Nuveen LLC Makes New $35.93 Million Investment in Logitech International S.A. (NASDAQ:LOGI)

Nuveen LLC purchased a new position in Logitech International S.A. (NASDAQ:LOGI) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 429,992 shares of the technology company’s stock, valued at approximately $35,925,000. Nuveen LLC owned about 0.27% of Logitech International at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LOGI. Banque Transatlantique SA acquired a new stake in Logitech International in the 4th quarter worth $26,000. Bessemer Group Inc. grew its position in Logitech International by 1,339.1% in the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company’s stock worth $27,000 after purchasing an additional 308 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Logitech International by 975.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company’s stock worth $40,000 after purchasing an additional 439 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in Logitech International in the 4th quarter worth $59,000. Finally, Farther Finance Advisors LLC grew its position in Logitech International by 87.3% in the 1st quarter. Farther Finance Advisors LLC now owns 940 shares of the technology company’s stock worth $80,000 after purchasing an additional 438 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LOGI has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Logitech International from $80.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Morgan Stanley increased their price target on shares of Logitech International from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Citigroup increased their price target on shares of Logitech International from $85.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, July 11th. BNP Paribas Exane raised shares of Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 price target for the company in a research report on Tuesday, August 5th. Finally, BNP Paribas raised shares of Logitech International from a “hold” rating to a “strong-buy” rating and increased their price target for the stock from $100.00 to $109.00 in a research report on Tuesday, August 5th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $97.00.

Logitech International Stock Down 0.6%

NASDAQ LOGI opened at $97.76 on Friday. The company has a 50 day moving average of $92.23 and a 200-day moving average of $88.90. Logitech International S.A. has a 1-year low of $64.73 and a 1-year high of $105.65.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, July 29th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.18. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. Logitech International had a net margin of 13.78% and a return on equity of 30.81%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.13 earnings per share. Sell-side analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current year.

Logitech International Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Tuesday, September 23rd will be issued a dividend of $1.543 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This is a positive change from Logitech International’s previous annual dividend of $1.37. This represents a dividend yield of 140.0%.

About Logitech International

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.