Logitech International S.A. (NASDAQ:LOGI) Stock Holdings Lifted by Fulton Bank N.A.

Fulton Bank N.A. lifted its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,109 shares of the technology company’s stock after acquiring an additional 196 shares during the quarter. Fulton Bank N.A.’s holdings in Logitech International were worth $638,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Logitech International by 6.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock valued at $200,000 after purchasing an additional 128 shares during the last quarter. Claro Advisors LLC lifted its stake in Logitech International by 6.2% during the first quarter. Claro Advisors LLC now owns 2,241 shares of the technology company’s stock valued at $200,000 after buying an additional 131 shares in the last quarter. First Citizens Bank & Trust Co. lifted its stake in Logitech International by 2.4% during the second quarter. First Citizens Bank & Trust Co. now owns 6,468 shares of the technology company’s stock valued at $627,000 after buying an additional 153 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Logitech International by 0.3% in the second quarter. Public Sector Pension Investment Board now owns 65,450 shares of the technology company’s stock worth $6,331,000 after buying an additional 168 shares during the period. Finally, Evergreen Capital Management LLC increased its position in shares of Logitech International by 5.9% in the second quarter. Evergreen Capital Management LLC now owns 3,510 shares of the technology company’s stock worth $340,000 after acquiring an additional 194 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Trading Up 0.1 %

LOGI opened at $85.72 on Wednesday. The stock has a fifty day moving average price of $87.59 and a 200 day moving average price of $89.53. Logitech International S.A. has a 1 year low of $67.82 and a 1 year high of $102.59. The stock has a market cap of $13.56 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.52 and a beta of 0.79.

Logitech International (NASDAQ:LOGI) last announced its quarterly 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. 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 during the quarter, compared to analysts’ expectations 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 declared an annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were paid a dividend of $1.3687 per share. This is a positive change from Logitech International’s previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th. This represents a dividend yield of 1.4%. Logitech International’s dividend payout ratio is 13.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LOGI shares. Loop Capital upped their price target on shares of Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Wedbush restated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a report on Tuesday, July 16th. Barclays lifted their price target on Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Two equities 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $93.14.

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.