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

Semanteon Capital Management LP boosted its holdings in Logitech International S.A. (NASDAQ:LOGI) by 248.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

A number of other hedge funds have also added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new stake in Logitech International in the second quarter valued at $35,000. Employees Retirement System of Texas acquired a new stake in Logitech International in the second quarter valued at $63,000. Benjamin F. Edwards & Company Inc. lifted its stake in Logitech International by 139.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after acquiring an additional 495 shares during the last quarter. Blue Trust Inc. lifted its stake in Logitech International by 2,036.8% in the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock valued at $130,000 after acquiring an additional 1,385 shares during the last quarter. Finally, Syquant Capital Sas acquired a new stake in Logitech International in the second quarter valued at $184,000. Institutional investors own 45.76% of the company’s stock.

Logitech International Price Performance

Logitech International stock traded up $1.70 during midday trading on Monday, hitting $82.41. The company’s stock had a trading volume of 78,502 shares, compared to its average volume of 490,284. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $102.59. The company has a 50-day moving average price of $87.19 and a two-hundred day moving average price of $89.23. The company has a market cap of $13.03 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.44 and a beta of 0.79.

Logitech International Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company 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 research note on Monday, July 22nd. Loop Capital raised their target price on shares of Logitech International from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Barclays cut their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Wedbush restated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research note on Wednesday, October 23rd. 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, the company presently has an average rating of “Hold” and an average target price of $94.00.

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.