On Wednesday, shares of Logitech International S.A. (NASDAQ:LOGI) marked $62.27 per share versus a previous $62.74 closing price. With having a -0.75% loss, an insight into the fundamental values of Logitech International S.A., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. LOGI showed a rise of 32.04% within its YTD performance, with highs and lows between $31.37 – $63.54 during the period of 52 weeks, compared to the simple moving average of 36.65% in the period of the last 200 days.
Wedbush equity researchers changed the status of Logitech International S.A. (NASDAQ: LOGI) shares from “Outperform” to a “Neutral” rating in the report published on June 24th, 2020. Other analysts, including JP Morgan, also published their reports on LOGI shares. JP Morgan repeated the rating from the previous report, marking LOGI under “Neutral” rating, in the report published on May 21st, 2020. Additionally, LOGI shares got another “Neutral” rating from UBS. On the other hand, JP Morgan Upgrade the “Overweight” rating for LOGI shares, as published in the report on February 27th, 2020. UBS seems to be going bullish on the price of LOGI shares, based on the price prediction for LOGI. Another “Neutral” rating came from Wedbush, providing a prediction for price target according to the report published in January 15th, 2020.
The present dividend yield for LOGI owners is set at 0.01, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Logitech International S.A., the company needs to provide a healthy cash flow, currently at the value of 28.12. In addition, the growth of sales from quarter to quarter is recording 13.60%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Logitech International S.A. (LOGI) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 34.90% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 1.70 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while LOGI is currently recording an average of 541.48K in volumes. The volatility of the stock on monthly basis is set at 1.97%, while the weekly volatility levels are marked at 1.58%with 0.32% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $62.75, indicating growth from the present price of $62.27, which can represent yet another valuable research and analysis points that can help you decide whether to invest in LOGI or pass.
Logitech International S.A. (LOGI) is based in the Switzerland and it represents one of the well-known company operating with Technology sector. If you wish to compare LOGI shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 23.49 for Logitech International S.A., while the value 26.07 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 2.65 is supported by the yearly EPS growth of 74.20%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 6.70%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 32.50% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.Are Institutional Investors Increasing Stakes in LOGI Shares?
It appears that more than several institutional investors and hedge funds decided to increase stakes in LOGI in the recent period. That is how Credit Suisse Securities now has an increase position in LOGI by 4.85% in the first quarter, owning 6.65 million shares of LOGI stocks, with the value of $395.36 million after the purchase of an additional 307,725 shares during the last quarter. In the meanwhile, Capital Research & Management Co. also increased their stake in LOGI shares changed 68.07% in the first quarter, which means that the company now owns 6.2 million shares of company, all valued at $368.82 million after the acquisition of additional 2,513,039 shares during the last quarter.
UBS Asset Management Switzerland acquired a new position in Logitech International S.A. during the first quarter, with the value of $269.33 million, and Pictet Asset Management SA increased their stake in the company’s shares by 1.00% in the first quarter, now owning 40,244 shares valued at $241.5 million after the acquisition of the additional 4.06 million shares during the last quarter. At the present, 32.50% of LOGI shares are in the ownership of institutional investors.