Logitech International S.A. $LOGI Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC reduced its stake in shares of Logitech International S.A. (NASDAQ:LOGIFree Report) by 12.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,179 shares of the technology company’s stock after selling 597 shares during the period. Strengthening Families & Communities LLC’s holdings in Logitech International were worth $377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LOGI. Blue Trust Inc. grew its holdings in Logitech International by 13.3% during the 2nd quarter. Blue Trust Inc. now owns 2,678 shares of the technology company’s stock valued at $241,000 after buying an additional 314 shares during the last quarter. LGT Fund Management Co Ltd. lifted its position in shares of Logitech International by 66.3% in the second quarter. LGT Fund Management Co Ltd. now owns 5,227 shares of the technology company’s stock valued at $471,000 after acquiring an additional 2,083 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Logitech International during the second quarter valued at $919,000. QRG Capital Management Inc. increased its position in Logitech International by 14.3% during the 2nd quarter. QRG Capital Management Inc. now owns 35,070 shares of the technology company’s stock worth $3,161,000 after purchasing an additional 4,389 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in Logitech International in the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Price Performance

LOGI stock opened at $101.71 on Friday. The stock has a 50-day moving average price of $105.20 and a two-hundred day moving average price of $91.55. Logitech International S.A. has a 12-month low of $64.73 and a 12-month high of $114.94.

Logitech International (NASDAQ:LOGIGet Free Report) last released its quarterly earnings data on Tuesday, July 29th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.18. Logitech International had a return on equity of 30.81% and a net margin of 13.78%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company posted $1.13 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Logitech International has set its Q2 2026 guidance at EPS. As a group, sell-side analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Insider Transactions at Logitech International

In other Logitech International news, insider Prakash Arunkundrum sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $111.03, for a total transaction of $555,150.00. Following the completion of the sale, the insider directly owned 62,437 shares in the company, valued at $6,932,380.11. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on LOGI. Citigroup raised their price target on shares of Logitech International from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, July 11th. Morgan Stanley raised their target price on shares of Logitech International from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. BNP Paribas upgraded Logitech International from a “hold” rating to a “strong-buy” rating and boosted their price target for the company from $100.00 to $109.00 in a report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price target on Logitech International from $80.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Finally, Wedbush lifted their price objective on Logitech International from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.00.

View Our Latest Stock Report on Logitech International

Logitech International Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding LOGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Logitech International S.A. (NASDAQ:LOGIFree Report).

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

Receive News & Ratings for Logitech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logitech International and related companies with MarketBeat.com's FREE daily email newsletter.