Mitsubishi UFJ Trust & Banking Corp Has $11.52 Million Position in Logitech International S.A. $LOGI

Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 46.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,685 shares of the technology company’s stock after acquiring an additional 33,564 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Logitech International were worth $11,520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LOGI. Virtus Advisers LLC purchased a new stake in shares of Logitech International during the 2nd quarter worth about $246,000. Vise Technologies Inc. acquired a new position in Logitech International in the second quarter worth approximately $329,000. BLI Banque de Luxembourg Investments raised its position in Logitech International by 19.7% during the second quarter. BLI Banque de Luxembourg Investments now owns 75,525 shares of the technology company’s stock valued at $6,752,000 after acquiring an additional 12,446 shares in the last quarter. Assetmark Inc. raised its position in Logitech International by 6.9% during the second quarter. Assetmark Inc. now owns 56,375 shares of the technology company’s stock valued at $5,081,000 after acquiring an additional 3,640 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake 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 valued at $254,000 after acquiring an additional 200 shares during the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Logitech International Price Performance

NASDAQ LOGI opened at $93.74 on Wednesday. The stock’s 50 day simple moving average is $105.01 and its 200 day simple moving average is $105.81. Logitech International S.A. has a one year low of $64.73 and a one year high of $123.01. The firm has a market cap of $14.82 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.33 and a beta of 1.09.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.23. Logitech International had a return on equity of 32.22% and a net margin of 14.11%.The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $1.20 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current year.

Insider Activity

In related news, Director Neela Montgomery sold 5,833 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $120.61, for a total value of $703,518.13. Following the completion of the transaction, the director owned 12,781 shares in the company, valued at $1,541,516.41. The trade was a 31.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

LOGI has been the topic of several analyst reports. Zacks Research downgraded shares of Logitech International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. JPMorgan Chase & Co. raised their price objective on Logitech International from $104.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. BNP Paribas Exane cut Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 target price for the company. in a research report on Thursday, January 8th. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Citigroup reduced their price objective on shares of Logitech International from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.13.

Key Headlines Impacting Logitech International

Here are the key news stories impacting Logitech International this week:

• Positive Sentiment: Q3 results beat consensus: EPS $1.93 vs. $1.78 est. and revenue $1.42B vs. $1.40B est.; revenue +6.1% y/y and the company reported its strongest quarterly profit since the pandemic — supports earnings quality and margins. Reuters: Best quarterly profit
• Positive Sentiment: Product momentum: Logitech rolled out Rally AI cameras (upgrades for hybrid meeting rooms, AI framing and easier IT control), which could help continued strength in the video-conferencing/enterprise category. Zacks: Rally AI Cameras
• Neutral Sentiment: Revenue guidance roughly in line with expectations: Q4 revenue guidance around $1.1B and FY revenue guidance near $4.8B — showing management expects continued stable top-line, not a surprise beat.
• Negative Sentiment: Management left EPS guidance fields unclear/unspecified in the update, creating forward-earnings uncertainty; missing EPS guidance can pressure the stock even after an earnings beat as investors re-price future visibility.
• Negative Sentiment: Market reaction — despite the beat, shares pulled back on the mixed message (strong quarter but limited forward EPS detail) and higher trading volume suggests profit-taking / repositioning by investors. Business Wire: Q3 results

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.