Logitech International S.A. (NASDAQ:LOGI) Short Interest Update

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 large growth in short interest in the month of August. As of August 15th, there was short interest totaling 4,610,000 shares, a growth of 55.2% from the July 31st total of 2,970,000 shares. Based on an average trading volume of 598,600 shares, the days-to-cover ratio is presently 7.7 days. Approximately 3.6% of the shares of the company are sold short. Approximately 3.6% of the shares of the company are sold short. Based on an average trading volume of 598,600 shares, the days-to-cover ratio is presently 7.7 days.

Analyst Ratings Changes

Several analysts recently issued reports on LOGI shares. Barclays boosted their price target on Logitech International from $92.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on Logitech International from $80.00 to $104.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. BNP Paribas upgraded Logitech International from a "hold" rating to a "strong-buy" rating and boosted their price target for the company from $100.00 to $109.00 in a research note on Tuesday, August 5th. Morgan Stanley boosted their price target on Logitech International from $74.00 to $78.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Citigroup boosted their price target on Logitech International from $85.00 to $100.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. One equities research 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.00.

Insider Activity at Logitech International

In other news, insider Prakash Arunkundrum sold 9,900 shares of Logitech International stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $105.00, for a total transaction of $1,039,500.00. Following the completion of the transaction, the insider directly owned 57,437 shares in the company, valued at approximately $6,030,885. The trade was a 14.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.19% of the company's stock.

Hedge Funds Weigh In On Logitech International

A number of institutional investors and hedge funds have recently bought and sold shares of LOGI. Sound Income Strategies LLC acquired a new position in Logitech International in the 2nd quarter worth about $27,000. Quarry LP acquired a new position in Logitech International in the 1st quarter worth about $33,000. Westerkirk Capital Inc. acquired a new position in Logitech International in the 2nd quarter worth about $36,000. Tower Research Capital LLC TRC increased 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 purchasing an additional 439 shares in the last quarter. Finally, Groupe la Francaise bought a new stake in shares of Logitech International in the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 45.76% of the company's stock.

Logitech International Price Performance

Shares of Logitech International stock traded down $0.30 during trading on Friday, reaching $108.35. 265,225 shares of the company's stock were exchanged, compared to its average volume of 425,077. Logitech International has a 1-year low of $64.73 and a 1-year high of $108.95. The firm's 50-day moving average price is $98.38 and its 200 day moving average price is $89.26.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The technology company reported $1.26 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the previous year, the firm earned $1.13 EPS. Logitech International's revenue was up 5.5% on a year-over-year basis. Logitech International has set its Q2 2026 guidance at EPS. On average, sell-side analysts expect that Logitech International will post 4.21 earnings per share for the current fiscal year.

Logitech International Increases Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Tuesday, September 23rd will be issued a $1.543 dividend. This represents a yield of 140.0%. The ex-dividend date of this dividend is Tuesday, September 23rd. This is a boost from Logitech International's previous annual dividend of $1.37.

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.