Logitech International S.A. (NASDAQ:LOGI) Insider Sells $22,425.20 in Stock

Logitech International S.A. (NASDAQ:LOGI) insider Samantha Harnett sold 280 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $80.09, for a total value of $22,425.20. Following the completion of the sale, the insider now directly owns 7,648 shares of the company’s stock, valued at approximately $612,528.32. The trade was a 3.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Logitech International Trading Up 2.1 %

Shares of NASDAQ LOGI opened at $80.89 on Friday. The firm has a market capitalization of $12.79 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.80 and a beta of 0.81. The firm’s 50-day moving average price is $83.32 and its 200-day moving average price is $88.96. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $102.59.

Logitech International Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were paid a dividend of $1.3687 per share. This is an increase from Logitech International’s previous annual dividend of $1.19. This represents a yield of 1.4%. The ex-dividend date was Tuesday, September 24th.

Analysts Set New Price Targets

Several brokerages recently commented on LOGI. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Loop Capital decreased their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Barclays dropped their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Wedbush reissued a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Logitech International presently has an average rating of “Hold” and a consensus target price of $93.00.

Institutional Investors Weigh In On Logitech International

Hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Logitech International in the 2nd quarter worth $35,000. Employees Retirement System of Texas acquired a new position in Logitech International during the second quarter worth $63,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Logitech International by 139.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after buying an additional 495 shares in the last quarter. Transamerica Financial Advisors Inc. grew its holdings in shares of Logitech International by 115,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after buying an additional 1,153 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Logitech International during the third quarter worth about $105,000. Institutional investors and hedge funds 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.