Sierra Summit Advisors LLC Makes New $744,000 Investment in Logitech International S.A. $LOGI

Sierra Summit Advisors LLC purchased a new position in shares of Logitech International S.A. (NASDAQ:LOGI) in the fourth quarter, Holdings Channel reports. The fund purchased 7,426 shares of the technology company’s stock, valued at approximately $744,000.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new position in Logitech International during the 3rd quarter worth approximately $30,000. Westside Investment Management Inc. raised its position in Logitech International by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock worth $36,000 after buying an additional 163 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Logitech International by 40.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after buying an additional 165 shares during the last quarter. Richardson Financial Services Inc. raised its stake in shares of Logitech International by 101.5% during the 4th quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock valued at $66,000 after buying an additional 334 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Logitech International by 16.6% during the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock valued at $82,000 after buying an additional 107 shares during the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Stock Up 1.9%

Shares of Logitech International stock opened at $105.80 on Friday. Logitech International S.A. has a twelve month low of $81.98 and a twelve month high of $123.01. The business has a 50-day moving average price of $96.71 and a 200 day moving average price of $100.10. The firm has a market cap of $15.51 billion, a PE ratio of 22.04, a P/E/G ratio of 2.64 and a beta of 1.07.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share 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 return on equity of 34.12% and a net margin of 14.69%.Logitech International’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 EPS. On average, sell-side analysts expect that Logitech International S.A. will post 5.16 EPS for the current year.

Key Stories Impacting Logitech International

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.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup lifted their price objective on Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. UBS Group lowered Logitech International from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 17th. Wedbush reiterated an “outperform” rating and set a $135.00 price objective on shares of Logitech International in a research note on Wednesday, May 6th. Barclays lifted their price objective on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings lowered shares of Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $113.67.

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.