3,066 Shares in Logitech International S.A. (NASDAQ:LOGI) Bought by World Investment Advisors

World Investment Advisors acquired a new position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,066 shares of the technology company's stock, valued at approximately $259,000.

Several other hedge funds also recently added to or reduced their stakes in LOGI. Banque Transatlantique SA bought a new position in Logitech International in the fourth quarter worth about $26,000. Bessemer Group Inc. lifted its holdings in Logitech International by 1,339.1% in the fourth quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock worth $27,000 after acquiring an additional 308 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Logitech International by 975.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock worth $40,000 after acquiring an additional 439 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Logitech International in the fourth quarter worth about $49,000. Finally, Raiffeisen Bank International AG bought a new position in Logitech International in the fourth quarter worth about $59,000. 45.76% of the stock is owned by institutional investors and hedge funds.

Logitech International Price Performance

NASDAQ LOGI traded down $0.23 on Tuesday, hitting $93.33. 244,333 shares of the stock were exchanged, compared to its average volume of 637,774. Logitech International S.A. has a 52-week low of $64.73 and a 52-week high of $105.65. The company has a market capitalization of $14.89 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 19.57 and a beta of 0.96. The company's 50-day moving average price is $86.54 and its two-hundred day moving average price is $87.44.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. Logitech International had a net margin of 13.86% and a return on equity of 30.40%. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the previous year, the company posted $0.99 EPS. The company's quarterly revenue was down .1% compared to the same quarter last year. Equities analysts predict that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Logitech International Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Tuesday, September 23rd will be issued a dividend of $1.543 per share. This is a boost from Logitech International's previous annual dividend of $1.37. This represents a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 23rd.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LOGI shares. Bank of America raised Logitech International from an "underperform" rating to a "neutral" rating and cut their price target for the company from $90.00 to $73.00 in a report on Friday, April 4th. Loop Capital dropped their target price on Logitech International from $97.00 to $78.00 and set a "hold" rating on the stock in a report on Tuesday, May 6th. Wedbush reissued an "outperform" rating and set a $100.00 target price on shares of Logitech International in a report on Wednesday, May 21st. Citigroup boosted their target price on Logitech International from $85.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Barclays decreased their price target on shares of Logitech International from $108.00 to $92.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $87.86.

Logitech International Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.