Groupe la Francaise Sells 51,043 Shares of Logitech International S.A. $LOGI

Groupe la Francaise decreased its stake in Logitech International S.A. (NASDAQ:LOGI) by 98.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 800 shares of the technology company’s stock after selling 51,043 shares during the quarter. Groupe la Francaise’s holdings in Logitech International were worth $75,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LOGI. Headlands Technologies LLC bought a new stake in Logitech International in the second quarter worth $227,000. Public Employees Retirement System of Ohio purchased a new position in Logitech International during the second quarter worth $18,281,000. Foster & Motley Inc. bought a new position in Logitech International during the second quarter valued at $1,332,000. Plato Investment Management Ltd bought a new position in Logitech International during the second quarter valued at $3,065,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Logitech International by 2,227.1% in the second quarter. Assenagon Asset Management S.A. now owns 1,045,742 shares of the technology company’s stock valued at $98,189,000 after acquiring an additional 1,000,805 shares during the period. Institutional investors own 45.76% of the company’s stock.

Logitech International Stock Performance

NASDAQ:LOGI opened at $98.69 on Thursday. Logitech International S.A. has a one year low of $83.32 and a one year high of $129.66. The firm has a market cap of $14.47 billion, a P/E ratio of 18.11, a P/E/G ratio of 3.66 and a beta of 1.18. The firm has a 50-day simple moving average of $101.30 and a 200-day simple moving average of $100.47.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data 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 firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Logitech International had a net margin of 16.28% and a return on equity of 37.30%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. On average, research analysts predict that Logitech International S.A. will post 5.15 EPS for the current fiscal year.

Logitech International Cuts Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on LOGI shares. Wall Street Zen raised shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. JPMorgan Chase & Co. reduced their price objective on shares of Logitech International from $120.00 to $102.00 and set a “neutral” rating on the stock in a research report on Thursday, August 20th. Weiss Ratings lowered shares of Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 2nd. Wedbush decreased their price objective on shares of Logitech International from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Finally, Morgan Stanley dropped their target price on Logitech International from $89.00 to $88.00 and set an “underweight” rating for the company in a research report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $105.29.

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.