Larson Financial Group LLC Takes $841,000 Position in Logitech International S.A. (NASDAQ:LOGI)

Larson Financial Group LLC bought a new position in Logitech International S.A. (NASDAQ:LOGI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,953 shares of the technology company’s stock, valued at approximately $841,000.

Other large investors also recently bought and sold shares of the company. Baillie Gifford & Co. bought a new stake in shares of Logitech International during the 2nd quarter valued at $32,000. MV Capital Management Inc. bought a new stake in Logitech International during the second quarter valued at about $37,000. Burleson & Company LLC bought a new position in shares of Logitech International in the first quarter worth about $33,000. Total Clarity Wealth Management Inc. purchased a new position in shares of Logitech International during the 1st quarter valued at about $36,000. Finally, Ameritas Investment Company LLC purchased a new stake in Logitech International in the 1st quarter worth approximately $54,000. 38.01% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on LOGI shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of Logitech International in a report on Wednesday, July 28th. The Goldman Sachs Group downgraded Logitech International from a “buy” rating to a “neutral” rating in a research note on Thursday, June 24th. Zacks Investment Research lowered shares of Logitech International from a “buy” rating to a “hold” rating and set a $129.00 price objective for the company. in a report on Wednesday, June 30th. Loop Capital cut shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 28th. Finally, Morgan Stanley reduced their price target on shares of Logitech International from $126.00 to $119.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $122.88.

Shares of NASDAQ LOGI traded down $1.77 during midday trading on Wednesday, reaching $97.24. 5,866 shares of the company’s stock traded hands, compared to its average volume of 849,025. The company has a market cap of $16.24 billion, a price-to-earnings ratio of 16.02 and a beta of 0.81. The stock’s 50 day simple moving average is $110.08 and its 200-day simple moving average is $112.12. Logitech International S.A. has a one year low of $69.71 and a one year high of $140.17.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Sunday, July 25th. The technology company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.54. Logitech International had a return on equity of 53.43% and a net margin of 18.40%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.19 billion. Equities analysts predict that Logitech International S.A. will post 4.53 EPS for the current fiscal year.

The business also recently announced an annual dividend, which will be paid on Wednesday, September 22nd. Shareholders of record on Tuesday, September 21st will be paid a $0.9481 dividend. This represents a yield of 0.9%. The ex-dividend date is Monday, September 20th. This is a positive change from Logitech International’s previous annual dividend of $0.87.

Logitech International Profile

Logitech International SA is a holding company, which engages in the design, manufacture, and marketing of peripherals for PCs, tablets, and other digital platforms. Its products include mice, keyboards, presentation remotes, headsets, and speakers. The firm offers solutions for healthy computing, wireless charging, streaming, virtual reality, rom home, schools, healthcare, and software and apps.

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Institutional Ownership by Quarter for Logitech International (NASDAQ:LOGI)

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