157,791 Shares in Logitech International S.A. $LOGI Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans bought a new position in Logitech International S.A. (NASDAQ:LOGI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 157,791 shares of the technology company’s stock, valued at approximately $17,210,000. Thrivent Financial for Lutherans owned approximately 0.10% of Logitech International as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mather Group LLC. bought a new stake in shares of Logitech International in the 3rd quarter valued at $34,000. Westerkirk Capital Inc. acquired a new stake in Logitech International in the second quarter worth $36,000. Richardson Financial Services Inc. increased its stake in Logitech International by 63.7% in the third quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock valued at $36,000 after purchasing an additional 128 shares in the last quarter. Groupe la Francaise acquired a new position in shares of Logitech International during the second quarter valued at about $47,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Logitech International by 40.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after purchasing an additional 165 shares during the period. 45.76% of the stock is currently owned by institutional investors.

Logitech International Stock Performance

LOGI opened at $87.53 on Wednesday. Logitech International S.A. has a fifty-two week low of $64.73 and a fifty-two week high of $123.01. The firm has a 50-day moving average of $102.77 and a 200 day moving average of $105.54.

Logitech International (NASDAQ:LOGI) last released its earnings results on Tuesday, January 27th. The technology company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. Logitech International had a net margin of 14.94% and a return on equity of 33.57%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company earned $1.59 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LOGI has been the subject of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Logitech International in a research report on Tuesday, January 20th. Morgan Stanley restated an “underweight” rating and set a $89.00 price objective (down previously from $107.00) on shares of Logitech International in a report on Tuesday, January 20th. JPMorgan Chase & Co. upped their target price on Logitech International from $104.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Logitech International in a research report on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $102.13.

Logitech International Profile

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.