Vanguard Group Inc. Has $543.35 Million Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Vanguard Group Inc. increased its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,412,308 shares of the technology company’s stock after buying an additional 66,175 shares during the period. Vanguard Group Inc. owned 4.05% of Logitech International worth $543,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LOGI. Geode Capital Management LLC boosted its stake in shares of Logitech International by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 130,019 shares of the technology company’s stock valued at $10,707,000 after purchasing an additional 1,140 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Logitech International by 9.4% in the 4th quarter. Cerity Partners LLC now owns 5,608 shares of the technology company’s stock valued at $481,000 after purchasing an additional 483 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Logitech International in the 4th quarter valued at about $4,162,000. Bessemer Group Inc. boosted 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 purchasing an additional 308 shares during the last quarter. Finally, Mariner LLC boosted its stake in shares of Logitech International by 12.1% in the 4th quarter. Mariner LLC now owns 25,540 shares of the technology company’s stock valued at $2,103,000 after purchasing an additional 2,751 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LOGI. Citigroup upped 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. Wedbush upped their price target on Logitech International from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. upped 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. Barclays upped 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. Finally, UBS Group raised Logitech International from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $97.00.

Logitech International Price Performance

NASDAQ LOGI opened at $98.35 on Friday. The business has a 50 day simple moving average of $91.98 and a 200 day simple moving average of $88.87. Logitech International S.A. has a 52-week low of $64.73 and a 52-week high of $105.65.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Tuesday, July 29th. The technology company reported $1.26 earnings per share (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 business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the business earned $1.13 EPS. Logitech International’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Logitech International Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Tuesday, September 23rd will be paid a dividend of $1.543 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a dividend yield of 140.0%. This is an increase from Logitech International’s previous annual dividend of $1.37.

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.