Mutual of America Capital Management LLC Invests $6.85 Million in Logitech International S.A. (NASDAQ:LOGI)

Mutual of America Capital Management LLC purchased a new position in shares of Logitech International S.A. (NASDAQ:LOGI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 76,370 shares of the technology company’s stock, valued at approximately $6,845,000.

Several other large investors have also recently added to or reduced their stakes in LOGI. FMR LLC increased its position in Logitech International by 10.7% during the 3rd quarter. FMR LLC now owns 49,033 shares of the technology company’s stock worth $3,390,000 after purchasing an additional 4,721 shares during the period. Tudor Investment Corp Et Al raised its position in Logitech International by 73.3% in the third quarter. Tudor Investment Corp Et Al now owns 58,914 shares of the technology company’s stock worth $4,062,000 after acquiring an additional 24,923 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in Logitech International in the third quarter valued at $3,309,000. Fulton Bank N.A. purchased a new stake in shares of Logitech International during the 4th quarter worth $316,000. Finally, Dfpg Investments LLC acquired a new position in shares of Logitech International during the 4th quarter worth $584,000. 45.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Logitech International

In other Logitech International news, CFO Charles D. Boynton bought 1,225 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $81.27 per share, for a total transaction of $99,555.75. Following the completion of the purchase, the chief financial officer now owns 1,225 shares of the company’s stock, valued at approximately $99,555.75. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on LOGI. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Logitech International in a report on Tuesday, April 16th. JPMorgan Chase & Co. downgraded Logitech International from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $92.00 to $85.00 in a research note on Wednesday, May 1st. StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Wedbush restated a “neutral” rating and issued a $92.00 price target on shares of Logitech International in a research report on Tuesday, April 30th. Finally, Citigroup boosted their price objective on shares of Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $91.00.

Logitech International Stock Performance

Logitech International stock traded up $1.09 during midday trading on Monday, reaching $94.94. 425,603 shares of the company were exchanged, compared to its average volume of 451,282. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 2.90 and a beta of 0.80. The firm’s 50-day simple moving average is $93.75 and its 200-day simple moving average is $90.25. Logitech International S.A. has a 1 year low of $59.37 and a 1 year high of $102.59.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $956.85 million. Logitech International had a net margin of 14.24% and a return on equity of 27.46%. On average, analysts forecast that Logitech International S.A. will post 3.85 EPS for the current fiscal year.

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.