Logitech International S.A. $LOGI Stock Holdings Lessened by Cetera Investment Advisers

Cetera Investment Advisers trimmed its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 28.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,850 shares of the technology company’s stock after selling 6,040 shares during the quarter. Cetera Investment Advisers’ holdings in Logitech International were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fulton Bank N.A. grew its position in shares of Logitech International by 1.5% during the second quarter. Fulton Bank N.A. now owns 7,000 shares of the technology company’s stock worth $631,000 after acquiring an additional 106 shares during the last quarter. State of Wyoming grew its stake in shares of Logitech International by 4.2% in the first quarter. State of Wyoming now owns 3,340 shares of the technology company’s stock worth $282,000 after purchasing an additional 135 shares in the last quarter. US Bancorp DE increased its holdings in shares of Logitech International by 1.7% during the first quarter. US Bancorp DE now owns 8,484 shares of the technology company’s stock valued at $716,000 after purchasing an additional 140 shares during the period. Kestra Investment Management LLC raised its stake in shares of Logitech International by 4.7% during the first quarter. Kestra Investment Management LLC now owns 3,775 shares of the technology company’s stock valued at $319,000 after purchasing an additional 170 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in Logitech International by 7.6% in the second quarter. Yousif Capital Management LLC now owns 2,821 shares of the technology company’s stock worth $254,000 after purchasing an additional 200 shares during the period. 45.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on LOGI shares. Zacks Research upgraded shares of Logitech International from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. BNP Paribas raised Logitech International from a “hold” rating to a “strong-buy” rating and boosted their target price for the stock from $100.00 to $109.00 in a report on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Logitech International in a research note on Wednesday, October 8th. BNP Paribas Exane upgraded Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 price target on the stock in a research report on Tuesday, August 5th. Finally, Citigroup upgraded Logitech International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $130.00 in a report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $106.00.

Insider Buying and Selling at Logitech International

In related news, Director Neela Montgomery sold 5,833 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $120.61, for a total transaction of $703,518.13. Following the transaction, the director directly owned 12,781 shares of the company’s stock, valued at approximately $1,541,516.41. The trade was a 31.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Prakash Arunkundrum sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $111.03, for a total value of $555,150.00. Following the sale, the insider owned 62,437 shares of the company’s stock, valued at $6,932,380.11. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 20,733 shares of company stock worth $2,298,168. Company insiders own 0.19% of the company’s stock.

Logitech International Stock Up 0.1%

NASDAQ:LOGI opened at $112.86 on Tuesday. The stock has a fifty day simple moving average of $112.65 and a 200 day simple moving average of $101.08. The firm has a market capitalization of $17.85 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 4.25 and a beta of 1.05. Logitech International S.A. has a 1-year low of $64.73 and a 1-year high of $123.01.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, October 28th. The technology company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.23. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. Logitech International had a net margin of 14.11% and a return on equity of 32.01%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 earnings per share. Logitech International has set its Q3 2026 guidance at EPS. Equities analysts predict that Logitech International S.A. will post 4.21 earnings per share for the current year.

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.