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Shares of Logitech Worldwide S.A. (NASDAQ:LOGI – Get Free Report) have earned a median advice of “Maintain” from the eight rankings companies which might be protecting the agency, MarketBeat Scores studies. One equities analysis analyst has rated the inventory with a promote advice, six have given a maintain advice and one has issued a purchase advice on the corporate. The common 12-month goal value amongst brokerages which have issued a report on the inventory within the final yr is $70.75.
A number of equities analysis analysts have lately weighed in on LOGI shares. Barclays upped their value goal on Logitech Worldwide from $71.00 to $81.00 and gave the corporate an “chubby” score in a analysis notice on Tuesday, July twenty fifth. Loop Capital lifted their value goal on shares of Logitech Worldwide from $65.00 to $70.00 and gave the corporate a “maintain” score in a analysis notice on Monday, July thirty first. Morgan Stanley reissued an “equal weight” score and issued a $57.00 value goal on shares of Logitech Worldwide in a analysis notice on Thursday, July twentieth. StockNews.com assumed protection on Logitech Worldwide in a analysis notice on Thursday, October fifth. They issued a “purchase” score on the inventory. Lastly, Citigroup lifted their value goal on Logitech Worldwide from $70.00 to $75.00 in a analysis notice on Wednesday, July twenty sixth.
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Logitech Worldwide Inventory Down 0.5 %
Shares of Logitech Worldwide inventory opened at $71.06 on Friday. The inventory has a market capitalization of $11.24 billion, a P/E ratio of 35.35 and a beta of 0.84. The inventory has a 50 day transferring common value of $69.29 and a two-hundred day transferring common value of $64.11. Logitech Worldwide has a 12-month low of $43.04 and a 12-month excessive of $73.70.
Logitech Worldwide (NASDAQ:LOGI – Get Free Report) final launched its earnings outcomes on Monday, July twenty fourth. The know-how firm reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.15. The agency had income of $974.50 million throughout the quarter, in comparison with analyst estimates of $916.69 million. Logitech Worldwide had a web margin of seven.50% and a return on fairness of 19.75%. Promote-side analysts anticipate that Logitech Worldwide will put up 2.5 earnings per share for the present yr.
Logitech Worldwide Will increase Dividend
The enterprise additionally lately introduced an annual dividend, which was paid on Wednesday, September twenty seventh. Stockholders of file on Tuesday, September twenty sixth had been issued a dividend of $1.1876 per share. This can be a constructive change from Logitech Worldwide’s earlier annual dividend of $0.98. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, September twenty fifth.
Logitech Worldwide declared that its board has initiated a share buyback program on Wednesday, June twenty first that authorizes the corporate to buyback $1.00 billion in shares. This buyback authorization authorizes the know-how firm to repurchase as much as 10.5% of its inventory by means of open market purchases. Inventory buyback packages are sometimes a sign that the corporate’s board of administrators believes its shares are undervalued.
Hedge Funds Weigh In On Logitech Worldwide
A lot of institutional buyers and hedge funds have lately purchased and bought shares of the corporate. AE Wealth Administration LLC grew its holdings in shares of Logitech Worldwide by 15.0% throughout the third quarter. AE Wealth Administration LLC now owns 14,954 shares of the know-how firm’s inventory price $1,031,000 after buying an extra 1,951 shares over the past quarter. CWM LLC grew its stake in shares of Logitech Worldwide by 16.9% within the third quarter. CWM LLC now owns 1,127 shares of the know-how firm’s inventory price $78,000 after buying an extra 163 shares over the past quarter. Silverlake Wealth Administration LLC purchased a brand new stake in shares of Logitech Worldwide within the third quarter valued at about $202,000. Osaic Holdings Inc. lifted its stake in shares of Logitech Worldwide by 12.7% within the second quarter. Osaic Holdings Inc. now owns 19,570 shares of the know-how firm’s inventory price $1,163,000 after buying an extra 2,212 shares throughout the interval. Lastly, Orion Portfolio Options LLC boosted its holdings in Logitech Worldwide by 58.2% within the second quarter. Orion Portfolio Options LLC now owns 10,914 shares of the know-how firm’s inventory valued at $648,000 after buying an extra 4,013 shares over the past quarter. Institutional buyers and hedge funds personal 38.58% of the corporate’s inventory.
Logitech Worldwide Firm Profile
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Logitech Worldwide SA, by means of its subsidiaries, designs, manufactures, and markets merchandise that join individuals to working, creating, gaming, and streaming worldwide. The corporate provides pointing units, equivalent to wi-fi mouse; corded and cordless keyboards, lounge keyboards, and keyboard-and-mouse combos; PC webcams; and keyboards for tablets and smartphones, in addition to different equipment for cell units.
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This prompt information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected].
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