasted upside of 6.5% from its current price of $66.42.
Amount of Analyst Coverage
Logitech International has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.62% of the float of Logitech International has been sold short.
Short Interest Ratio / Days to Cover
Logitech International has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Logitech International has recently decreased by 15.38%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Logitech International does not currently pay a dividend.
Dividend Growth
Logitech International has been increasing its dividend for 10 years.
Dividend Sustainability
Based on earnings estimates, Logitech International will have a dividend payout ratio of 36.28% next year. This indicates that Logitech International will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LOGI.

2.6

News and Social Media Coverage

News Sentiment
Logitech International has a news sentiment score of 0.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Logitech International this week, compared to 7 articles on an average week.
Search Interest
Only 1 people have searched for LOGI on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
4 people have added Logitech International to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Logitech International insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.15% of the stock of Logitech International is held by insiders.
Percentage Held by Institutions
Only 38.58% of the stock of Logitech International is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Logitech International are expected to grow by 31.73% in the coming year, from $2.49 to $3.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Logitech International is 33.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Logitech International is 33.04, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 264.26.
Price to Book Value per Share Ratio
Logitech International has a P/B Ratio of 4.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Logitech International (NASDAQ:LOGI) Stock

Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices. It also provides keyboards, mice, headsets, and simulation products, such as gamepads, steering wheels, simulation controllers, console gaming headsets, and streamlabs services; video conferencing products, such as ConferenceCams, which combine enterprise-quality audio and high-definition video to bring video conferencing to businesses of any size; webcams and headsets that turn desktop into collaboration space; and controller for video conferencing room solutions. In addition, the company offers portable wireless Bluetooth and Wi-Fi connected speakers, mobile speakers, PC speakers, PC headsets, microphones, in-ear headphones, and wireless audio wearables. Its channel network includes consumer electronics distributors, retailers, e-tailers, computer and telecommunications stores, value-added resellers, and online merchants. The company sells its products under the Logitech, Logitech G, ASTRO Gaming, Streamlabs, Blue Microphones, and Ultimate Ears brands. Logitech International S.A. was incorporated in 1981 and is headquartered in Lausanne, Switzerland.

LOGI Price History

30 days | 90 days | 365 days | Advanced Chart

LOGI Stock News Headlines

September 22, 2023 | marketbeat.com

Analysts Went All In On These Computer Stocks, Save Your Spot (LOGI)

As the computer industry begins to find a potential bottom, these stocks stand as clear outliers enjoying all the love from analysts and broader markets

September 26, 2023 | americanbankingnews.com

Logitech International Target of Unusually High Options Trading (NASDAQ:LOGI)

September 27, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."

September 25, 2023 | investing.com

Logitech International SA (LOGNE)

September 25, 2023 | finance.yahoo.com

Logitech International SA (LOGI): A Deep Dive into Its Dividend Performance and Sustainability

September 23, 2023 | seekingalpha.com

Logitech: A Sell Opportunity As Earnings Struggle And Valuation Is High

September 23, 2023 | americanbankingnews.com

Logitech International (NASDAQ:LOGI) Rating Increased to Buy at StockNews.com

September 20, 2023 | msn.com

Logitech delivers a new array of streaming accessories

September 27, 2023 | Edge On The Street (Ad)

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September 19, 2023 | msn.com

The Logitech gaming keyboard I LOVE is over $100 off, but there's a catch

September 19, 2023 | yahoo.com

Logitech’s latest Yeti mics are all in on RGB

September 19, 2023 | americanbankingnews.com

Logitech International S.A. (NASDAQ:LOGI) Receives Consensus Rating of "Reduce" from Brokerages

September 17, 2023 | americanbankingnews.com

Logitech International (NASDAQ:LOGI) Sees Unusually-High Trading Volume

September 15, 2023 | msn.com

Logitech gains amid activist investor speculation

September 15, 2023 | finance.yahoo.com

Logitech Awarded Diversity Prize by the Cercle Suisse Des Administratrices

September 13, 2023 | technews.tmcnet.com

Logitech? ?Shareholders? ?Approve? ?All Proposals,? ?Including? ?Increased Dividend,? At ?Annual? ?General? ?Meeting

September 13, 2023 | msn.com

Logitech’s first document camera reaches places that other webcams can’t

September 13, 2023 | benzinga.com

Logitech Shareholders Approve All Proposals, Including Increased Dividend, At Annual General Meeting

September 13, 2023 | finance.yahoo.com

Logitech Shareholders Approve All Proposals, Including Increased Dividend, At Annual General Meeting

September 13, 2023 | msn.com

The Logitech Reach could be the webcam of the year — here’s why

September 13, 2023 | news.yahoo.com

Logitech's Reach camera has an articulating arm that lets you point it just about anywhere

September 6, 2023 | finance.yahoo.com

New EPICBOOM Speaker Launches with Fresh, Portable Design and Huge 360° Sound

September 5, 2023 | msn.com

The Logitech G Pro X Superlight 2 improves an already great gaming mouse

September 5, 2023 | finance.yahoo.com

Logitech G Takes Esports Performance to New Levels With New PRO Series Gear

August 30, 2023 | finanznachrichten.de

Logitech International: Designing for Sustainability Drives Progress Along Logitech's Sustainability Journey

August 30, 2023 | benzinga.com

Designing for Sustainability Drives Progress Along Logitech's Sustainability Journey

August 30, 2023 | finance.yahoo.com

Designing for Sustainability Drives Progress Along Logitech’s Sustainability Journey

See More Headlines

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LOGI Company Calendar

Last Earnings: 7/24/2023
Ex-Dividend for 9/27 Dividend: 9/25/2023
Today: 9/27/2023
Dividend Payable: 9/27/2023
Next Earnings (Estimated): 10/23/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer peripheral equipment, not elsewhere classified
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:LOGI
CUSIP: N/A
CIK: 1032975
Web: www.logitech.com
Phone: (121) 863-5511
Fax: 41-0-21-863-5512
Employees: 2,400
Year Founded: 1981

Price Target and Rating

Average Stock Price Forecast: $70.75
High Stock Price Forecast: $91.00
Low Stock Price Forecast: $47.00
Forecasted Upside/Downside: +6.5%
Consensus Rating: Reduce
Rating Score (0-4): 1.80
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.01
Trailing P/E Ratio: 33.04
Forward P/E Ratio: 26.67
P/E Growth: N/A
Net Income: $364.58 million
Net Margins: 7.50%
Pretax Margin: 9.56%
Return on Equity: 19.75%
Return on Assets: 12.23%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.61
Quick Ratio: 2.01

Sales & Book Value

Annual Sales: $4.54 billion
Price / Sales: 2.31
Cash Flow: $3.19 per share
Price / Cash Flow: 20.82
Book Value: $13.80 per share
Price / Book: 4.81

Miscellaneous

Outstanding Shares: 158,150,000
Free Float: 157,910,000
Market Cap: $10.50 billion
Optionable: Optionable
Beta: 0.86

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Key Executives

Mr. Guy Gecht (Age 58)
Director & Interim CEO
Comp: $302.26k

Mr. Charles D. Boynton (Age 55)
Chief Financial Officer
Comp: $628.88k

Mr. Prakash Arunkundrum (Age 47)
COO & Head of Sustainability
Comp: $662.45k

Ms. Samantha E. Harnett (Age 47)
Chief Legal Officer & Sec.
Comp: $661.77k

Kirsty Russell
Head of People & Culture

Mr. Alastair Curtis
Chief Design Officer

Nicole Kenyon
Head of Global Corp. & Employee Communications - USA

Mr. Anand Lakshmanan
Head of India

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LOGI Stock - Frequently Asked Questions

Should I buy or sell Logitech International stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Logitech International in the last year. There are currently 3 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" LOGI shares.
View LOGI analyst ratings or view top-rated stocks.
What is Logitech International's stock price forecast for 2023?: 10 brokerages have issued 1 year price targets for Logitech International's stock. Their LOGI share price forecasts range from $47.00 to $91.00. On average, they predict the company's share price to reach $70.75 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
View analysts price targets for LOGI or view top-rated stocks among Wall Street analysts.
How have LOGI shares performed in 2023?: Logitech International's stock was trading at $62.25 at the beginning of the year. Since then, LOGI shares have increased by 6.7% and is now trading at $66.42.
View the best growth stocks for 2023 here.
When is Logitech International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our LOGI earnings forecast.
How were Logitech International's earnings last quarter?: Logitech International S.A. (NASDAQ:LOGI) issued its earnings results on Monday, July, 24th. The technology company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.15. The technology company earned $974.50 million during the quarter, compared to the consensus estimate of $916.69 million. Logitech International had a net margin of 7.50% and a trailing twelve-month return on equity of 19.75%.
How often does Logitech International pay dividends? What is the dividend yield for Logitech International?: Logitech International declared an annual dividend on Wednesday, September 13th. Stockholders of record on Tuesday, September 26th will be given a dividend of $1.1876 per share on Wednesday, September 27th. This represents a yield of 1.4%. The ex-dividend date of this dividend is Monday, September 25th. This is a boost from the stock's previous annual dividend of $0.98.
Read our dividend analysis for LOGI.
What ETF holds Logitech International's stock ?: SPDR S&P Kensho Intelligent Structures ETF holds 6,348 shares of LOGI stock, representing 1.90% of its portfolio.
How will Logitech International's stock buyback program work?: Logitech International announced that its board has initiated a share repurchase program on Wednesday, June 21st 2023, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 10.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.
What guidance has Logitech International issued on next quarter's earnings?: Logitech International issued an update on its FY 2024 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.80 billion-$4.00 billion, compared to the consensus revenue estimate of $4.10 billion.

What is Bracken Darrell's approval rating as Logitech International's CEO?: 90 employees have rated Logitech International Chief Executive Officer Bracken Darrell on Glassdoor.com. Bracken Darrell has an approval rating of 97% among the company's employees. This puts Bracken Darrell in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Logitech International own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Logitech International investors own include NVIDIA (NVDA), Micron Technology (MU), PayPal (PYPL), Advanced Micro Devices (AMD), AbbVie (ABBV), Walt Disney (DIS), Intel (INTC), QUALCOMM (QCOM), Salesforce (CRM) and AT&T (T).
What is Logitech International's stock symbol?: Logitech International trades on the NASDAQ under the ticker symbol "LOGI."
Who are Logitech International's major shareholders?: Logitech International's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vontobel Holding Ltd. (4.59%), Credit Suisse AG (3.96%), Capital World Investors (2.77%), Alliancebernstein L.P. (1.00%), Renaissance Technologies LLC (0.68%) and Credit Agricole S A (0.49%). Insiders that own company stock include Bracken Darrell, Didier Hirsch, Nathan Olmstead, Neela Montgomery, Patrick Aebischer, Prakash Arunkundrum and Samantha Harnett.
View institutional ownership trends.
How do I buy shares of Logitech International?: Shares of LOGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Logitech International's stock price today?: One share of LOGI stock can currently be purchased for approximately $66.42.
How much money does Logitech International make?: Logitech International (NASDAQ:LOGI) has a market capitalization of $10.50 billion and generates $4.54 billion in revenue each year. The technology company earns $364.58 million in net income (profit) each year or $2.01 on an earnings per share basis.
How many employees does Logitech International have?: The company employs 2,400 workers across the globe.
Does Logitech International have any subsidiaries?: The following companies are subsidiares of Logitech International: BLUE Microphones, Baltic Latvian Universal Electronics LLC, Beyond Entertainment, Blue Microphones Holding Corporation, General Workings Inc., Intrigue Technologies Inc., JayBird, Labtec Europe S.A., LifeSize Communications Inc., Liminal Collective Inc., Limited Liability Company "Logitech Ukraine", Limited Liability Company “Logitech”, Logi Computer Peripherals (Malaysia) Sdn. Bhd, Logi Peripherals Technologies (South Africa) (Proprietary) Limited, LogiCool Co. Ltd, Logitech (China) Technology Company Limited, Logitech (Slim Devices) Inc., Logitech (Streaming Media) Inc., Logitech (Streaming Media) S.A., Logitech Argentina S.R.L., Logitech Asia Logistics Limited, Logitech Asia Pacific Limited, Logitech Australia Computer Peripherals Pty Limited, Logitech Benelux B.V., Logitech Canada Inc., Logitech Do Brasil Comercio de Acessorios de Informatica Ltda., Logitech Electronic (India) Private Limited, Logitech Engineering & Designs India Private Limited, Logitech Espana BCN SL, Logitech Europe S.A., Logitech Far East Limited, Logitech GmbH, Logitech Hellas MEPE, Logitech Hong Kong Limited, Logitech Inc., Logitech Ireland Services Limited, Logitech Italia SRL, Logitech JB Australia Pty Ltd., Logitech Korea Ltd, Logitech Latin America Inc., Logitech Middle East FZ-LLC, Logitech New Zealand Co. Limited, Logitech Nordic AB, Logitech Norway AS, Logitech Philippines Inc., Logitech Poland Spolka z.o.o, Logitech S.A., Logitech Schweiz AG, Logitech Service Asia Pacific Pte Ltd, Logitech Services S.A., Logitech Servicios Latinoamérica S.A de C.V, Logitech Singapore Pte Ltd, Logitech Technology (Shenzhen) Consulting Company Limited, Logitech Technology (Suzhou) Company Limited, Logitech Turkey Computer Marketing Services LLC, Logitech U.K. Limited, Logitech Upicto GmbH, Logitech Vietnam Company Limited, Logitech de Mexico S.A. de C.V., Meetio AB, Meetio Holding AB, Meetio Inc., Mevo Inc., Mirial, Paradial, SAS Logitech France, SightSpeed, SightSpeed Inc., Slim Devices, SpotLife, Streamlabs, Streamlabs Canada Inc., Streamlabs LLC, TT Design Labs, UE Acquisition Inc., Ultimate Ears, Ultimate Ears Incorporated, Upicto, and WiLife Inc..
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How can I contact Logitech International?: Logitech International's mailing address is EPFL QUARTIER DE L`INNOVATION DANIEL BOREL INNOVATION CENTER, LAUSANNE V8, CH1015. The official website for the company is www.logitech.com. The technology company can be reached via phone at (121) 863-5511, via email at ir@logitech.com, or via fax at 41-0-21-863-5512.

This page (NASDAQ:LOGI) was last updated on 9/27/2023 by MarketBeat.com Staff

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