Frank Rimerman Advisors LLC acquired a brand new stake in shares of Logitech Worldwide S.A. (NASDAQ:LOGI – Free Report) throughout the 2nd quarter, based on its most up-to-date disclosure with the Securities and Trade Fee (SEC). The agency acquired 11,252 shares of the know-how firm’s inventory, valued at roughly $1,090,000.
Different institutional traders additionally just lately modified their holdings of the corporate. Ashton Thomas Non-public Wealth LLC bought a brand new stake in shares of Logitech Worldwide throughout the second quarter valued at $35,000. Mather Group LLC. purchased a brand new place in Logitech Worldwide within the first quarter valued at about $42,000. Benjamin F. Edwards & Firm Inc. lifted its holdings in Logitech Worldwide by 139.4% within the second quarter. Benjamin F. Edwards & Firm Inc. now owns 850 shares of the know-how firm’s inventory valued at $82,000 after buying an extra 495 shares throughout the interval. Blue Belief Inc. lifted its holdings in Logitech Worldwide by 2,036.8% within the second quarter. Blue Belief Inc. now owns 1,453 shares of the know-how firm’s inventory valued at $130,000 after buying an extra 1,385 shares throughout the interval. Lastly, Syquant Capital Sas purchased a brand new place in Logitech Worldwide within the second quarter valued at about $184,000. 45.76% of the inventory is owned by hedge funds and different institutional traders.
Analyst Upgrades and Downgrades
Various analysis analysts have weighed in on LOGI shares. Barclays elevated their goal value on Logitech Worldwide from $98.00 to $105.00 and gave the corporate an “obese” score in a report on Wednesday, July twenty fourth. StockNews.com downgraded Logitech Worldwide from a “strong-buy” score to a “purchase” score in a report on Monday, July twenty second. Wedbush reissued a “impartial” score and issued a $88.00 goal value on shares of Logitech Worldwide in a report on Tuesday, July sixteenth. Lastly, Loop Capital elevated their goal value on Logitech Worldwide from $87.00 to $88.00 and gave the corporate a “maintain” score in a report on Wednesday, August 14th. Two funding analysts have rated the inventory with a promote score, 4 have assigned a maintain score and three have assigned a purchase score to the corporate. In accordance with information from MarketBeat, Logitech Worldwide presently has a consensus score of “Maintain” and a consensus value goal of $93.14.
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Logitech Worldwide Inventory Down 0.2 %
NASDAQ LOGI opened at $86.80 on Monday. The inventory’s 50-day transferring common value is $88.35 and its 200-day transferring common value is $89.91. Logitech Worldwide S.A. has a 52 week low of $65.31 and a 52 week excessive of $102.59. The corporate has a market capitalization of $13.73 billion, a P/E ratio of twenty-two.43, a price-to-earnings-growth ratio of two.45 and a beta of 0.79.
Logitech Worldwide (NASDAQ:LOGI – Get Free Report) final posted its quarterly earnings information on Monday, July twenty second. The know-how firm reported $0.98 EPS for the quarter, topping the consensus estimate of $0.78 by $0.20. The agency had income of $1.09 billion for the quarter, in comparison with the consensus estimate of $1.03 billion. Logitech Worldwide had a return on fairness of 30.51% and a web margin of 15.67%. Analysis analysts anticipate that Logitech Worldwide S.A. will put up 3.96 EPS for the present 12 months.
Logitech Worldwide Will increase Dividend
The agency additionally just lately introduced an annual dividend, which will probably be paid on Wednesday, September twenty fifth. Traders of document on Tuesday, September twenty fourth will probably be paid a dividend of $1.3687 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September twenty fourth. This is a rise from Logitech Worldwide’s earlier annual dividend of $1.19. Logitech Worldwide’s dividend payout ratio (DPR) is 13.49%.
Logitech Worldwide Firm Profile
Logitech Worldwide SA, by its subsidiaries, designs, manufactures, and markets software-enabled {hardware} options that join folks to working, creating, gaming, and streaming worldwide. The corporate gives merchandise for avid gamers and streamers, together with mice, racing wheels, headsets, keyboards, microphones, and streaming providers; corded and cordless keyboards and keyboard-and-mouse mixtures; pointing gadgets, reminiscent of wi-fi mice and wi-fi mouse merchandise; convention room cameras, reminiscent of ConferenceCams; controllers for video conferencing room options; PC-based webcams, together with streaming cameras and VC webcams; pill equipment that features keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wi-fi earbuds; and cell audio system and PC audio system, in addition to moveable wi-fi Bluetooth audio system.
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