Logitech International S.A. (NASDAQ:LOGI) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp raised its stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 66.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 36,941 shares of the technology company's stock after purchasing an additional 14,697 shares during the period. Stifel Financial Corp's holdings in Logitech International were worth $3,042,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sierra Ocean LLC purchased a new stake in Logitech International in the 4th quarter worth approximately $27,000. Bessemer Group Inc. raised its position in shares of Logitech International by 1,339.1% during the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock valued at $27,000 after purchasing an additional 308 shares during the period. Exane Asset Management purchased a new position in shares of Logitech International during the 4th quarter valued at $32,000. Tower Research Capital LLC TRC boosted its holdings in Logitech International by 975.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock worth $40,000 after buying an additional 439 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Logitech International in the 4th quarter worth $49,000. Hedge funds and other institutional investors own 45.76% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LOGI shares. Deutsche Bank Aktiengesellschaft raised Logitech International from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. UBS Group raised shares of Logitech International from a "neutral" rating to a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on Logitech International from $96.00 to $80.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Barclays dropped their target price 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, Bank of America upgraded Logitech International from an "underperform" rating to a "neutral" rating and reduced their price target for the stock from $90.00 to $73.00 in a report on Friday, April 4th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $85.71.

Logitech International Stock Performance

NASDAQ LOGI traded up $1.01 on Thursday, reaching $78.65. 228,107 shares of the stock traded hands, compared to its average volume of 606,537. Logitech International S.A. has a 12 month low of $64.73 and a 12 month high of $105.65. The company has a fifty day moving average price of $81.62 and a 200-day moving average price of $85.64. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.61 and a beta of 0.99.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 earnings per share. As a group, research analysts anticipate that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Logitech International declared that its board has authorized a share buyback plan on Wednesday, March 5th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the technology company to buy up to 3.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

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.