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

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

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its stake in Logitech International by 15.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 861 shares of the technology company’s stock worth $86,000 after purchasing an additional 114 shares during the period. Pathstone Holdings LLC raised its stake in shares of Logitech International by 0.7% during the third quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock valued at $1,812,000 after acquiring an additional 120 shares during the last quarter. Signaturefd LLC raised its stake in shares of Logitech International by 2.0% during the fourth quarter. Signaturefd LLC now owns 6,167 shares of the technology company’s stock valued at $618,000 after acquiring an additional 122 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Logitech International by 1.3% during the second quarter. Guggenheim Capital LLC now owns 10,182 shares of the technology company’s stock worth $918,000 after purchasing an additional 126 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in Logitech International by 1.2% during the 2nd quarter. Corient Private Wealth LLC now owns 10,775 shares of the technology company’s stock valued at $971,000 after purchasing an additional 126 shares during the period. 45.76% of the stock is currently owned by institutional investors.

Logitech International Stock Up 0.6%

Shares of LOGI opened at $94.64 on Thursday. The company has a market capitalization of $13.87 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 2.39 and a beta of 1.17. The firm has a 50 day moving average of $106.30 and a 200 day moving average of $98.78. Logitech International S.A. has a twelve month low of $83.32 and a twelve month high of $129.66.

Logitech International (NASDAQ:LOGI) last released 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 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 firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. On average, sell-side analysts expect that Logitech International S.A. will post 5.16 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. Stockholders of record on Tuesday, September 22nd will be issued a dividend of $1.36 per share. This represents a dividend yield of 126.0%. The ex-dividend date of this dividend is Tuesday, September 22nd.

Analysts Set New Price Targets

A number of brokerages have issued reports on LOGI. Weiss Ratings raised shares of Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Barclays boosted 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. Bank of America cut 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. UBS Group cut Logitech International from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 17th. Finally, Wedbush reiterated an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a report on Wednesday, May 6th. Three 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $109.71.

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.