Frank Rimerman Advisors LLC Acquires New Shares in Logitech International S.A. (NASDAQ:LOGI)

Frank Rimerman Advisors LLC acquired a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,252 shares of the technology company’s stock, valued at approximately $1,090,000.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Logitech International during the second quarter valued at $35,000. Mather Group LLC. bought a new position in Logitech International in the first quarter valued at about $42,000. Benjamin F. Edwards & Company Inc. lifted its holdings 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 period. Blue Trust Inc. lifted its holdings 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 period. 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Logitech International Stock Down 0.2 %

NASDAQ LOGI opened at $86.80 on Monday. The stock’s 50-day moving average price is $88.35 and its 200-day moving average price is $89.91. Logitech International S.A. has a 52 week low of $65.31 and a 52 week high of $102.59. The company has a market capitalization of $13.73 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 2.45 and a beta of 0.79.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Monday, July 22nd. The technology company reported $0.98 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 the consensus estimate of $1.03 billion. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. Research analysts anticipate that Logitech International S.A. will post 3.96 EPS for the current year.

Logitech International Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th will be paid a dividend of $1.3687 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 24th. This is an increase from Logitech International’s previous annual dividend of $1.19. Logitech International’s dividend payout ratio (DPR) is 13.49%.

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.