Militia Capital Management LLC bought a new stake in shares of Logitech International S.A. (NASDAQ:LOGI – Free Report) during the first quarter, Holdings Channel.com reports. The fund bought 5,500 shares of the technology company’s stock, valued at approximately $501,000.
Several other hedge funds and other institutional investors also recently modified their holdings of LOGI. Vanguard Group Inc. raised its stake in Logitech International by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 6,682,756 shares of the technology company’s stock worth $678,420,000 after buying an additional 75,256 shares in the last quarter. Barclays PLC boosted its position in Logitech International by 16.0% during the 4th quarter. Barclays PLC now owns 3,275,064 shares of the technology company’s stock valued at $328,227,000 after acquiring an additional 451,357 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Logitech International by 43.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,991,627 shares of the technology company’s stock worth $304,151,000 after acquiring an additional 906,807 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Logitech International by 2.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,802,403 shares of the technology company’s stock worth $288,430,000 after acquiring an additional 74,702 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Logitech International by 7.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,727,701 shares of the technology company’s stock worth $297,504,000 after acquiring an additional 191,828 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.
Logitech International Stock Up 2.6%
Shares of LOGI opened at $105.11 on Tuesday. The business’s 50 day moving average price is $105.90 and its 200-day moving average price is $98.60. Logitech International S.A. has a 52 week low of $83.32 and a 52 week high of $129.66. The stock has a market cap of $15.41 billion, a P/E ratio of 19.29, a P/E/G ratio of 3.76 and a beta of 1.17.
Logitech International Cuts Dividend
The business also recently announced 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 of this dividend is Tuesday, September 22nd.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Bank of America cut Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 target price for the company. in a research note on Tuesday, June 30th. Barclays reduced their price target on Logitech International from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Citigroup increased their price objective on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Morgan Stanley lowered their price objective on Logitech International from $89.00 to $88.00 and set an “underweight” rating for the company in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Logitech International from $123.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $107.86.
Read Our Latest Stock Analysis on LOGI
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.
Featured Articles
- Five stocks we like better than Logitech International
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
Want to see what other hedge funds are holding LOGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Logitech International S.A. (NASDAQ:LOGI – Free Report).
Receive News & Ratings for Logitech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logitech International and related companies with MarketBeat.com's FREE daily email newsletter.
