Sierra Summit Advisors LLC Makes New Investment in Logitech International S.A. $LOGI

Sierra Summit Advisors LLC bought a new position in shares of Logitech International S.A. (NASDAQ:LOGI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,426 shares of the technology company’s stock, valued at approximately $744,000.

A number of other hedge funds also recently bought and sold shares of the stock. Leonteq Securities AG purchased a new stake in Logitech International during the fourth quarter worth $9,877,000. PNC Financial Services Group Inc. lifted its position in shares of Logitech International by 2.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,172 shares of the technology company’s stock valued at $819,000 after buying an additional 212 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Logitech International by 9.2% during the fourth quarter. Larson Financial Group LLC now owns 2,289 shares of the technology company’s stock valued at $229,000 after buying an additional 192 shares during the last quarter. Csenge Advisory Group purchased a new stake in shares of Logitech International during the fourth quarter valued at about $243,000. Finally, AMJ Financial Wealth Management lifted its position in shares of Logitech International by 72.2% during the fourth quarter. AMJ Financial Wealth Management now owns 51,718 shares of the technology company’s stock valued at $5,183,000 after buying an additional 21,683 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on LOGI shares. Citigroup increased their price target on shares of Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings lowered Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Wedbush reiterated an “outperform” rating and set a $135.00 price objective on shares of Logitech International in a report on Wednesday, May 6th. Wall Street Zen lowered Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Barclays increased their price objective on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $113.67.

Logitech International Stock Up 1.9%

Shares of Logitech International stock opened at $105.80 on Friday. The firm has a market capitalization of $15.51 billion, a P/E ratio of 22.04, a PEG ratio of 2.64 and a beta of 1.07. The company has a 50 day moving average price of $96.71 and a 200 day moving average price of $100.10. Logitech International S.A. has a 52 week low of $81.98 and a 52 week high of $123.01.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Logitech International had a net margin of 14.69% and a return on equity of 34.12%. Logitech International’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. As a group, research analysts anticipate that Logitech International S.A. will post 5.16 earnings per share for the current fiscal year.

Logitech International News Summary

Here are the key news stories impacting Logitech International this week:

• Positive Sentiment: Zacks Research raised its FY2027 EPS estimate for Logitech to $4.94 from $4.92, suggesting slightly better profit expectations for the coming fiscal year.
• Positive Sentiment: Zacks Research also increased its Q3 2028 EPS estimate to $1.69 from $1.55, reflecting a more optimistic view of Logitech’s longer-term earnings power.
• Positive Sentiment: Logitech filed its Annual Report on Form 10-K for fiscal 2026, removing a major disclosure milestone and confirming the company remains on track with its reporting obligations. Logitech Files Annual Report on Form 10-K
• Neutral Sentiment: Analysts at Zacks Research reiterated a broad set of future earnings estimates, and the stock currently has a consensus “Hold” rating, which suggests Wall Street remains cautious but not bearish overall.
• Negative Sentiment: Zacks Research cut its Q4 2027 EPS estimate to $0.96 from $1.01, implying softer expectations for that quarter.
• Negative Sentiment: The firm also lowered its Q2 2028 EPS estimate to $1.23 from $1.28, Q4 2028 EPS to $1.00 from $1.21, and FY2028 EPS to $5.16 from $5.27, which could slightly pressure sentiment on Logitech’s longer-dated growth outlook.

Logitech International 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.