Logitech International (NASDAQ:LOGI) Given Neutral Rating at Wedbush

Wedbush reissued their neutral rating on shares of Logitech International (NASDAQ:LOGI) in a report issued on Wednesday, Benzinga reports. The brokerage currently has a $88.00 price objective on the technology company’s stock.

A number of other brokerages have also recently issued reports on LOGI. Barclays reduced their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday. StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, Loop Capital upped their price objective on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $94.00.

Logitech International Trading Down 0.3 %

Shares of NASDAQ:LOGI opened at $80.71 on Wednesday. The stock has a market capitalization of $12.76 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.44 and a beta of 0.79. Logitech International has a 1-year low of $74.72 and a 1-year high of $102.59. The business has a 50-day moving average price of $87.19 and a two-hundred day moving average price of $89.21.

Logitech International Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were given a $1.3687 dividend. The ex-dividend date was Tuesday, September 24th. This is a positive change from Logitech International’s previous annual dividend of $1.19. This represents a dividend yield of 1.4%. Logitech International’s payout ratio is currently 13.49%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC bought a new position in Logitech International during the 2nd quarter worth about $35,000. Employees Retirement System of Texas acquired a new position in Logitech International during the 2nd quarter worth approximately $63,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after acquiring an additional 495 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Logitech International by 2,036.8% in the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock valued at $130,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Syquant Capital Sas acquired a new position in Logitech International during the second quarter worth $184,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.