Thrivent Financial for Lutherans Has $1.97 Million Holdings in Logitech International S.A. $LOGI

Thrivent Financial for Lutherans decreased its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 87.9% in the 4th quarter, HoldingsChannel reports. The firm owned 19,139 shares of the technology company’s stock after selling 138,652 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Logitech International were worth $1,970,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in shares of Logitech International by 16.6% during the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock worth $82,000 after acquiring an additional 107 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Logitech International by 6.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,886 shares of the technology company’s stock valued at $207,000 after purchasing an additional 107 shares in the last quarter. Pathstone Holdings LLC raised its position in Logitech International by 0.7% during the third quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock valued at $1,812,000 after purchasing an additional 120 shares in the last quarter. Frank Rimerman Advisors LLC lifted its stake in Logitech International by 1.1% during the third quarter. Frank Rimerman Advisors LLC now owns 11,389 shares of the technology company’s stock worth $1,249,000 after purchasing an additional 122 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Logitech International by 2.0% in the 4th quarter. Signaturefd LLC now owns 6,167 shares of the technology company’s stock valued at $618,000 after purchasing an additional 122 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Stock Down 1.1%

Shares of LOGI stock opened at $111.36 on Wednesday. The firm has a market capitalization of $16.32 billion, a P/E ratio of 23.20, a P/E/G ratio of 2.86 and a beta of 1.07. Logitech International S.A. has a twelve month low of $81.98 and a twelve month high of $123.01. The stock’s fifty day simple moving average is $97.88 and its 200 day simple moving average is $99.94.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. As a group, equities research analysts expect that Logitech International S.A. will post 5.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LOGI shares. Weiss Ratings upgraded Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Barclays raised their price objective on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Wedbush reissued an “outperform” rating and set a $135.00 target price on shares of Logitech International in a research note on Wednesday, May 6th. Finally, UBS Group cut shares of Logitech International from a “buy” rating to a “neutral” rating in a report on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $113.67.

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.