Logitech International S.A. $LOGI Holdings Raised by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA boosted its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 397.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 239,296 shares of the technology company’s stock after purchasing an additional 191,180 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Logitech International were worth $26,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. NatWest Group plc raised its stake in shares of Logitech International by 0.5% during the 3rd quarter. NatWest Group plc now owns 22,813 shares of the technology company’s stock worth $2,502,000 after purchasing an additional 113 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in Logitech International by 1.1% in the third quarter. Frank Rimerman Advisors LLC now owns 11,389 shares of the technology company’s stock worth $1,249,000 after buying an additional 122 shares during the last quarter. Guggenheim Capital LLC raised its position in Logitech International by 1.3% during the second quarter. Guggenheim Capital LLC now owns 10,182 shares of the technology company’s stock valued at $918,000 after acquiring an additional 126 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Logitech International by 1.2% in the second quarter. Corient Private Wealth LLC now owns 10,775 shares of the technology company’s stock valued at $971,000 after acquiring an additional 126 shares during the last quarter. Finally, Richardson Financial Services Inc. grew its position in Logitech International by 63.7% in the third quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock worth $36,000 after acquiring an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Stock Up 0.3%

Shares of LOGI opened at $91.69 on Tuesday. The company has a 50-day simple moving average of $101.10 and a 200-day simple moving average of $105.39. Logitech International S.A. has a 52 week low of $64.73 and a 52 week high of $123.01.

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

Analysts Set New Price Targets

LOGI has been the topic of several analyst reports. Morgan Stanley restated an “underweight” rating and set a $89.00 price target (down previously from $107.00) on shares of Logitech International in a research note on Tuesday, January 20th. Wedbush reissued an “outperform” rating and set a $135.00 target price on shares of Logitech International in a research report on Tuesday, January 20th. Wall Street Zen lowered Logitech International from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Logitech International in a research note on Thursday, January 22nd. Finally, Citigroup lowered their price objective on Logitech International from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Logitech International currently has an average rating of “Hold” and a consensus 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.