Affinity Investment Advisors LLC Takes Position in Logitech International S.A. $LOGI

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 bought a new stake in Logitech International S.A. (NASDAQ:LOGI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,596 shares of the technology company's stock, valued at approximately $219,000.

Several other large investors have also modified their holdings of LOGI. Banque Transatlantique SA acquired a new position in shares of Logitech International in the 4th quarter valued at $26,000. Bessemer Group Inc. boosted its holdings in shares of Logitech International by 1,339.1% in the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock valued at $27,000 after buying an additional 308 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Logitech International by 975.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock valued at $40,000 after buying an additional 439 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in Logitech International in the 4th quarter valued at $59,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Logitech International in the 1st quarter valued at $64,000. Institutional investors and hedge funds own 45.76% of the company's stock.

Logitech International Stock Up 3.4%

Logitech International stock traded up $3.42 during trading hours on Friday, reaching $103.09. 414,633 shares of the stock were exchanged, compared to its average volume of 747,712. Logitech International S.A. has a 52-week low of $64.73 and a 52-week high of $105.65. The firm's 50 day moving average is $93.21 and its 200 day moving average is $88.95.

Logitech International (NASDAQ:LOGI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The technology company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.18. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. Logitech International had a net margin of 13.78% and a return on equity of 30.81%. Logitech International's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 EPS. Logitech International has set its Q2 2026 guidance at EPS. On average, analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current 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 $1.543 dividend. The ex-dividend date is Tuesday, September 23rd. This represents a dividend yield of 140.0%. This is a boost from Logitech International's previous annual dividend of $1.37.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wedbush upped their price target on shares of Logitech International from $110.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Barclays upped their price target on shares of Logitech International from $92.00 to $107.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Logitech International from $80.00 to $104.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Loop Capital reduced their price target on shares of Logitech International from $97.00 to $78.00 and set a "hold" rating for the company in a research report on Tuesday, May 6th. Finally, BNP Paribas upgraded shares of Logitech International from a "hold" rating to a "strong-buy" rating and upped their price target for the company from $100.00 to $109.00 in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $97.00.

Logitech International Company 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.