Belpointe Asset Management LLC Acquires New Stake in Logitech International S.A. $LOGI

Key Points

• Belpointe Asset Management LLC has invested approximately $534,000 in Logitech International S.A. by acquiring 6,327 shares as disclosed in a recent SEC filing.
• Logitech International has recently raised its annual dividend from $1.37 to $1.543 per share, with the dividend yield set at 140.0%.
• In the most recent earnings report, Logitech surpassed expectations with $1.26 EPS and a revenue of $1.15 billion, showing a year-over-year revenue increase of 5.5%.

Belpointe Asset Management LLC purchased a new stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,327 shares of the technology company's stock, valued at approximately $534,000.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new position in shares of Logitech International during the first quarter valued at $33,000. Raiffeisen Bank International AG bought a new stake in Logitech International in the 4th quarter valued at approximately $59,000. Caitong International Asset Management Co. Ltd bought a new stake in Logitech International in the 1st quarter valued at approximately $64,000. Farther Finance Advisors LLC raised its stake in shares of Logitech International by 87.3% during the 1st quarter. Farther Finance Advisors LLC now owns 940 shares of the technology company's stock worth $80,000 after purchasing an additional 438 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of Logitech International during the 1st quarter worth approximately $82,000. Institutional investors and hedge funds own 45.76% of the company's stock.

Insiders Place Their Bets

In other news, insider Prakash Arunkundrum sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $111.03, for a total value of $555,150.00. Following the completion of the transaction, the insider owned 62,437 shares of the company's stock, valued at approximately $6,932,380.11. This represents a 7.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.19% of the company's stock.

Logitech International Stock Down 0.4%

Shares of NASDAQ LOGI traded down $0.50 during midday trading on Thursday, hitting $111.33. 579,964 shares of the company's stock were exchanged, compared to its average volume of 403,285. The business's fifty day moving average price is $100.12 and its two-hundred day moving average price is $89.59. Logitech International S.A. has a 12-month low of $64.73 and a 12-month high of $113.43.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.18. The firm 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%.The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 EPS. Logitech International has set its Q2 2026 guidance at EPS. Sell-side analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LOGI has been the topic of a number of research reports. Morgan Stanley upped their price objective on Logitech International from $74.00 to $78.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Barclays raised their price objective on Logitech International from $92.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. BNP Paribas upgraded Logitech International from a "hold" rating to a "strong-buy" rating and increased their target price for the company from $100.00 to $109.00 in a research report on Tuesday, August 5th. JPMorgan Chase & Co. raised their price objective on Logitech International from $80.00 to $104.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, BNP Paribas Exane upgraded Logitech International from a "neutral" rating to an "outperform" rating and set a $109.00 target price for the company in a report on Tuesday, August 5th. One investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $97.00.

About Logitech International

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.