Logitech (LOGI) Launches the MeetUp 2 Conference Camera
Logitech (LOGI) unveils the second in its series of AI-powered USB conference cameras ??? MeetUp 2.
National Bank of Canada FI Purchases 360 Shares of Logitech International S.A. (NASDAQ:LOGI)
National Bank of Canada FI boosted its holdings in shares of Logitech International S.A. (NASDAQ:LOGI – Free Report) by 529.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 428 shares of the technology company’s stock after acquiring an additional 360 shares during the quarter. National Bank of Canada FI’s holdings in Logitech International were worth $40,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. bought a new position in shares of Logitech International during the 4th quarter valued at $33,000. Blue Trust Inc. lifted its position in shares of Logitech International by 65.6% in the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock worth $40,000 after buying an additional 168 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Logitech International by 249.1% during the 3rd quarter. Allworth Financial LP now owns 754 shares of the technology company’s stock worth $52,000 after acquiring an additional 538 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Logitech International during the 4th quarter valued at about $104,000. Finally, Claro Advisors LLC bought a new position in shares of Logitech International in the 4th quarter valued at approximately $201,000. Institutional investors own 45.76% of the company’s stock. Analysts Set New Price Targets Several equities analysts have commented on LOGI shares. Berenberg Bank initiated coverage on Logitech International in a report on Thursday, March 14th. They set a “buy” rating and a $111.00 price target on the stock. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Logitech International in a report on Tuesday, April 16th. Morgan Stanley restated an “underweight” rating and set a $75.00 price target (down from $85.00) on shares of Logitech International in a report on Monday, April 15th. JPMorgan Chase & Co. lowered Logitech International from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $92.00 to $85.00 in a research note on Wednesday, May 1st. Finally, StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $91.00. Check Out Our Latest Report on Logitech International Insider Activity In related news, COO Prakash Arunkundrum sold 699 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $90.00, for a total transaction of $62,910.00. Following the completion of the sale, the chief operating officer now directly owns 67,848 shares of the company’s stock, valued at approximately $6,106,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Prakash Arunkundrum sold 699 shares of Logitech International stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $90.00, for a total value of $62,910.00. Following the completion of the sale, the chief operating officer now directly owns 67,848 shares of the company’s stock, valued at approximately $6,106,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Charles D. Boynton acquired 1,225 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $81.27 per share, with a total value of $99,555.75. Following the completion of the acquisition, the chief financial officer now directly owns 1,225 shares in the company, valued at approximately $99,555.75. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 23,922 shares of company stock worth $2,152,844. Insiders own 0.15% of the company’s stock. Logitech International Stock Up 0.8 % Shares of LOGI opened at $89.96 on Monday. The stock’s 50-day moving average price is $86.01 and its 200 day moving average price is $87.55. The firm has a market capitalization of $14.23 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 2.78 and a beta of 0.78. Logitech International S.A. has a 12-month low of $53.91 and a 12-month high of $96.66. Logitech International (NASDAQ:LOGI – Get Free Report) last posted its earnings results on Monday, April 29th. The technology company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $956.85 million. Logitech International had a net margin of 14.24% and a return on equity of 27.68%. Equities research analysts expect that Logitech International S.A. will post 3.85 EPS for the current year. Logitech International Company Profile (Free Report) Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices. Read More Five stocks we like better than Logitech International The How And Why of Investing in Oil Stocks MarketBeat Week in Review – 5/13 – 5/17 What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story Take-Two Interactive Software Offers 2nd Chance for Investors The 3 Best Fintech Stocks to Buy Now Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding LOGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Logitech International S.A. (NASDAQ:LOGI – Free Report).
Logitech: Initiate Buy Rating On Growth And Margin Expansion Tailwinds
Logitech is recommended as a buy due to strong growth potential and a large addressable market. The company's 4Q24 results beat expectations, with growth in the Creativity & Productivity and Gaming segments. Logitech is well-positioned to benefit from the increasing demand for AI and has the potential to expand gross margins.
