Syquant Capital Sas Has $201,000 Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Syquant Capital Sas raised its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 18.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,245 shares of the technology company’s stock after purchasing an additional 343 shares during the period. Logitech International accounts for approximately 0.7% of Syquant Capital Sas’ holdings, making the stock its 5th biggest holding. Syquant Capital Sas’ holdings in Logitech International were worth $201,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LOGI. Ashton Thomas Private Wealth LLC bought a new position in Logitech International during the second quarter worth about $35,000. Mather Group LLC. acquired a new position in shares of Logitech International in the 1st quarter valued at $42,000. Employees Retirement System of Texas bought a new stake in shares of Logitech International in the 2nd quarter valued at $63,000. Benjamin F. Edwards & Company Inc. raised its stake in Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after buying an additional 495 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Logitech International by 2,036.8% during the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock worth $130,000 after acquiring an additional 1,385 shares in the last quarter. Institutional investors own 45.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LOGI. Wedbush restated a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a report on Tuesday, July 16th. Barclays increased their target price on Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Loop Capital lifted their price target on shares of Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Finally, StockNews.com cut shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $93.14.

Logitech International Stock Performance

Logitech International stock traded up $0.05 during mid-day trading on Friday, reaching $85.66. The company’s stock had a trading volume of 473,064 shares, compared to its average volume of 456,775. Logitech International S.A. has a 12 month low of $67.82 and a 12 month high of $102.59. The business’s 50 day simple moving average is $87.71 and its 200 day simple moving average is $89.60. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.52 and a beta of 0.79.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Monday, July 22nd. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.20. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.03 billion. As a group, sell-side analysts expect that Logitech International S.A. will post 3.96 EPS for the current year.

Logitech International Increases Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were given a dividend of $1.3687 per share. This is a positive change from Logitech International’s previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th. This represents a dividend yield of 1.4%. Logitech International’s payout ratio is 13.49%.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.