Semanteon Capital Management LP Buys 4,664 Shares of Logitech International S.A. (NASDAQ:LOGI)

Semanteon Capital Management LP lifted its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 54.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,179 shares of the technology company’s stock after acquiring an additional 4,664 shares during the quarter. Semanteon Capital Management LP’s holdings in Logitech International were worth $1,085,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Logitech International during the 4th quarter worth approximately $27,000. Exane Asset Management acquired a new position in shares of Logitech International during the fourth quarter worth $32,000. MassMutual Private Wealth & Trust FSB increased its holdings in Logitech International by 56.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after purchasing an additional 233 shares during the period. Global Retirement Partners LLC raised its position in Logitech International by 109.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,208 shares of the technology company’s stock worth $99,000 after purchasing an additional 631 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. lifted its holdings in Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after buying an additional 1,153 shares during the period. Institutional investors own 45.76% of the company’s stock.

Insider Buying and Selling

In related news, insider Samantha Harnett sold 300 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total value of $28,980.00. Following the sale, the insider now owns 7,348 shares in the company, valued at approximately $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.16% of the stock is currently owned by insiders.

Logitech International Stock Performance

Shares of LOGI opened at $90.87 on Friday. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $105.65. The stock has a 50 day moving average price of $95.77 and a two-hundred day moving average price of $87.98. The firm has a market capitalization of $14.37 billion, a P/E ratio of 21.33, a P/E/G ratio of 2.61 and a beta of 0.73.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. On average, equities analysts forecast that Logitech International S.A. will post 4.21 earnings per share for the current year.

Logitech International announced that its Board of Directors has approved a share repurchase program on Wednesday, March 5th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the technology company to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Citigroup raised their target price on Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wedbush raised shares of Logitech International from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $100.00 to $125.00 in a research report on Friday, March 7th. Finally, Bank of America reiterated an “underperform” rating and set a $90.00 target price (down previously from $105.00) on shares of Logitech International in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $100.14.

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.