Semanteon Capital Management LP Purchases 6,070 Shares of Logitech International S.A. (NASDAQ:LOGI)

Semanteon Capital Management LP raised its position in Logitech International S.A. (NASDAQ:LOGI) by 248.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,515 shares of the technology company’s stock after buying an additional 6,070 shares during the quarter. Semanteon Capital Management LP’s holdings in Logitech International were worth $764,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in Logitech International by 86.4% in the 1st quarter. Russell Investments Group Ltd. now owns 552,038 shares of the technology company’s stock valued at $49,349,000 after buying an additional 255,828 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Logitech International by 76.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 48,841 shares of the technology company’s stock valued at $4,373,000 after buying an additional 21,106 shares during the period. Hsbc Holdings PLC increased its holdings in Logitech International by 380.7% in the 2nd quarter. Hsbc Holdings PLC now owns 122,926 shares of the technology company’s stock valued at $11,883,000 after buying an additional 97,353 shares during the period. Assenagon Asset Management S.A. increased its holdings in Logitech International by 166.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock valued at $123,759,000 after buying an additional 798,759 shares during the period. Finally, Toronto Dominion Bank grew its holdings in shares of Logitech International by 2,085.3% during the 2nd quarter. Toronto Dominion Bank now owns 63,439 shares of the technology company’s stock valued at $6,146,000 after purchasing an additional 60,536 shares during the last quarter. 45.76% of the stock is owned by institutional investors.

Logitech International Stock Performance

Shares of NASDAQ LOGI traded up $1.70 during midday trading on Monday, reaching $82.41. The stock had a trading volume of 78,502 shares, compared to its average volume of 490,284. The firm has a market cap of $13.03 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.44 and a beta of 0.79. Logitech International S.A. has a twelve month low of $74.72 and a twelve month high of $102.59. The company’s 50 day moving average price is $87.19 and its 200 day moving average price is $89.23.

Logitech International Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LOGI. 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 report on Wednesday, August 14th. StockNews.com lowered shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Wedbush reaffirmed a “neutral” rating and set a $88.00 price target on shares of Logitech International in a report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price target on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Barclays decreased their price target on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $94.00.

Logitech International 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.