Hsbc Holdings PLC lifted its holdings in shares of Logitech International SA (NASDAQ:LOGI) by 208.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,690 shares of the technology company’s stock after buying an additional 113,966 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of Logitech International worth $5,277,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Man Group plc grew its holdings in shares of Logitech International by 60.7% during the 3rd quarter. Man Group plc now owns 70,890 shares of the technology company’s stock worth $3,171,000 after purchasing an additional 26,783 shares during the period. Morgan Stanley grew its holdings in shares of Logitech International by 87.5% during the 3rd quarter. Morgan Stanley now owns 734,769 shares of the technology company’s stock worth $32,860,000 after purchasing an additional 342,965 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Logitech International during the 3rd quarter worth $335,000. Ontario Teachers Pension Plan Board grew its holdings in shares of Logitech International by 35.4% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 31,744 shares of the technology company’s stock worth $1,418,000 after purchasing an additional 8,307 shares during the period. Finally, LPL Financial LLC purchased a new position in shares of Logitech International during the 3rd quarter worth $203,000. 36.85% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on LOGI. Maxim Group reiterated a “hold” rating and set a $34.00 price target on shares of Logitech International in a report on Monday. BidaskClub cut Logitech International from a “sell” rating to a “strong sell” rating in a report on Saturday, November 17th. Wedbush reiterated a “buy” rating and set a $40.00 price target on shares of Logitech International in a report on Wednesday, January 16th. JPMorgan Chase & Co. raised Logitech International from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $38.00 to $42.00 in a report on Wednesday, January 23rd. Finally, Zacks Investment Research cut Logitech International from a “strong-buy” rating to a “hold” rating in a report on Monday, January 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.71.
Shares of LOGI stock opened at $38.28 on Friday. The firm has a market cap of $6.29 billion, a P/E ratio of 28.57, a PEG ratio of 2.47 and a beta of 1.21. Logitech International SA has a 1 year low of $29.06 and a 1 year high of $49.96.
Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Monday, January 21st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.17. The firm had revenue of $864.39 million during the quarter, compared to analysts’ expectations of $854.11 million. Logitech International had a return on equity of 26.85% and a net margin of 9.06%. Logitech International’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. Analysts predict that Logitech International SA will post 1.69 EPS for the current year.
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About Logitech International
Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.
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