Aristides Capital LLC Takes Position in Logitech International S.A. (NASDAQ:LOGI)

Aristides Capital LLC purchased a new position in shares of Logitech International S.A. (NASDAQ:LOGI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,959 shares of the technology company’s stock, valued at approximately $287,000.

Several other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC increased its holdings in Logitech International by 32.7% in the 1st quarter. Acadian Asset Management LLC now owns 6,207,484 shares of the technology company’s stock valued at $556,523,000 after purchasing an additional 1,527,984 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Logitech International by 166.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock valued at $123,759,000 after acquiring an additional 798,759 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Logitech International by 20.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,837,505 shares of the technology company’s stock worth $174,162,000 after acquiring an additional 306,948 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Logitech International by 86.4% in the first quarter. Russell Investments Group Ltd. now owns 552,038 shares of the technology company’s stock valued at $49,349,000 after buying an additional 255,828 shares during the last quarter. Finally, Susquehanna International Securities Ltd. acquired a new position in shares of Logitech International during the 1st quarter valued at about $15,091,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on LOGI shares. StockNews.com lowered shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Loop Capital upped their price objective 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. Wedbush reissued a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research note on Tuesday, July 16th. Finally, 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. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $93.14.

Logitech International Stock Performance

LOGI stock opened at $89.73 on Tuesday. The company has a market capitalization of $14.19 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 2.52 and a beta of 0.79. The business has a 50-day simple moving average of $87.93 and a two-hundred day simple moving average of $89.73. Logitech International S.A. has a 52-week low of $67.82 and a 52-week high of $102.59.

Logitech International (NASDAQ:LOGI) last issued 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. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.03 billion. As a group, sell-side analysts forecast that Logitech International S.A. will post 3.96 earnings per share for the current fiscal year.

Logitech International Increases Dividend

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

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.