SG Americas Securities LLC Grows Holdings in Logitech International S.A. $LOGI

SG Americas Securities LLC lifted its holdings in Logitech International S.A. (NASDAQ:LOGI) by 94.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,891 shares of the technology company’s stock after buying an additional 13,086 shares during the period. SG Americas Securities LLC’s holdings in Logitech International were worth $2,450,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Quarry LP purchased a new position in Logitech International in the third quarter valued at about $30,000. CIBC Private Wealth Group LLC grew its holdings in Logitech International by 61.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company’s stock valued at $46,000 after purchasing an additional 173 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in 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 buying an additional 165 shares during the last quarter. Richardson Financial Services Inc. raised its stake in shares of Logitech International by 101.5% in the fourth quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock valued at $66,000 after buying an additional 334 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Logitech International by 911.9% in 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 period. 45.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wedbush reissued an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a report on Wednesday, May 6th. Bank of America lowered shares of Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 price target on the stock. in a research report on Tuesday. Weiss Ratings raised shares of Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Barclays boosted their target price 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. Finally, Wall Street Zen lowered 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Logitech International currently has a consensus rating of “Hold” and an average price target of $109.71.

Logitech International Stock Up 0.6%

NASDAQ:LOGI opened at $94.64 on Thursday. Logitech International S.A. has a twelve month low of $83.32 and a twelve month high of $129.66. The stock has a market cap of $13.87 billion, a P/E ratio of 19.72, a PEG ratio of 2.39 and a beta of 1.17. The business’s 50-day moving average price is $106.30 and its two-hundred day moving average price is $98.78.

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, topping analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Logitech International had a net margin of 14.69% and a return on equity of 34.09%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 EPS. On average, equities research analysts expect that Logitech International S.A. will post 5.16 EPS for the current fiscal year.

Logitech International Cuts Dividend

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

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.