Logitech International SA is a holding company, which engages in design, manufacture, and marketing of peripherals for PCs, tablets and other digital platforms. It offers headsets, speakers, mice, keyboards, and webcams. The firm's brand include Logitech, Jaybird, Ultimate Ears, Logitech G, ASTRO Gaming, and Blue Microphones. The company was founded by Daniel Borel, Pierluigi Zappacosta, and Giacamo Marini on October 2, 1981 and is headquartered in Lausanne, Switzerland.

Company profile
Ticker
LOGI
Exchange
Website
CEO
Bracken P. Darrell
Employees
Location
Fiscal year end
Industry (SIC)
Xerox • Xerox • Fortinet • Corsair Gaming • Palo Alto Networks • Stratasys • Forescout • Identiv • Mandiant • Markforged Holding ...
Former names
LOGITECH INTERNATIONAL SA
SEC CIK
Corporate docs
Subsidiaries
Logitech Argentina S.R.L. • Acessorios de Informatica Ltda. • Logitech de Mexico S.A. de C.V. • Logitech Canada Inc. • Logitech Inc. • Logitech (Streaming Media) Inc. • Logitech (Slim Devices) Inc. • WiLife, Inc. • Ultimate Ears Incorporated • SightSpeed, Inc. ...
LOGI stock data
News

Where Logitech International Stands With Analysts
27 Jul 22
Morgan Stanley Maintains Underweight on Logitech International, Lowers Price Target to $45
27 Jul 22
Citigroup Maintains Buy on Logitech International, Lowers Price Target to $70
27 Jul 22
Top 15 Trending Stocks On WallStreetBets As Of Tuesday, July 26, 2022 (Via Swaggy Stocks)
26 Jul 22
Earnings Scheduled For July 25, 2022
25 Jul 22
Press releases
Logitech G and Tencent Games Announce Partnership to Advance Handheld Cloud Gaming
2 Aug 22
Logitech Files Quarterly Report on Form 10-Q
28 Jul 22
Logitech Announces Q1 FY 2023 Results
25 Jul 22
Logitech Ranked Among Top 1% of Sustainable Companies by EcoVadis
21 Jul 22
For Your Ears Only: Introducing UE DROPS, The First Truly Wireless, Custom-Molded Earbuds With Statement Style
19 Jul 22
Analyst ratings and price targets
Current price
Average target
$57.50
Low target
$45.00
High target
$70.00
Morgan Stanley
Maintains
$45.00
Citigroup
Maintains
$70.00
Calendar
28 Jul 22
12 Aug 22
31 Mar 23
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Mar 22 | Mar 21 | Mar 20 | Mar 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.11B | 1.11B | 1.11B | 1.11B | 1.11B | 1.11B |
Cash burn (monthly) | 74.02M | 32.59M | (no burn) | (no burn) | 11.89M | (no burn) |
Cash used (since last report) | 107.75M | 47.44M | n/a | n/a | 17.31M | n/a |
Cash remaining | 998.9M | 1.06B | n/a | n/a | 1.09B | n/a |
Runway (months of cash) | 13.5 | 32.5 | n/a | n/a | 91.6 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Jul 22 | Samantha Harnett | Registered Shares | Payment of exercise | Dispose F | No | No | 53.26 | 1,425 | 75.9K | 17,284 |
1 Jun 22 | Patrick Aebischer | Registered Shares | Sell | Dispose S | No | No | 61.36 | 10,000 | 613.6K | 12,511 |
15 May 22 | Prakash Arunkundrum | Registered Shares | Payment of exercise | Dispose F | No | No | 59.22 | 10,100 | 598.12K | 68,757 |
15 May 22 | Prakash Arunkundrum | Registered Shares | Grant | Acquire A | No | No | 0 | 20,370 | 0 | 78,857 |
15 May 22 | Bracken Darrell | Registered Shares | Payment of exercise | Dispose F | No | No | 59.22 | 90,169 | 5.34M | 911,697 |
15 May 22 | Bracken Darrell | Registered Shares | Grant | Acquire A | No | No | 0 | 181,864 | 0 | 1,001,866 |
15 May 22 | Olmstead Nathan | Registered Shares | Payment of exercise | Dispose F | No | No | 59.22 | 1,086 | 64.31K | 56,363 |
Institutional ownership, Q1 2022
33.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 281 |
Opened positions | 42 |
Closed positions | 47 |
Increased positions | 108 |
Reduced positions | 83 |
13F shares | Current |
---|---|
Total value | 6.8B |
Total shares | 57.55M |
Total puts | 3.98M |
Total calls | 5.34M |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
CS Credit Suisse | 6.78M | $499.94M |
Capital World Investors | 5.21M | $386.14M |
Vanguard | 5.14M | $379.58M |
Vontobel Holding | 4.74M | $365.21M |
Zurcher Kantonalbank | 3.4M | $255.96M |
IVZ Invesco | 2.41M | $177.81M |
Pictet Asset Management | 2.39M | $179.53M |
UBS UBS Group AG - Registered Shares | 1.46M | $107.67M |
DB Deutsche Bank AG - Registered Shares | 1.42M | $104.86M |
Amundi | 1.21M | $86.69M |
Financial report summary
?Risks
- If we fail to innovate and develop new products in a timely and cost-effective manner for our new and existing product categories, our business and operating results could be adversely affected.
- Our future growth will depend on our diversified product growth opportunities, and if we do not successfully execute on our growth opportunities, or if our growth opportunities are more limited than we expect, our operating results could be adversely affected.
- We purchase key components and products from a limited number of sources, and our business and operating results could be adversely affected if supply were delayed or constrained or if there were shortages of required components.
- Our principal manufacturing operations and third-party contract manufacturers are located in China and Southeast Asia, which exposes us to risks associated with doing business in that geographic area as well as potential tariffs, adverse tax consequences and pressure to move or diversify our manufacturing locations.
- If we do not successfully coordinate the worldwide manufacturing and distribution of our products, we could lose sales.
- If we are not able to maintain and enhance our brands, or if our brands or reputation are damaged, our reputation, business and operating results could be adversely affected.
- If we do not compete effectively, demand for our products could decline and our business and operating results could be adversely affected.
- The full effect of the COVID-19 pandemic is still uncertain and cannot be predicted, and could adversely affect our business, results of operations and financial condition.
- We rely on third parties to sell and distribute our products, and we rely on their information to manage our business. Disruption of our relationship with these channel partners, changes in or issues with their business practices, their failure to provide timely and accurate information, changes in distribution partners, practices or models, conflicts among our channels of distribution, or failure to build and scale our own sales force for certain product categories and enterprise channel partners could adversely affect our business, results of operations, operating cash flows and financial condition.
- If we do not accurately forecast market demand for our products, our business and operating results could be adversely affected.
- Our business depends in part on access to third-party platforms or technologies, and if the access is withdrawn, denied, or is not available on terms acceptable to us, or if the platforms or technologies change without notice to us, our business and operating results could be adversely affected.
- Our success largely depends on our ability to hire, retain, integrate and motivate sufficient numbers of qualified personnel, including senior leadership. Our strategy and our ability to innovate, design and produce new products, sell products, maintain operating margins and control expenses depend on key personnel that may be difficult to replace.
- Product quality issues could adversely affect our reputation, business and operating results.
- Risks Related to our Global Operations and Regulatory Environment
- Adverse global and regional economic and geopolitical conditions can materially adversely affect our business, results of operations and financial condition.
- We conduct operations in a number of countries and have invested significantly in growing our sales and marketing activities in China, and the effect of business, legal and political risks associated with international operations could adversely affect us.
- Changes in trade policy and regulations in the United States and other countries, including changes in trade agreements and the imposition of tariffs and the resulting consequences, may have adverse impacts on our business, results of operations and financial condition.
- Our financial performance is subject to risks associated with fluctuations in currency exchange rates.
- As a company operating in many markets and jurisdictions, expanding into new growth categories, and engaging in acquisitions, and as a Swiss, dual-listed company, we are subject to risks associated with new, existing and potential future laws and regulations.
- As a result of changes in tax laws, treaties, rulings, regulations or agreements, or their interpretation, of Switzerland or any other country in which we operate, the loss of a major tax dispute or a successful challenge to our operating structure, intercompany pricing policies or the taxable presence of our key subsidiaries in certain countries, or other factors, our effective income tax rates may increase, which could adversely affect our net income and cash flows.
- Risks Related to Cyber Security, Privacy, and Intellectual Property
- Significant disruptions in, or breaches in security of, our websites, or information technology systems, or our products could adversely affect our business.
- The collection, storage, transmission, use and distribution of user data could give rise to liabilities and additional costs of operation as a result of laws, governmental regulation and risks of data breaches and security incidents.
- Claims by others that we infringe their proprietary technology could adversely affect our business.
- We may be unable to protect our proprietary rights. Unauthorized use of our technology may result in the development of products that compete with our products.
- Risks Related to our Financial Results
- Our operating results are difficult to predict and fluctuations in results may cause volatility in the price of our shares.
- Our gross margins can vary significantly depending on multiple factors, which can result in unanticipated fluctuations in our operating results.
- We cannot ensure that our current share repurchase program will be fully utilized or that it will enhance long-term shareholder value. Share repurchases may also increase the volatility of the trading price of our shares. We similarly cannot ensure that we will continue to increase our dividend payments or to pay dividends at all. Share repurchases and dividends diminish our cash reserves.
Management Discussion
- ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
- This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on beliefs of our management as of the filing date of this Quarterly Report on Form 10-Q. These forward-looking statements include, among other things, statements related to:
- •The impact of global and regional events, such as the coronavirus ("COVID-19") pandemic, inflation and the war in Ukraine, and any associated economic downturn and impacts to our business and future operating and financial performance.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
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New words:
Absent, acute, adding, Agency, alliance, armed, attrition, began, burnout, climate, Codification, constantly, coupled, Cybersecurity, deductibility, desktop, divestiture, downturn, facility, fragmentation, fragmented, geopolitical, halted, inflationary, instant, invasion, lockdown, marking, massive, military, Overview, promptly, push, reduction, refugee, Russian, Shanghai, sharp, softened, sparked, stakeholder, Sterling, Synnex, talent, TD, territory, turn, Ukrainian
Removed:
acceleration, accept, actively, agreed, allocating, attempted, attributed, Bar, BOOM, Brexit, brio, British, broadcasting, building, calculate, calculating, care, Circle, clear, closed, closure, composition, conducting, connecting, consume, continued, corded, curtailed, define, determine, differentiated, diverse, divested, Doorbell, earn, efficiency, ensuring, erratic, escrow, everyday, evolved, exacerbated, execution, exercise, expired, explore, family, Folio, gaining, grant, group, guidance, inaccurate, inclusion, incomplete, indeterminate, Inducement, inform, input, interoperability, intraperiod, introduced, issuance, Lifesize, maturing, mid, multitude, OEM, permitted, Peso, phase, phased, prevalent, prioritization, projected, prospective, purpose, quarantined, Rally, rating, recognizing, recoverability, recreational, refreshing, renewed, score, seller, separate, Simplifying, solution, state, sustain, sustainability, Taiwanese, Thailand, threshold, titled, trackball, traction, transferred, UE, unaddressed, unamortized, unclear, underscored, universal, VC, vesting, view, voting, WONDERBOOM
Financial reports
Current reports
8-K
Logitech Announces Q1 FY 2023 Results
25 Jul 22
8-K
Departure of Directors or Certain Officers
29 Jun 22
8-K
Logitech Delivers Record FY 2022 Sales
2 May 22
8-K
Logitech Announces Q3 Results
24 Jan 22
8-K
Logitech Delivers Record Q2 Sales
25 Oct 21
8-K
Submission of Matters to a Vote of Security Holders
10 Sep 21
8-K
Logitech Delivers Strong Start to Fiscal Year 2022
26 Jul 21
8-K
Results of Operations and Financial Condition
28 Apr 21
8-K
Logitech’s Q3 Sales Grow 85%, Operating Income Triples
19 Jan 21
8-K
Company Raises Annual Outlook as Hybrid Work Culture Takes Shape
19 Oct 20
Registration and prospectus
424B7
Prospectus with selling stockholder info
11 Dec 20
S-3ASR
Automatic shelf registration
23 Oct 20
RW
Registration withdrawal request
23 Oct 20
S-3
Shelf registration
22 Oct 20
S-8
Registration of securities for employees
31 Oct 17
S-8
Registration of securities for employees
8 Dec 13
S-8
Registration of securities for employees
24 Oct 12
S-8
Registration of securities for employees
12 Apr 12
S-8
Registration of securities for employees
12 Apr 12
S-8
Registration of securities for employees
26 May 10
Proxies
DEFA14A
Additional proxy soliciting materials
12 Aug 22
DEFA14A
Additional proxy soliciting materials
26 Jul 22
DEFA14A
Additional proxy soliciting materials
25 Aug 21
DEFA14A
Additional proxy soliciting materials
23 Jul 21
DEFA14A
Additional proxy soliciting materials
28 Jul 20
DEF 14A
Definitive proxy
28 Jul 20
PRE 14A
Preliminary proxy
14 Jul 20
Other
SD
Conflict minerals disclosure
26 May 22
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
CT ORDER
Confidential treatment order
27 Nov 18
SD
Conflict minerals disclosure
31 May 18
CT ORDER
Confidential treatment order
20 Nov 17
SD
Conflict minerals disclosure
29 May 17
CT ORDER
Confidential treatment order
14 Jul 16
SD
Conflict minerals disclosure
30 May 16
Ownership
4
LOGITECH INTERNATIONAL / Samantha Harnett ownership change
18 Jul 22
4
LOGITECH INTERNATIONAL / PATRICK AEBISCHER ownership change
3 Jun 22
4
LOGITECH INTERNATIONAL / Nathan Olmstead ownership change
18 May 22
4
LOGITECH INTERNATIONAL / Bracken Darrell ownership change
17 May 22
4
LOGITECH INTERNATIONAL / Prakash Arunkundrum ownership change
17 May 22
4
LOGITECH INTERNATIONAL / Nathan Olmstead ownership change
19 Apr 22
4
LOGITECH INTERNATIONAL / Bracken Darrell ownership change
19 Apr 22
4
LOGITECH INTERNATIONAL / Riet Cadonau ownership change
19 Apr 22
4
LOGITECH INTERNATIONAL / Prakash Arunkundrum ownership change
19 Apr 22
4
LOGITECH INTERNATIONAL / Samantha Harnett ownership change
21 Mar 22
Patents
Utility
Smart Webcam System
11 Aug 22
Embodiments of the disclosure generally relate to video-conferencing systems, and more particularly, to advanced camera devices with integrated background differentiation capabilities, such as background removal, background replacement, and/or background blur capabilities, which are suitable for use in a video-conferencing application.
Design
Keyboard
2 Aug 22
Inventors: Maxime Dubreucq, William M. Carey
Design
Keyboard
2 Aug 22
Inventors: Tanyel Yalazoglu, Sylvain Sauvage, Martin Caspar Rüegg, Jasper Phua
Design
Input device
2 Aug 22
Inventors: William M. Carey, James Rennick, Cormac O'Conaire, John Binay, Ram Chaturabul
Utility
Systems, devices, and methods for physical surface tracking with a stylus device in an AR/VR environment
26 Jul 22
A method includes receiving sensor data from one or more sensors that corresponds to a location of a stylus device and determining that a tip of the stylus device is in contact with a physical surface based on the sensor data.
Transcripts
2023 Q1
Earnings call transcript
26 Jul 22
2023 Q1
Earnings call transcript
26 Jul 22
2022 Q4
Earnings call transcript
3 May 22
2022 Q4
Earnings call transcript
3 May 22
2022 Q3
Earnings call transcript
25 Jan 22
2022 Q3
Earnings call transcript
25 Jan 22
2022 Q2
Earnings call transcript
27 Oct 21
2022 Q2
Earnings call transcript
26 Oct 21
2022 Q1
Earnings call transcript
27 Jul 21
2022 Q1
Earnings call transcript
27 Jul 21
Reddit threads
Where do you find your stock ideas?
30 Jul 22
Daily Discussion Thread for July 25, 2022
25 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Daily Discussion - Monday July 25 2022
25 Jul 22
Most anticipated earnings releases for the week beginning July 25, 2022
23 Jul 22
Earnings Calendar for Week of July 25: The boys are back in town
23 Jul 22
Most Anticipated Earnings Releases for the week beginning July 25th, 2022
23 Jul 22
Daily Discussion Thread - July 22nd, 2022
22 Jul 22
Anything undervalued right now?
16 Jul 22
Daily Discussion - Thursday May 26 2022
26 May 22