Mount Yale Investment Advisors LLC Makes New Investment in Logitech International S.A. (NASDAQ:LOGI)

Mount Yale Investment Advisors LLC acquired a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,953 shares of the technology company’s stock, valued at approximately $286,000.

Other institutional investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC purchased a new position in Logitech International during the 2nd quarter valued at about $1,090,000. Canada Pension Plan Investment Board grew its position in shares of Logitech International by 4.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 302,022 shares of the technology company’s stock worth $29,214,000 after buying an additional 12,685 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Logitech International by 139.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after buying an additional 495 shares during the period. Leuthold Group LLC purchased a new position in shares of Logitech International during the second quarter valued at approximately $228,000. Finally, Sienna Gestion bought a new position in shares of Logitech International during the second quarter valued at approximately $4,609,000. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Logitech International Trading Down 1.9 %

NASDAQ LOGI opened at $85.32 on Wednesday. Logitech International S.A. has a 12 month low of $65.31 and a 12 month high of $102.59. The stock has a market cap of $13.49 billion, a PE ratio of 22.05, a P/E/G ratio of 2.45 and a beta of 0.79. The stock’s 50 day moving average is $88.09 and its 200 day moving average is $89.86.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Monday, July 22nd. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.20. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. On average, analysts forecast that Logitech International S.A. will post 3.96 EPS for the current fiscal year.

Logitech International Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th will be issued a dividend of $1.3687 per share. This represents a dividend yield of 1.4%. This is a boost from Logitech International’s previous annual dividend of $1.19. The ex-dividend date is Tuesday, September 24th. Logitech International’s dividend payout ratio is 13.49%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Barclays upped their target price on Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Loop Capital raised their target price on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.14.

Logitech International Company 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.