Aristides Capital LLC Takes $287,000 Position in Logitech International S.A. (NASDAQ:LOGI)

Aristides Capital LLC bought a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,959 shares of the technology company’s stock, valued at approximately $287,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new stake in Logitech International during the 2nd quarter worth $35,000. Mather Group LLC. purchased a new stake in Logitech International during the first quarter worth about $42,000. Employees Retirement System of Texas acquired a new position in Logitech International during the 2nd quarter worth $63,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Logitech International by 139.4% in the 2nd 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 last quarter. Finally, 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. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Trading Up 0.7 %

LOGI stock opened at $89.73 on Tuesday. Logitech International S.A. has a 1-year low of $67.82 and a 1-year high of $102.59. The firm has a market cap of $14.19 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 2.52 and a beta of 0.79. The stock has a 50-day moving average price of $87.93 and a 200-day moving average price of $89.73.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.03 billion. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. On average, analysts forecast that Logitech International S.A. will post 3.96 earnings per share for the current year.

Logitech International Increases Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on LOGI shares. Wedbush reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a report on Tuesday, July 16th. StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Barclays increased their price target on Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Loop Capital boosted their price target 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. Two investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.