The stock of Logitech International SA (USA) (NASDAQ:LOGI) is a huge mover today! About 324,467 shares traded hands. Logitech International SA (USA) (NASDAQ:LOGI) has risen 46.51% since February 29, 2016 and is uptrending. It has outperformed by 34.29% the S&P500.
The move comes after 9 months positive chart setup for the $4.08 billion company. It was reported on Oct, 3 by Barchart.com. We have $37.37 PT which if reached, will make NASDAQ:LOGI worth $2.41B more.
Analysts await Logitech International SA (USA) (NASDAQ:LOGI) to report earnings on October, 19. They expect $0.16 earnings per share, down 11.11% or $0.02 from last year’s $0.18 per share. LOGI’s profit will be $27.78 million for 36.72 P/E if the $0.16 EPS becomes a reality. After $0.15 actual earnings per share reported by Logitech International SA (USA) for the previous quarter, Wall Street now forecasts 6.67% EPS growth.
Logitech International SA (USA) (NASDAQ:LOGI) Ratings Coverage
Out of 4 analysts covering Logitech Intl SA (NASDAQ:LOGI), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Logitech Intl SA has been the topic of 4 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The rating was initiated by Rosenblatt on Wednesday, August 19 with “Buy”. The firm earned “Equal-Weight” rating on Wednesday, August 10 by Morgan Stanley. The firm earned “Neutral” rating on Tuesday, April 5 by Sterne Agee CRT. The stock of Logitech International SA (USA) (NASDAQ:LOGI) earned “Neutral” rating by UBS on Tuesday, August 23.
According to Zacks Investment Research, “Logitech designs, manufactures and markets innovative peripherals that provide people with easy access to the digital world. The Company’s product family includes Internet video cameras, mice and trackballs, keyboards, audio and telephony products, interactive gaming devices and 3D controllers.”
Insitutional Activity: The institutional sentiment decreased to 0.74 in Q2 2016. Its down 0.85, from 1.59 in 2016Q1. The ratio is negative, as 21 funds sold all Logitech International SA (USA) shares owned while 29 reduced positions. 15 funds bought stakes while 22 increased positions. They now own 52.73 million shares or 8.22% less from 57.46 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) holds 2.54M shares or 0.54% of its portfolio. Ahl Limited Liability Partnership owns 99,648 shares or 0.09% of their US portfolio. Envestnet Asset Mgmt has invested 0.01% of its portfolio in Logitech International SA (USA) (NASDAQ:LOGI). Dimensional Fund Advisors Limited Partnership, a Texas-based fund reported 285,029 shares. Arrowgrass Prtnrs Ltd Liability Partnership accumulated 0.04% or 6,435 shares. State Bank Of America Corporation De accumulated 0% or 768,447 shares. Tower Capital Ltd Liability (Trc) holds 1,203 shares or 0% of its portfolio. James Invest Research holds 0% of its portfolio in Logitech International SA (USA) (NASDAQ:LOGI) for 1,500 shares. Spark Inv Ltd accumulated 205,900 shares or 0.31% of the stock. Cipher L P last reported 0.01% of its portfolio in the stock. Goldman Sachs has 1.77 million shares for 0.01% of their US portfolio. Vanguard last reported 3.34 million shares in the company. Stifel Corp accumulated 0% or 28,448 shares. Invesco Ltd owns 5.49M shares or 0.03% of their US portfolio. Franklin Res Inc reported 2.66 million shares or 0.02% of all its holdings.
Insider Transactions: Since July 29, 2016, the stock had 0 buys, and 3 sales for $7.06 million net activity. Sullivan L Joseph had sold 22,500 shares worth $489,375. Pilette Vincent also sold $1.99M worth of Logitech International SA (USA) (NASDAQ:LOGI) shares. On Friday, August 5 the insider Stolk Marcel sold $4.58 million.
More notable recent Logitech International SA (USA) (NASDAQ:LOGI) news were published by: Fool.com which released: “Why Is Logitech International SA (USA) Soaring Today?” on January 22, 2015, also Schaeffersresearch.com with their article: “Analyst Downgrades: Zoe’s Kitchen Inc, Logitech International SA, and Pan …” published on August 23, 2016, Bidnessetc.com published: “Logitech International SA (USA) Launches Gaming Headphones With Advanced Audio …” on August 31, 2015. More interesting news about Logitech International SA (USA) (NASDAQ:LOGI) were released by: Digitaljournal.com and their article: “Investigation for Investors over Potential Wrongdoing at Logitech …” published on September 13, 2016 as well as Bidnessetc.com‘s news article titled: “Logitech International SA Announces 3 Drop-Proof Logi BLOK iPad Cases” with publication date: July 16, 2015.
LOGI Company Profile
Logitech International S.A., incorporated on May 2, 1988, is a holding company. The Firm designs, makes and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Firm operates through peripheral segment. The Firm offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors. The Company’s retail network across the world includes consumer electronics distributors, retailers, mass merchandisers, specialty electronics stores, computer and telecommunications stores, value-added resellers and online merchants.
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