GAMMA Investing LLC Has $1.03 Million Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

GAMMA Investing LLC raised its stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 8,341.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 12,155 shares of the technology company's stock after purchasing an additional 12,011 shares during the quarter. GAMMA Investing LLC's holdings in Logitech International were worth $1,026,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Transatlantique SA acquired a new position in shares of Logitech International in the fourth quarter valued at $26,000. Sierra Ocean LLC bought a new stake in Logitech International in the 4th quarter valued at $27,000. Bessemer Group Inc. raised its stake 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 lifted its holdings in shares of Logitech International by 975.6% during the 4th 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 period. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Logitech International during the 4th quarter valued at about $49,000. Institutional investors own 45.76% of the company's stock.

Logitech International Stock Down 1.1%

LOGI traded down $0.92 during trading on Friday, hitting $83.60. The company's stock had a trading volume of 308,113 shares, compared to its average volume of 633,818. The stock has a market capitalization of $13.22 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 17.56 and a beta of 0.96. The firm's 50 day moving average price is $81.31 and its two-hundred day moving average price is $86.57. Logitech International S.A. has a 12 month low of $64.73 and a 12 month high of $105.65.

Logitech International (NASDAQ:LOGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The technology company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. Logitech International had a return on equity of 30.40% and a net margin of 13.86%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company posted $0.99 earnings per share. The firm's quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current year.

Logitech International declared that its Board of Directors has initiated a share buyback program on Wednesday, March 5th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LOGI. Barclays dropped their price target on shares of Logitech International from $108.00 to $92.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen cut Logitech International from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Bank of America upgraded Logitech International from an "underperform" rating to a "neutral" rating and cut their target price for the stock from $90.00 to $73.00 in a research report on Friday, April 4th. Wedbush reiterated an "outperform" rating and issued a $100.00 price target on shares of Logitech International in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. dropped their price objective on Logitech International from $96.00 to $80.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Logitech International presently has a consensus rating of "Hold" and a consensus target price of $84.29.

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.