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. Shareholders of record on Monday, September 26th will be given a dividend of 0.5774 per share on Tuesday, September 27th. The ex-dividend date is Thursday, September 22nd. This is an increase from Logitech International SA’s previous dividend of $0.52.
In other Logitech International SA news, CFO Vincent Pilette sold 100,000 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $19.93, for a total value of $1,993,000.00. Following the completion of the sale, the chief financial officer now directly owns 518,492 shares in the company, valued at $10,333,545.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP L Joseph Sullivan sold 22,500 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $21.75, for a total value of $489,375.00. Following the completion of the sale, the vice president now owns 213,161 shares of the company’s stock, valued at $4,636,251.75. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Cipher Capital LP acquired a new stake in Logitech International SA during the second quarter worth approximately $171,000. Ontario Teachers Pension Plan Board purchased a new position in shares of Logitech International SA during the second quarter worth $237,000. Quadrature Capital Ltd purchased a new position in shares of Logitech International SA during the second quarter worth $371,000. Raymond James & Associates raised its position in shares of 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. Finally, Alliancebernstein L.P. purchased a new position in shares of Logitech International SA during the second quarter worth $767,000. Institutional investors own 33.78% of the company’s stock.
A number of equities research analysts have issued reports on LOGI shares. Morgan Stanley upgraded Logitech International SA from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. reaffirmed a “sell” rating and set a $13.50 price objective on shares of Logitech International SA in a research report on Wednesday, July 20th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $22.75 price objective on shares of Logitech International SA in a research report on Thursday, September 15th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $18.44.
Logitech International SA (NASDAQ:LOGI) opened at 21.73 on Wednesday. Logitech International SA has a 52-week low of $12.52 and a 52-week high of $22.42. The stock’s 50 day moving average price is $21.49 and its 200-day moving average price is $17.34. The stock has a market capitalization of $3.51 billion, a PE ratio of 27.16 and a beta of 1.19.
Logitech International SA (NASDAQ:LOGI) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. Logitech International SA had a return on equity of 18.58% and a net margin of 6.46%. On average, equities analysts expect that Logitech International SA will post $1.08 EPS for the current fiscal year.
Logitech International SA Company Profile
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.
Receive News & Ratings for Logitech International SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logitech International SA and related companies with MarketBeat.com's FREE daily email newsletter.