Andra AP fonden Trims Holdings in Logitech International S.A. $LOGI

Andra AP fonden decreased its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 96.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,110 shares of the technology company’s stock after selling 196,963 shares during the period. Andra AP fonden’s holdings in Logitech International were worth $648,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LOGI. Quarry LP purchased a new stake in Logitech International during the 3rd quarter valued at approximately $30,000. CIBC Private Wealth Group LLC lifted its holdings 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 buying an additional 173 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Logitech International by 40.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock worth $52,000 after acquiring an additional 165 shares during the last quarter. Richardson Financial Services Inc. boosted its position 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 worth $66,000 after acquiring an additional 334 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in 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 acquiring an additional 611 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Price Performance

Shares of LOGI stock opened at $102.90 on Friday. Logitech International S.A. has a 1 year low of $83.32 and a 1 year high of $129.66. The stock’s 50 day simple moving average is $106.09 and its two-hundred day simple moving average is $98.22. The company 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 (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS. Equities research analysts expect that Logitech International S.A. will post 5.21 EPS for the current year.

Logitech International Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 22nd will be given a $1.36 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a yield of 126.0%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LOGI shares. Barclays raised their price objective on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Morgan Stanley dropped their price target on Logitech International from $89.00 to $88.00 and set an “underweight” rating for the company in a research note on Wednesday, July 8th. Bank of America cut Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 price target for the company. in a report on Tuesday, June 30th. Wedbush reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a research note on Wednesday. Finally, Wall Street Zen cut Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Logitech International presently has a consensus rating of “Hold” and an average target price of $109.57.

Logitech International 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.