Logitech International S.A. (NASDAQ:LOGI) Shares Bought by Novem Group

Novem Group increased its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 30.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 12,816 shares of the technology company's stock after acquiring an additional 2,954 shares during the period. Novem Group's holdings in Logitech International were worth $1,082,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new position in Logitech International in the fourth quarter worth approximately $26,000. Bessemer Group Inc. grew its position 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 period. Tower Research Capital LLC TRC grew its position 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 period. Pilgrim Partners Asia Pte Ltd purchased a new position in Logitech International in the fourth quarter worth approximately $49,000. Finally, Raiffeisen Bank International AG purchased a new position in Logitech International in the fourth quarter worth approximately $59,000. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LOGI. Bank of America upgraded Logitech International from an "underperform" rating to a "neutral" rating and lowered their price target for the stock from $90.00 to $73.00 in a research report on Friday, April 4th. Loop Capital lowered their price target on Logitech International from $97.00 to $78.00 and set a "hold" rating for the company in a research report on Tuesday, May 6th. Wedbush restated an "outperform" rating and set a $100.00 price target on shares of Logitech International in a research report on Wednesday, May 21st. Barclays lowered their price target on Logitech International from $108.00 to $92.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price target on Logitech International from $96.00 to $80.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $84.29.

Logitech International Trading Down 0.2%

NASDAQ:LOGI traded down $0.23 during midday trading on Friday, reaching $92.70. The company had a trading volume of 216,083 shares, compared to its average volume of 641,809. The firm has a market capitalization of $14.66 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 19.26 and a beta of 0.96. The stock's fifty day simple moving average is $84.90 and its 200-day simple moving average is $87.06. 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 released its earnings results on Tuesday, April 29th. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Logitech International had a return on equity of 30.40% and a net margin of 13.86%. Logitech International's revenue was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.99 earnings per share. As a group, sell-side analysts expect that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International Increases Dividend

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

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.