Jefferies Financial Group Inc. Makes New Investment in Logitech International S.A. $LOGI

Jefferies Financial Group Inc. acquired a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) during the second quarter, HoldingsChannel reports. The firm acquired 49,769 shares of the technology company’s stock, valued at approximately $4,481,000.

A number of other large investors have also modified their holdings of LOGI. Sound Income Strategies LLC bought a new position in Logitech International in the second quarter worth $27,000. Quarry LP acquired a new position in shares of Logitech International in the 1st quarter valued at $33,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Logitech International during the 1st quarter worth about $64,000. SVB Wealth LLC acquired a new stake in shares of Logitech International during the 1st quarter valued at about $82,000. Finally, Headlands Technologies LLC bought a new stake in Logitech International in the first quarter valued at about $130,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Stock Performance

Logitech International stock opened at $112.10 on Tuesday. The business’s fifty day moving average is $112.67 and its two-hundred day moving average is $100.17. The firm has a market cap of $17.73 billion, a P/E ratio of 25.42, a P/E/G ratio of 4.25 and a beta of 1.05. Logitech International S.A. has a 52 week low of $64.73 and a 52 week high of $123.01.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.23. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Logitech International had a return on equity of 32.01% and a net margin of 14.11%.The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 earnings per share. Logitech International has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that Logitech International S.A. will post 4.21 earnings per share for the current year.

Insider Transactions at Logitech International

In other news, insider Prakash Arunkundrum sold 9,900 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $105.00, for a total transaction of $1,039,500.00. Following the transaction, the insider directly owned 57,437 shares in the company, valued at approximately $6,030,885. This represents a 14.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Neela Montgomery sold 5,833 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $120.61, for a total transaction of $703,518.13. Following the sale, the director directly owned 12,781 shares in the company, valued at $1,541,516.41. This trade represents a 31.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 20,733 shares of company stock valued at $2,298,168. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LOGI. Morgan Stanley raised their price target on shares of Logitech International from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. BNP Paribas Exane raised Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a report on Tuesday, August 5th. BNP Paribas upgraded Logitech International from a “hold” rating to a “strong-buy” rating and raised their target price for the stock from $100.00 to $109.00 in a research report on Tuesday, August 5th. Barclays upped their price target on Logitech International from $107.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Logitech International from $104.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Logitech International Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.