AMJ Financial Wealth Management lifted its position in Logitech International S.A. (NASDAQ:LOGI – Free Report) by 72.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,718 shares of the technology company’s stock after acquiring an additional 21,683 shares during the period. AMJ Financial Wealth Management’s holdings in Logitech International were worth $5,183,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Quarry LP acquired a new stake in shares of Logitech International in the 3rd quarter valued at approximately $30,000. Westside Investment Management Inc. raised its position in shares of Logitech International by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock valued at $36,000 after acquiring an additional 163 shares during the period. Richardson Financial Services Inc. raised its position in shares of Logitech International by 63.7% in the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock valued at $36,000 after acquiring an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Logitech International by 40.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after acquiring an additional 165 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Logitech International by 16.6% in the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock valued at $82,000 after acquiring an additional 107 shares during the period. 45.76% of the stock is currently owned by institutional investors and hedge funds.
Logitech International Stock Performance
Shares of LOGI stock opened at $102.99 on Friday. The company has a market capitalization of $15.10 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 2.57 and a beta of 1.07. The company’s 50 day moving average price is $95.65 and its two-hundred day moving average price is $100.57. Logitech International S.A. has a 52 week low of $81.98 and a 52 week high of $123.01.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on LOGI. UBS Group downgraded shares of Logitech International from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 17th. Wall Street Zen downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Wedbush reiterated an “outperform” rating and issued a $135.00 price target on shares of Logitech International in a research report on Wednesday, May 6th. Citigroup increased their price target on shares of Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Barclays increased their price target on shares of Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $113.67.
Read Our Latest Stock Analysis on Logitech International
About Logitech International
Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.
The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.
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