Logitech International S.A. (NASDAQ:LOGI - Get Free Report) saw unusually large options trading on Tuesday. Stock investors bought 2,909 call options on the stock. This is an increase of approximately 288% compared to the typical volume of 750 call options.
Institutional Investors Weigh In On Logitech International
A number of hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in Logitech International during the second quarter valued at approximately $35,000. Mather Group LLC. bought a new position in shares of Logitech International during the first quarter valued at approximately $42,000. Employees Retirement System of Texas bought a new position in shares of Logitech International during the second quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Logitech International by 139.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company's stock valued at $82,000 after buying an additional 495 shares during the last quarter. Finally, Blue Trust Inc. grew its stake 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 valued at $130,000 after buying an additional 1,385 shares during the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have issued reports on LOGI shares. Wedbush reissued a "neutral" rating and set a $88.00 price target on shares of Logitech International in a report on Tuesday, July 16th. Barclays boosted 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. StockNews.com lowered Logitech International from a "strong-buy" rating to a "buy" rating in a report on Monday, July 22nd. Finally, Loop Capital boosted their price target on Logitech International from $87.00 to $88.00 and gave the company a "hold" rating in a report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $93.14.
Check Out Our Latest Analysis on LOGI
Logitech International Stock Performance
Shares of Logitech International stock traded down $7.82 during trading hours on Tuesday, hitting $83.99. The company's stock had a trading volume of 4,113,449 shares, compared to its average volume of 486,300. The business has a 50 day moving average price of $87.78 and a two-hundred day moving average price of $89.40. Logitech International has a 12-month low of $67.82 and a 12-month high of $102.59. The company has a market cap of $13.28 billion, a PE ratio of 21.70, a PEG ratio of 2.47 and a beta of 0.79.
Logitech International (NASDAQ:LOGI - Get Free Report) last posted its earnings results on Monday, July 22nd. The technology company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.20. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.03 billion. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. As a group, research analysts anticipate that Logitech International will post 3.96 earnings per share for the current year.
Logitech International Increases Dividend
The company also recently announced an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were given a $1.3687 dividend. This is an increase from Logitech International's previous annual dividend of $1.19. This represents a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 24th. Logitech International's payout ratio is currently 13.49%.
About Logitech International
(
Get Free Report)
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.
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