Daiwa Securities Group Inc. Buys 1,844 Shares of Logitech International S.A. (NASDAQ:LOGI)

Daiwa Securities Group Inc. grew its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 29.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,064 shares of the technology company’s stock after buying an additional 1,844 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Logitech International were worth $781,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in Logitech International in the second quarter worth $35,000. National Bank of Canada FI boosted its stake in shares of Logitech International by 529.4% during the fourth quarter. National Bank of Canada FI now owns 428 shares of the technology company’s stock valued at $40,000 after purchasing an additional 360 shares during the period. Mather Group LLC. bought a new position in shares of Logitech International in the first quarter worth approximately $42,000. Blue Trust Inc. increased its position in shares of 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 shares of Logitech International during the second quarter valued at about $184,000. Institutional investors own 45.76% of the company’s stock.

Logitech International Price Performance

NASDAQ:LOGI opened at $86.07 on Monday. The firm has a market capitalization of $13.61 billion, a P/E ratio of 22.24, a PEG ratio of 2.45 and a beta of 0.79. Logitech International S.A. has a one year low of $65.31 and a one year high of $102.59. The company’s 50-day simple moving average is $88.99 and its 200 day simple moving average is $89.93.

Logitech International (NASDAQ:LOGI) last released its earnings results 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 business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.03 billion. On average, equities research analysts expect 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 will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th will be given a $1.3687 dividend. The ex-dividend date is Tuesday, September 24th. This is a boost from Logitech International’s previous annual dividend of $1.19. This represents a yield of 1.4%. Logitech International’s dividend payout ratio is 13.49%.

Analysts Set New Price Targets

LOGI has been the topic of several recent analyst reports. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Barclays upped 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. Wedbush reiterated a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a report on Tuesday, July 16th. Finally, 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. 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.