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

Semanteon Capital Management LP increased its holdings in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 248.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,515 shares of the technology company's stock after purchasing an additional 6,070 shares during the period. Semanteon Capital Management LP's holdings in Logitech International were worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in Logitech International during the third quarter worth about $542,000. Mediolanum International Funds Ltd raised its stake in Logitech International by 12.0% during the third quarter. Mediolanum International Funds Ltd now owns 42,254 shares of the technology company's stock worth $3,762,000 after acquiring an additional 4,511 shares during the period. International Assets Investment Management LLC acquired a new stake in Logitech International during the third quarter worth about $4,316,000. Private Advisor Group LLC raised its stake in Logitech International by 39.7% during the third quarter. Private Advisor Group LLC now owns 4,141 shares of the technology company's stock worth $372,000 after acquiring an additional 1,177 shares during the period. Finally, Pictet North America Advisors SA raised its stake in Logitech International by 2.5% during the third quarter. Pictet North America Advisors SA now owns 34,875 shares of the technology company's stock worth $3,124,000 after acquiring an additional 847 shares during the period. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Stock Up 3.7 %

Shares of LOGI stock traded up $3.01 during trading hours on Monday, reaching $83.72. 637,023 shares of the company's stock were exchanged, compared to its average volume of 492,969. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $102.59. The stock has a market capitalization of $13.24 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.44 and a beta of 0.79. The business has a fifty day moving average price of $87.04 and a 200-day moving average price of $89.21.

Logitech International Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Logitech International from $98.00 to $93.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Barclays dropped their price target on shares of Logitech International from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Wedbush restated a "neutral" rating and issued a $88.00 price target on shares of Logitech International in a research note on Wednesday, October 23rd. StockNews.com cut shares of Logitech International from a "strong-buy" rating to a "buy" rating in a report on Monday, July 22nd. Finally, Loop Capital decreased their price objective on shares of Logitech International from $88.00 to $81.00 and set a "hold" rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $93.00.

Insider Transactions at Logitech International

In other Logitech International news, Director Guy Gecht purchased 2,500 shares of the business's stock in a transaction dated Thursday, October 24th. The stock was bought at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the acquisition, the director now directly owns 18,503 shares in the company, valued at $1,500,963.36. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.15% of the company's stock.

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.