AMJ Financial Wealth Management Invests $3.29 Million in Logitech International S.A. $LOGI

AMJ Financial Wealth Management bought a new stake in Logitech International S.A. (NASDAQ:LOGI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 30,035 shares of the technology company’s stock, valued at approximately $3,294,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Logitech International by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,607,500 shares of the technology company’s stock worth $726,812,000 after purchasing an additional 37,126 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of Logitech International by 36.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 988,532 shares of the technology company’s stock valued at $107,822,000 after purchasing an additional 264,989 shares during the last quarter. Amundi raised its stake in shares of Logitech International by 13.4% during the 2nd quarter. Amundi now owns 962,779 shares of the technology company’s stock worth $89,471,000 after purchasing an additional 113,959 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of Logitech International by 31.6% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 713,509 shares of the technology company’s stock worth $64,037,000 after buying an additional 171,307 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Logitech International in the 2nd quarter worth about $42,240,000. 45.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wedbush restated an “outperform” rating and set a $135.00 price objective on shares of Logitech International in a report on Tuesday, January 20th. Morgan Stanley reissued an “underweight” rating and set a $89.00 target price (down from $107.00) on shares of Logitech International in a research report on Tuesday, January 20th. BNP Paribas Exane cut shares of Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 price target on the stock. in a report on Thursday, January 8th. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Finally, Barclays reissued an “equal weight” rating and set a $98.00 price objective (down from $134.00) on shares of Logitech International in a report on Friday, January 16th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Logitech International currently has a consensus rating of “Hold” and a consensus price target of $102.13.

Logitech International Trading Up 0.7%

LOGI opened at $90.04 on Friday. The company has a 50 day moving average of $96.02 and a 200 day moving average of $105.10. The company has a market cap of $14.24 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 3.30 and a beta of 1.11. Logitech International S.A. has a 12 month low of $64.73 and a 12 month high of $123.01.

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

About Logitech International

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.