Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,529 shares of the technology company’s stock after selling 294 shares during the period. Rhumbline Advisers’ holdings in Logitech International were worth $633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new stake in Logitech International during the first quarter worth about $42,000. Blue Trust Inc. grew its position in shares of Logitech International by 2,036.8% during the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock worth $130,000 after acquiring an additional 1,385 shares during the last quarter. Syquant Capital Sas acquired a new stake in Logitech International during the 2nd quarter worth approximately $184,000. EverSource Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 314 shares in the last quarter. Finally, Claro Advisors LLC lifted its holdings in Logitech International by 6.2% in the first quarter. Claro Advisors LLC now owns 2,241 shares of the technology company’s stock valued at $200,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Analyst Ratings Changes

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

Logitech International Stock Down 1.9 %

Shares of NASDAQ:LOGI opened at $85.32 on Wednesday. The company’s 50-day moving average price is $88.09 and its 200 day moving average price is $89.86. Logitech International S.A. has a fifty-two week low of $65.31 and a fifty-two week high of $102.59. The company has a market cap of $13.49 billion, a PE ratio of 22.05, a P/E/G ratio of 2.45 and a beta of 0.79.

Logitech International (NASDAQ:LOGI) last released its earnings results on Monday, July 22nd. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.78 by $0.20. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Logitech International had a net margin of 15.67% and a return on equity of 30.51%. As a group, equities analysts anticipate 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. Stockholders of record on Tuesday, September 24th will be given a dividend of $1.3687 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 24th. This is an increase from Logitech International’s previous annual dividend of $1.19. Logitech International’s dividend payout ratio 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.