Logitech Worldwide (NASDAQ:LOGI)‘s inventory had its “impartial” score reissued by funding analysts at UBS Group in a analysis notice issued to buyers on Monday, The Fly experiences.
Quite a lot of different analysis companies have additionally lately commented on LOGI. Smith Barney Citigroup lifted their goal value on Logitech Worldwide from $105.00 to $110.00 in a analysis report on Monday, December twenty first. Zacks Investment Research upgraded Logitech Worldwide from a “maintain” score to a “strong-buy” score and set a $121.00 goal value on the inventory in a analysis report on Friday, January twenty second. Citigroup boosted their value goal on Logitech Worldwide from $110.00 to $130.00 in a analysis report on Wednesday, January twentieth. Citigroup Inc. 3% Minimal Coupon Principal Protected Based mostly Upon Russell boosted their value goal on Logitech Worldwide from $105.00 to $110.00 in a analysis report on Monday, December twenty first. Lastly, Morgan Stanley boosted their value goal on Logitech Worldwide from $113.00 to $116.00 and gave the corporate an “obese” score in a analysis report on Wednesday, January twentieth. One equities analysis analyst has rated the inventory with a promote score, three have given a maintain score, seven have assigned a purchase score and one has given a robust purchase score to the corporate. The inventory has a median score of “Purchase” and a consensus goal value of $108.33.
NASDAQ LOGI traded down $3.31 throughout buying and selling on Monday, reaching $113.10. 40,990 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 902,693. The corporate has a 50 day shifting common value of $106.67 and a two-hundred day shifting common value of $87.47. Logitech Worldwide has a 1 yr low of $31.37 and a 1 yr excessive of $120.24. The inventory has a market cap of $18.89 billion, a P/E ratio of 28.78 and a beta of 0.88.
Logitech Worldwide (NASDAQ:LOGI) final posted its earnings outcomes on Sunday, January seventeenth. The know-how firm reported $2.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $1.32. Logitech Worldwide had a return on fairness of 38.26% and a web margin of 18.31%. The enterprise had income of $1.67 billion for the quarter, in comparison with analysts’ expectations of $1.25 billion. Throughout the identical quarter within the earlier yr, the agency earned $0.69 earnings per share. As a gaggle, analysis analysts anticipate that Logitech Worldwide will put up 3.99 earnings per share for the present fiscal yr.
In associated information, Director Didier Hirsch offered 3,506 shares of the corporate’s inventory in a transaction that occurred on Monday, November thirtieth. The inventory was offered at a median value of $88.97, for a complete worth of $311,928.82. Following the sale, the director now owns 9,559 shares of the corporate’s inventory, valued at roughly $850,464.23. The transaction was disclosed in a submitting with the SEC, which is offered by this link. Additionally, CEO Bracken Darrell offered 41,666 shares of the corporate’s inventory in a transaction that occurred on Tuesday, December 1st. The shares have been offered at a median value of $87.67, for a complete worth of $3,652,858.22. Following the completion of the sale, the chief government officer now immediately owns 806,838 shares within the firm, valued at roughly $70,735,487.46. The disclosure for this sale may be discovered here. Insiders have offered a complete of 139,683 shares of firm inventory value $13,548,020 within the final three months. Company insiders personal 1.10% of the corporate’s inventory.
Quite a lot of hedge funds have lately purchased and offered shares of LOGI. Achmea Funding Administration B.V. raised its holdings in Logitech Worldwide by 462.4% within the 4th quarter. Achmea Funding Administration B.V. now owns 65,722 shares of the know-how firm’s inventory valued at $6,388,000 after buying a further 54,036 shares over the past quarter. Truist Monetary Corp elevated its holdings in Logitech Worldwide by 13.4% within the 4th quarter. Truist Monetary Corp now owns 3,783 shares of the know-how firm’s inventory valued at $368,000 after buying a further 446 shares within the final quarter. United Capital Monetary Advisers LLC elevated its holdings in Logitech Worldwide by 7.5% within the 4th quarter. United Capital Monetary Advisers LLC now owns 72,695 shares of the know-how firm’s inventory valued at $7,065,000 after buying a further 5,069 shares within the final quarter. Advisor Companions LLC elevated its holdings in Logitech Worldwide by 3.6% within the 4th quarter. Advisor Companions LLC now owns 6,016 shares of the know-how firm’s inventory valued at $585,000 after buying a further 211 shares within the final quarter. Lastly, Cetera Funding Advisers acquired a brand new stake in Logitech Worldwide within the 4th quarter valued at $882,000. 33.66% of the inventory is at present owned by hedge funds and different institutional buyers.
Logitech Worldwide Firm Profile
Logitech Worldwide SA, by its subsidiaries, designs, manufactures, and markets merchandise that helps individuals hook up with digital and cloud experiences. The corporate provides pointing units, similar to wi-fi mouse and trackball; corded and cordless keyboards, front room 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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