Logitech International S.A. (NASDAQ:LOGI) Short Interest Up 55.2% in August

Key Points

• Logitech International's short interest surged by 55.2% in August, with a total of 4,610,000 shares shorted as of August 15th, indicating increasing bearish sentiment among investors.
• The company reported better-than-expected earnings, with $1.26 earnings per share for the last quarter, exceeding the consensus estimate by $0.18 and showing a 5.5% year-over-year revenue growth.
• Logitech has announced an increase in its annual dividend to $1.543 per share, reflecting a positive change from the previous year's dividend and indicating strong financial performance.

Logitech International S.A. (NASDAQ:LOGI - Get Free Report) saw a significant growth in short interest in August. As of August 15th, there was short interest totaling 4,610,000 shares, agrowthof55.2% from the July 31st total of 2,970,000 shares. Based on an average daily trading volume, of 598,600 shares, the short-interest ratio is presently 7.7 days. Approximately3.6% of the shares of the stock are short sold. Approximately3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 598,600 shares, the short-interest ratio is presently 7.7 days.

Logitech International Stock Performance

Shares of NASDAQ LOGI traded up $0.73 during trading hours on Friday, hitting $107.25. The company's stock had a trading volume of 234,428 shares, compared to its average volume of 459,675. The stock has a market cap of $16.96 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 4.84 and a beta of 0.97. Logitech International has a 12 month low of $64.73 and a 12 month high of $107.85. The business has a 50-day simple moving average of $97.04 and a 200-day simple moving average of $89.03.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.18. Logitech International had a return on equity of 30.81% and a net margin of 13.78%.The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.13 billion. During the same period last year, the firm earned $1.13 earnings per share. Logitech International's quarterly revenue was up 5.5% on a year-over-year basis. Logitech International has set its Q2 2026 guidance at EPS. On average, equities research analysts forecast that Logitech International will post 4.21 EPS for the current year.

Logitech International Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Tuesday, September 23rd will be issued a dividend of $1.543 per share. 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 dividend yield of 140.0%. Logitech International's dividend payout ratio (DPR) is 12.40%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LOGI. Barclays increased their price objective on Logitech International from $92.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Citigroup increased their target price on Logitech International from $85.00 to $100.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. BNP Paribas raised 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 note on Tuesday, August 5th. BNP Paribas Exane raised Logitech International from a "neutral" rating to an "outperform" rating and set a $109.00 target price on the stock in a research note on Tuesday, August 5th. Finally, Wedbush raised their price objective on Logitech International from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $97.00.

Hedge Funds Weigh In On Logitech International

Several large investors have recently made changes to their positions in LOGI. Assenagon Asset Management S.A. raised its holdings in Logitech International by 91.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,701,985 shares of the technology company's stock worth $152,757,000 after acquiring an additional 815,280 shares during the last quarter. Norges Bank bought a new stake in shares of Logitech International during the 2nd quarter valued at $42,240,000. Mackenzie Financial Corp lifted its stake in shares of Logitech International by 2,227.1% during the 2nd quarter. Mackenzie Financial Corp now owns 453,385 shares of the technology company's stock valued at $40,840,000 after buying an additional 433,902 shares in the last quarter. Nuveen LLC purchased a new position in shares of Logitech International during the 1st quarter valued at $35,925,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Logitech International during the 1st quarter valued at $29,319,000. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

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.

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