Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Seven Eight Capital LP

Seven Eight Capital LP cut its holdings in Logitech International S.A. (NASDAQ:LOGI) by 31.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,928 shares of the technology company’s stock after selling 9,741 shares during the period. Seven Eight Capital LP’s holdings in Logitech International were worth $2,028,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hsbc Holdings PLC boosted its holdings in shares of Logitech International by 380.7% in the 2nd quarter. Hsbc Holdings PLC now owns 122,926 shares of the technology company’s stock valued at $11,883,000 after buying an additional 97,353 shares during the period. SkyOak Wealth LLC acquired a new position in shares of Logitech International in the 2nd quarter valued at about $313,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Logitech International by 5.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,997 shares of the technology company’s stock valued at $1,259,000 after buying an additional 673 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Logitech International by 8.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company’s stock valued at $157,324,000 after buying an additional 120,000 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in shares of Logitech International by 18.7% in the 2nd quarter. Quantbot Technologies LP now owns 36,889 shares of the technology company’s stock valued at $3,574,000 after buying an additional 5,803 shares during the period. 45.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Loop Capital lifted their price target on shares of Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Barclays lifted their price objective on shares of Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, Wedbush reiterated a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $93.14.

Logitech International Trading Down 1.5 %

LOGI stock opened at $85.69 on Thursday. Logitech International S.A. has a 52 week low of $65.31 and a 52 week high of $102.59. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.45 and a beta of 0.79. The firm’s 50-day moving average is $88.65 and its two-hundred day moving average is $89.91.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, July 22nd. The technology company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. Logitech International had a net margin of 15.67% and a return on equity of 30.51%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.03 billion. On average, equities research analysts predict that Logitech International S.A. will post 3.96 earnings per share for the current year.

Logitech International Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th will be given a dividend of $1.3687 per share. This represents a dividend yield of 1.4%. This is an increase from Logitech International’s previous annual dividend of $1.19. The ex-dividend date of this dividend is Tuesday, September 24th. Logitech International’s payout ratio is 13.49%.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.