Logitech International SA (LOGI) to Issue Dividend of $0.58 on September 27th
Logitech International SA (NASDAQ:LOGI) announced a dividend on Wednesday, September 7th. Stockholders of record on Monday, September 26th will be paid a dividend of 0.5774 per share on Tuesday, September 27th. The ex-dividend date is Thursday, September 22nd. This is a boost from Logitech International SA’s previous dividend of $0.52.
A number of equities research analysts have recently issued reports on LOGI shares. JPMorgan Chase & Co. reissued a “sell” rating and issued a $13.50 price target on shares of Logitech International SA in a report on Wednesday, July 20th. Morgan Stanley raised shares of Logitech International SA from an “underweight” rating to an “equal weight” rating in a report on Wednesday, August 10th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $18.00 price target on shares of Logitech International SA in a report on Friday, July 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.44.
Shares of Logitech International SA (NASDAQ:LOGI) opened at 21.73 on Wednesday. The stock has a market capitalization of $3.51 billion, a P/E ratio of 27.16 and a beta of 1.19. Logitech International SA has a one year low of $12.52 and a one year high of $22.42. The stock has a 50 day moving average of $21.49 and a 200-day moving average of $17.34.
Logitech International SA (NASDAQ:LOGI) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.13 by $0.07. Logitech International SA had a return on equity of 18.58% and a net margin of 6.46%. Equities analysts forecast that Logitech International SA will post $1.08 earnings per share for the current year.
In other Logitech International SA news, SVP Marcel Stolk sold 225,000 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $20.36, for a total transaction of $4,581,000.00. Following the completion of the sale, the senior vice president now directly owns 478,002 shares in the company, valued at approximately $9,732,120.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vincent Pilette sold 100,000 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $19.93, for a total value of $1,993,000.00. Following the sale, the chief financial officer now owns 518,492 shares of the company’s stock, valued at $10,333,545.56. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in LOGI. AHL Partners LLP purchased a new stake in Logitech International SA during the second quarter worth about $1,623,000. AQR Capital Management LLC increased its stake in Logitech International SA by 461.8% in the second quarter. AQR Capital Management LLC now owns 89,612 shares of the company’s stock worth $1,453,000 after buying an additional 73,660 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in Logitech International SA during the second quarter worth about $237,000. Allianz Asset Management AG purchased a new stake in Logitech International SA during the second quarter worth about $2,239,000. Finally, Raymond James & Associates increased its stake in Logitech International SA by 132.6% in the second quarter. Raymond James & Associates now owns 47,135 shares of the company’s stock worth $763,000 after buying an additional 26,869 shares in the last quarter. Institutional investors and hedge funds own 33.78% of the company’s stock.
About Logitech International SA
Logitech International SA (Logitech) is a Switzerland-based company that, together with its subsidiaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.
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