Logitech International S.A (NASDAQ: LOGI) is 18.30% higher on its value in year-to-date trading and has touched a low of $74.72 and a high of $102.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LOGI stock was last observed hovering at around $99.26 in the last trading session, with the day’s loss setting it -1.84%.
Currently trading at $97.42, the stock is 9.10% and 14.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing -1.85% at the moment leaves the stock 11.36% off its SMA200. LOGI registered 15.37% gain for a year compared to 6-month loss of 7.56%. The firm has a 50-day simple moving average (SMA 50) of $85.0332 and a 200-day simple moving average (SMA200) of $87.48595.
The stock witnessed a 17.88% gain in the last 1 month and extending the period to 3 months gives it a 15.13%, and is 6.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.88% over the week and 2.05% over the month.
Logitech International S.A (LOGI) has around 7300 employees, a market worth around $14.56B and $4.56B in sales. Current P/E ratio is 22.91 and Fwd P/E is 20.60. Profit margin for the company is 14.38%. Distance from 52-week low is 30.38% and -5.04% from its 52-week high. The company has generated returns on investments over the last 12 months (30.03%).
with sales reaching $1.02B over the same period.The EPS is expected to grow by 6.49% this year, but quarterly earnings will post 5.67% year-over-year. Quarterly sales are estimated to grow 1.14% in year-over-year returns.
Logitech International S.A (LOGI) Top Institutional Holders
727.0 institutions hold shares in Logitech International S.A (LOGI), with institutional investors hold 60.83% of the company’s shares. The shares outstanding are 149.44M, and float is at 131.25M with Short Float at 4.47%. Institutions hold 60.67% of the Float.
The top institutional shareholder in the company is ACADIAN ASSET MANAGEMENT LLC with over 6.67 million shares valued at $644.64 million. The investor’s holdings represent 4.2514% of the LOGI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.25 million shares valued at $605.59 million to account for 3.9872 of the shares outstanding. The other top investors are UBS ASSET MANAGEMENT AMERICAS INC which holds 4.79 million shares representing 3.0576% and valued at over $464.4 million, while VONTOBEL HOLDING LTD. holds 2.8081 of the shares totaling 4.4 million with a market value of $425.83 million.
Logitech International S.A (LOGI) Insider Activity
The most recent transaction is an insider sale by Harnett Samantha, the company’s CHIEF LEGAL OFFICER. SEC filings show that Harnett Samantha sold 280 shares of the company’s common stock on Nov 27 ’24 at a price of $80.09 per share for a total of $22425.0. Following the sale, the insider now owns 7648.0 shares.
Logitech International S.A disclosed in a document filed with the SEC on Oct 24 ’24 that GECHT GUY (Director) bought a total of 2,500 shares of the company’s common stock. The trade occurred on Oct 24 ’24 and was made at $81.12 per share for $0.2 million. Following the transaction, the insider now directly holds 18503.0 shares of the LOGI stock.
Still, SEC filings show that on May 03 ’24, BOYNTON CHARLES D (Chief Financial Officer) acquired 1,225 shares at an average price of $81.27 for $99560.0. The insider now directly holds 1,225 shares of Logitech International S.A (LOGI).
