Frank Rimerman Advisors LLC Buys Shares of 11,252 Logitech International S.A. (NASDAQ:LOGI)

Frank Rimerman Advisors LLC purchased a new position in Logitech International S.A. (NASDAQ:LOGI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,252 shares of the technology company's stock, valued at approximately $1,090,000.

Other hedge funds have also modified their holdings of the company. Strategic Global Advisors LLC bought a new position in shares of Logitech International in the fourth quarter worth approximately $238,000. BNP Paribas Financial Markets boosted its position in shares of Logitech International by 275.9% during the fourth quarter. BNP Paribas Financial Markets now owns 15,598 shares of the technology company's stock worth $1,483,000 after acquiring an additional 11,449 shares during the last quarter. Dorsey Wright & Associates bought a new position in shares of Logitech International during the fourth quarter worth $2,791,000. Russell Investments Group Ltd. boosted its position in shares of Logitech International by 86.4% during the first quarter. Russell Investments Group Ltd. now owns 552,038 shares of the technology company's stock worth $49,349,000 after acquiring an additional 255,828 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Logitech International by 20.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,837,505 shares of the technology company's stock worth $174,162,000 after acquiring an additional 306,948 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors.

Logitech International Stock Up 0.3 %

Logitech International stock traded up $0.28 during midday trading on Monday, reaching $87.08. The stock had a trading volume of 209,503 shares, compared to its average volume of 454,731. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.45 and a beta of 0.79. Logitech International S.A. has a 52-week low of $65.31 and a 52-week high of $102.59. The company has a fifty day moving average of $88.35 and a 200 day moving average of $89.91.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its earnings results on Monday, July 22nd. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.20. The business had revenue of $1.09 billion during 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%. Equities research analysts predict that Logitech International S.A. will post 3.96 EPS for the current year.

Logitech International Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th will be paid a $1.3687 dividend. This is an increase from Logitech International's previous annual dividend of $1.19. This represents a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 24th. Logitech International's dividend payout ratio is currently 13.49%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays upped their target price 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. Wedbush reaffirmed a "neutral" rating and set a $88.00 price target on shares of Logitech International in a research note on Tuesday, July 16th. 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 note on Wednesday, August 14th. Finally, StockNews.com downgraded shares of Logitech International from a "strong-buy" rating to a "buy" rating in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.