Maverick Capital Ltd. Invests $593,000 in Logitech International S.A. $LOGI

Maverick Capital Ltd. bought a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) in the 1st quarter, HoldingsChannel.com reports. The fund bought 6,548 shares of the technology company’s stock, valued at approximately $593,000.

Other large investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA increased its stake in shares of Logitech International by 8.7% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 260,162 shares of the technology company’s stock valued at $26,777,000 after purchasing an additional 20,866 shares in the last quarter. Willis Investment Counsel boosted its position in Logitech International by 40.0% during the fourth quarter. Willis Investment Counsel now owns 42,747 shares of the technology company’s stock worth $4,284,000 after purchasing an additional 12,221 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Logitech International by 65.4% in the fourth quarter. QRG Capital Management Inc. now owns 32,532 shares of the technology company’s stock valued at $3,260,000 after purchasing an additional 12,864 shares during the period. Plato Investment Management Ltd grew its holdings in Logitech International by 65.7% in the fourth quarter. Plato Investment Management Ltd now owns 44,871 shares of the technology company’s stock valued at $4,640,000 after purchasing an additional 17,796 shares during the period. Finally, Entropy Technologies LP increased its position in shares of Logitech International by 647.0% in the first quarter. Entropy Technologies LP now owns 18,921 shares of the technology company’s stock valued at $1,724,000 after buying an additional 16,388 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Trading Up 3.6%

NASDAQ:LOGI opened at $111.66 on Wednesday. The company has a market cap of $16.37 billion, a P/E ratio of 23.26, a P/E/G ratio of 4.51 and a beta of 1.17. Logitech International S.A. has a twelve month low of $83.32 and a twelve month high of $129.66. The company’s 50-day moving average price is $106.36 and its 200-day moving average price is $98.42.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.59. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Logitech International had a net margin of 14.69% and a return on equity of 34.09%. Logitech International’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 EPS. On average, analysts expect that Logitech International S.A. will post 5.21 earnings per share for the current year.

Logitech International Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 22nd will be issued a dividend of $1.36 per share. This represents a dividend yield of 126.0%. The ex-dividend date is Tuesday, September 22nd.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LOGI. Bank of America downgraded Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 target price for the company. in a research note on Tuesday, June 30th. Citigroup lifted their price target on shares of Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Wedbush restated an “outperform” rating and set a $135.00 price objective on shares of Logitech International in a research report on Wednesday, July 22nd. Finally, Barclays upped their price objective on shares of Logitech International from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $109.57.

Key Stories Impacting Logitech International

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

• Positive Sentiment: Logitech reported quarterly earnings of $1.85 per share, well above the $1.30–$1.33 consensus range and up from $1.26 a year earlier. Revenue reached approximately $1.23 billion, also exceeding the roughly $1.20 billion analyst forecast. Logitech Q1 Earnings and Revenues Beat Estimates
• Positive Sentiment: Underlying profitability improved sharply: a financial summary cited revenue growth of 6.9%, a 59.5% increase in operating profit, and a 61.4% rise in net income. Operating cash flow also grew 33.3% to $166.7 million, supporting the view that the quarter’s performance was not limited to revenue growth. Logitech Q1 2027 Financial Results
• Positive Sentiment: The company’s cash balance was reported at $1.75 billion, up 17.6% year over year, giving Logitech financial flexibility for investment, shareholder returns, or protection against uncertain demand and trade costs.
• Neutral Sentiment: Management’s second-quarter revenue guidance of approximately $1.2 billion was broadly in line with analyst expectations. This supports stable near-term demand but does not represent a clear upward revision to forecasts. Logitech Announces Q1 Fiscal Year 2027 Results
• Negative Sentiment: Reuters reported that the earnings and profit beat was helped by a large refund of tariffs imposed in the United States. Investors may therefore discount some of the quarter’s margin strength because tariff refunds are unlikely to recur consistently. Logitech Beats Forecasts After U.S. Tariff Refund

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.