Logitech International SA (NASDAQ:LOGI) announced a dividend on Wednesday, September 7th. Investors of record on Monday, September 26th will be paid a dividend of 0.5774 per share on Tuesday, September 27th. The ex-dividend date of this dividend is Thursday, September 22nd. This is an increase from Logitech International SA’s previous dividend of $0.52.

Shares of Logitech International SA (NASDAQ:LOGI) opened at 21.73 on Wednesday. Logitech International SA has a 1-year low of $12.52 and a 1-year high of $22.42. The firm has a market capitalization of $3.51 billion, a PE ratio of 27.16 and a beta of 1.19. The firm’s 50 day moving average is $21.49 and its 200 day moving average is $17.34.

Logitech International SA (NASDAQ:LOGI) last posted its earnings results on Wednesday, July 27th. The company reported $0.20 earnings per share (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%. Analysts anticipate that Logitech International SA will post $1.08 EPS for the current fiscal year.

In other Logitech International SA news, SVP Marcel Stolk sold 225,000 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $20.36, for a total value of $4,581,000.00. Following the sale, the senior vice president now directly owns 478,002 shares in the company, valued at $9,732,120.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP L Joseph Sullivan sold 22,500 shares of the firm’s stock in a transaction on 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 in the company, 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.

A number of large investors have recently bought and sold shares of LOGI. Canada Pension Plan Investment Board boosted its stake in Logitech International SA by 1.5% in the second quarter. Canada Pension Plan Investment Board now owns 547,853 shares of the company’s stock worth $8,885,000 after buying an additional 8,012 shares during the last quarter. Cipher Capital LP bought a new stake in shares of Logitech International SA during the second quarter worth $171,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Logitech International SA during the second quarter worth $237,000. Quadrature Capital Ltd bought a new stake in shares of Logitech International SA during the second quarter worth $371,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Logitech International SA by 19.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 139,603 shares of the company’s stock worth $2,273,000 after buying an additional 23,183 shares in the last quarter. Institutional investors own 33.78% of the company’s stock.

A number of equities research analysts recently commented on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $22.75 price objective on shares of Logitech International SA in a research note on Thursday, September 15th. JPMorgan Chase & Co. increased their price objective on shares of Logitech International SA from $13.50 to $18.00 and gave the company an “underweight” rating in a research note on Friday, July 29th. Finally, Morgan Stanley raised shares of Logitech International SA from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, August 10th. Two equities research 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. Logitech International SA presently has a consensus rating of “Hold” and an average target price of $18.44.

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.

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