Militia Capital Management LLC Takes $501,000 Position in Logitech International S.A. $LOGI

Militia Capital Management LLC acquired a new position in shares of Logitech International S.A. (NASDAQ:LOGI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,500 shares of the technology company’s stock, valued at approximately $501,000.

A number of other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in shares of Logitech International by 61.2% in the 1st quarter. AQR Capital Management LLC now owns 4,175 shares of the technology company’s stock worth $352,000 after purchasing an additional 1,585 shares in the last quarter. Rhumbline Advisers increased its position in shares of Logitech International by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 4,732 shares of the technology company’s stock valued at $426,000 after purchasing an additional 152 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Logitech International by 40.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after buying an additional 165 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Logitech International by 13.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,779 shares of the technology company’s stock valued at $160,000 after buying an additional 206 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position in Logitech International by 1.3% in the 2nd quarter. Guggenheim Capital LLC now owns 10,182 shares of the technology company’s stock worth $918,000 after buying an additional 126 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on LOGI shares. Barclays cut their target price on Logitech International from $105.00 to $101.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Morgan Stanley lowered their price objective on shares of Logitech International from $89.00 to $88.00 and set an “underweight” rating for the company in a report on Wednesday, July 8th. Wall Street Zen lowered shares of Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Logitech International from $123.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Logitech International presently has an average rating of “Hold” and an average price target of $107.86.

Logitech International Trading Up 2.6%

Logitech International stock opened at $105.11 on Tuesday. The firm has a market cap of $15.41 billion, a P/E ratio of 19.29, a P/E/G ratio of 3.76 and a beta of 1.17. Logitech International S.A. has a 1-year low of $83.32 and a 1-year high of $129.66. The firm has a 50-day moving average of $105.90 and a 200-day moving average of $98.60.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.59. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Logitech International had a return on equity of 37.30% and a net margin of 16.28%.Logitech International’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 EPS. Research analysts forecast that Logitech International S.A. will post 5.21 earnings per share for the current fiscal year.

Logitech International Cuts Dividend

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

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.