Evergreen Capital Management LLC Has $340,000 Position in Logitech International S.A. (NASDAQ:LOGI)

Evergreen Capital Management LLC increased its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,510 shares of the technology company’s stock after acquiring an additional 194 shares during the period. Evergreen Capital Management LLC’s holdings in Logitech International were worth $340,000 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 company. Ashton Thomas Private Wealth LLC bought a new stake in Logitech International during the second quarter worth $35,000. Mather Group LLC. bought a new stake in shares of Logitech International during the 1st quarter worth $42,000. Benjamin F. Edwards & Company Inc. boosted 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 buying an additional 495 shares in the last quarter. Blue Trust Inc. grew its position 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 bought a new position in Logitech International in the second quarter valued at about $184,000. 45.76% of the stock is owned by institutional investors.

Logitech International Stock Up 2.4 %

Shares of Logitech International stock opened at $87.76 on Friday. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 2.52 and a beta of 0.79. Logitech International S.A. has a twelve month low of $67.07 and a twelve month high of $102.59. The company’s fifty day moving average is $87.97 and its 200 day moving average is $89.82.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, July 22nd. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.03 billion. As a group, equities analysts anticipate that Logitech International S.A. will post 3.96 earnings per share for the current fiscal year.

Logitech International Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were issued a dividend of $1.3687 per share. This is a positive change 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%.

Analyst Upgrades and Downgrades

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

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.