Militia Capital Management LLC purchased a new stake in shares of Logitech International S.A. (NASDAQ:LOGI – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,500 shares of the technology company’s stock, valued at approximately $501,000.
A number of other hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Logitech International during the 3rd quarter valued at $30,000. CIBC Private Wealth Group LLC raised its stake in shares of Logitech International by 61.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company’s stock worth $46,000 after purchasing an additional 173 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Logitech International by 40.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock worth $52,000 after purchasing an additional 165 shares during the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of Logitech International by 101.5% during the fourth quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock valued at $66,000 after purchasing an additional 334 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Logitech International by 911.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 678 shares of the technology company’s stock valued at $68,000 after buying an additional 611 shares during the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
LOGI has been the subject of several research analyst reports. Weiss Ratings upgraded Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Wedbush restated an “outperform” rating and set a $135.00 target price on shares of Logitech International in a research note on Wednesday. Barclays raised their price target on shares of Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Morgan Stanley decreased their price objective on shares of Logitech International from $89.00 to $88.00 and set an “underweight” rating for the company in a report on Wednesday, July 8th. Finally, Bank of America downgraded shares of Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 price objective on the stock. in a research report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Logitech International has a consensus rating of “Hold” and a consensus price target of $109.57.
Logitech International Stock Performance
Logitech International stock opened at $102.90 on Friday. The stock has a market cap of $15.08 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 4.37 and a beta of 1.17. Logitech International S.A. has a one year low of $83.32 and a one year high of $129.66. The stock has a fifty day moving average of $106.09 and a 200 day moving average of $98.22.
Logitech International (NASDAQ:LOGI – Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.93 earnings per share. As a group, sell-side analysts predict that Logitech International S.A. will post 5.21 EPS for the current fiscal year.
Logitech International Cuts Dividend
The firm also recently disclosed an annual dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 22nd will be paid a $1.36 dividend. This represents a dividend yield of 126.0%. The ex-dividend date is Tuesday, September 22nd.
Logitech International Company Profile
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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