Ashton Thomas Private Wealth LLC Takes Position in Logitech International S.A. (NASDAQ:LOGI)

Ashton Thomas Private Wealth LLC acquired a new stake in Logitech International S.A. (NASDAQ:LOGI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 364 shares of the technology company’s stock, valued at approximately $35,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. National Bank of Canada FI raised its holdings in shares of Logitech International by 529.4% in the 4th 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 in the last quarter. Mather Group LLC. purchased a new position in shares of Logitech International in the 1st quarter valued at $42,000. Blue Trust Inc. grew its position in shares of Logitech International by 2,036.8% in the 2nd quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock valued at $130,000 after buying an additional 1,385 shares during the last quarter. Syquant Capital Sas purchased a new position in shares of Logitech International in the 2nd quarter valued at $184,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Logitech International by 17.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,078 shares of the technology company’s stock valued at $186,000 after buying an additional 314 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Stock Down 0.4 %

Shares of NASDAQ:LOGI opened at $85.71 on Tuesday. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.45 and a beta of 0.79. The firm’s 50-day simple moving average is $88.80 and its 200-day simple moving average is $89.92. Logitech International S.A. has a fifty-two week low of $65.31 and a fifty-two week high of $102.59.

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

Logitech International Increases Dividend

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

Analysts Set New Price Targets

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