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

Militia Capital Management LLC bought a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) during the 1st quarter, Holdings Channel reports. The firm bought 5,500 shares of the technology company’s stock, valued at approximately $501,000.

Several other hedge funds have also bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its position in Logitech International by 15.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 861 shares of the technology company’s stock worth $86,000 after buying an additional 114 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of Logitech International by 0.7% during the 3rd quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock valued at $1,812,000 after buying an additional 120 shares in the last quarter. Signaturefd LLC lifted its position in shares of Logitech International by 2.0% during the 4th quarter. Signaturefd LLC now owns 6,167 shares of the technology company’s stock valued at $618,000 after buying an additional 122 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of Logitech International by 1.3% during the 2nd quarter. Guggenheim Capital LLC now owns 10,182 shares of the technology company’s stock valued at $918,000 after acquiring an additional 126 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in Logitech International by 1.2% in the 2nd quarter. Corient Private Wealth LLC now owns 10,775 shares of the technology company’s stock worth $971,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Trading Down 1.5%

Shares of LOGI opened at $102.90 on Friday. The business’s 50 day moving average is $106.09 and its 200 day moving average is $98.22. Logitech International S.A. has a 12-month low of $83.32 and a 12-month high of $129.66. The company has a market capitalization of $15.08 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 4.37 and a beta of 1.17.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts predict 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. Investors of record on Tuesday, September 22nd will be given a dividend of $1.36 per share. The ex-dividend date is Tuesday, September 22nd. This represents a dividend yield of 126.0%.

Analyst Ratings Changes

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

Logitech International Company 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.