Logitech International SA (LOGI) Plans Dividend of $0.58
Logitech International SA (NASDAQ:LOGI) announced a dividend on Wednesday, September 7th. Investors of record on Monday, September 26th will be given 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 52 week low of $12.52 and a 52 week high of $22.42. The firm has a market cap of $3.51 billion, a PE ratio of 27.16 and a beta of 1.19. The firm has a 50-day moving average price of $21.49 and a 200-day moving average price of $17.34.
Logitech International SA (NASDAQ:LOGI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping 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 research analysts predict that Logitech International SA will post $1.08 earnings per share for the current year.
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In other news, VP L Joseph Sullivan sold 22,500 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $21.75, for a total value of $489,375.00. Following the completion of the transaction, the vice president now directly owns 213,161 shares in the company, valued at approximately $4,636,251.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vincent Pilette sold 100,000 shares of the company’s 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 transaction, 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 insiders.
Several large investors have recently added to or reduced their stakes in the stock. Cipher Capital LP bought a new stake in Logitech International SA during the second quarter worth $171,000. Ontario Teachers Pension Plan Board bought a new stake in Logitech International SA during the second quarter worth $237,000. Quadrature Capital Ltd bought a new stake in Logitech International SA during the second quarter worth $371,000. Raymond James & Associates raised 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 during the period. Finally, Alliancebernstein L.P. bought a new stake in Logitech International SA during the second quarter worth $767,000. 33.78% of the stock is owned by institutional investors.
Several equities research analysts recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.75 target price on shares of Logitech International SA in a research note on Thursday, September 15th. Morgan Stanley raised Logitech International SA from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, August 10th. Finally, JPMorgan Chase & Co. raised their target price on Logitech International SA from $13.50 to $18.00 and gave the stock an “underweight” rating in a research note on Friday, July 29th. Two 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 stock has a consensus rating of “Hold” and a consensus target price of $18.44.
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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