Cwm LLC Acquires 362 Shares of Logitech International S.A. (NASDAQ:LOGI)

Cwm LLC boosted its holdings in Logitech International S.A. (NASDAQ:LOGI) by 21.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,062 shares of the technology company’s stock after purchasing an additional 362 shares during the period. Cwm LLC’s holdings in Logitech International were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Logitech International in the second quarter worth $35,000. Employees Retirement System of Texas acquired a new stake in Logitech International in the 2nd quarter worth $63,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after purchasing an additional 495 shares during the period. Blue Trust Inc. increased its holdings in shares of Logitech International by 2,036.8% during the 2nd quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock worth $130,000 after purchasing an additional 1,385 shares during the period. Finally, Syquant Capital Sas acquired a new position in shares of Logitech International during the second quarter valued at about $184,000. 45.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LOGI. Wedbush reissued a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research report on Wednesday. Barclays decreased their price objective on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday. StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Loop Capital lifted their price target on shares of Logitech International from $87.00 to $88.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $94.00.

Logitech International Price Performance

Logitech International stock opened at $80.44 on Thursday. The business has a 50 day simple moving average of $87.55 and a 200 day simple moving average of $89.31. Logitech International S.A. has a one year low of $74.00 and a one year high of $102.59. The company has a market capitalization of $12.72 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 2.47 and a beta of 0.79.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Monday, July 22nd. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. Equities analysts anticipate that Logitech International S.A. will post 3.96 earnings per share for the current fiscal year.

Logitech International Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were issued a dividend of $1.3687 per share. 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 was Tuesday, September 24th. Logitech International’s dividend payout ratio (DPR) is currently 13.49%.

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.