2,596 Shares in Logitech International S.A. $LOGI Bought by Affinity Investment Advisors LLC

Key Points

• Affinity Investment Advisors LLC has acquired a new position in Logitech International, purchasing 2,596 shares valued at approximately $219,000 in the first quarter.
• Logitech International has announced an annual dividend increase to $1.543 per share, with a dividend yield of 140.0% set to be paid on September 24th.
• Following recent earnings results that beat estimates, analysts have been upgrading their ratings, with BNP Paribas moving Logitech's shares from "hold" to "strong-buy" and raising the price target to $109.00.

Affinity Investment Advisors LLC purchased a new stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,596 shares of the technology company's stock, valued at approximately $219,000.

Several other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Logitech International by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,161 shares of the technology company's stock worth $507,000 after acquiring an additional 120 shares in the last quarter. Freedom Investment Management Inc. grew its stake in shares of Logitech International by 4.1% in the 4th quarter. Freedom Investment Management Inc. now owns 3,444 shares of the technology company's stock worth $284,000 after buying an additional 136 shares during the last quarter. US Bancorp DE grew its stake in shares of Logitech International by 1.7% in the 1st quarter. US Bancorp DE now owns 8,484 shares of the technology company's stock worth $716,000 after buying an additional 140 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Logitech International by 20.5% in the 1st quarter. Parallel Advisors LLC now owns 1,425 shares of the technology company's stock worth $121,000 after buying an additional 242 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Logitech International by 12.8% in the 1st quarter. Blue Trust Inc. now owns 2,364 shares of the technology company's stock worth $200,000 after buying an additional 269 shares during the last quarter. Institutional investors own 45.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LOGI shares. Wedbush upped their price target on Logitech International from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. BNP Paribas upgraded Logitech International from a "hold" rating to a "strong-buy" rating and upped their price target for the stock from $100.00 to $109.00 in a research note on Tuesday, August 5th. JPMorgan Chase & Co. upped their price target on Logitech International from $80.00 to $104.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Citigroup upped their price target on Logitech International from $85.00 to $100.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Finally, UBS Group upgraded Logitech International from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Logitech International has an average rating of "Moderate Buy" and an average price target of $97.00.

Logitech International Stock Performance

Shares of NASDAQ LOGI traded up $0.07 during midday trading on Wednesday, hitting $99.60. 595,682 shares of the stock traded hands, compared to its average volume of 752,119. Logitech International S.A. has a one year low of $64.73 and a one year high of $105.65. The firm has a market capitalization of $15.75 billion, a P/E ratio of 23.66, a PEG ratio of 4.45 and a beta of 0.94. The firm has a 50-day moving average of $92.73 and a two-hundred day moving average of $88.85.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The technology company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.18. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.13 billion. Logitech International had a return on equity of 30.81% and a net margin of 13.78%.Logitech International's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 earnings per share. Logitech International has set its Q2 2026 guidance at EPS. Equities analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Logitech International Increases Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Tuesday, September 23rd will be paid a dividend of $1.543 per share. The ex-dividend date is Tuesday, September 23rd. This represents a dividend yield of 140.0%. This is an increase from Logitech International's previous annual dividend of $1.37. Logitech International's dividend payout ratio is presently 12.40%.

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.