Crossmark Global Holdings Inc. Purchases 2,807 Shares of Logitech International S.A. (NASDAQ:LOGI)

Crossmark Global Holdings Inc. increased its stake in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 165,901 shares of the technology company's stock after purchasing an additional 2,807 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.10% of Logitech International worth $14,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in LOGI. Wealth Enhancement Advisory Services LLC lifted its holdings in Logitech International by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,161 shares of the technology company's stock worth $507,000 after purchasing an additional 120 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Logitech International by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company's stock worth $458,000 after buying an additional 127 shares in the last quarter. Freedom Investment Management Inc. boosted its position in shares of Logitech International by 4.1% in the fourth quarter. Freedom Investment Management Inc. now owns 3,444 shares of the technology company's stock valued at $284,000 after acquiring an additional 136 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Logitech International by 16.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the technology company's stock valued at $123,000 after buying an additional 213 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Logitech International by 7.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,243 shares of the technology company's stock valued at $267,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 45.76% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LOGI. Citigroup lowered their target price on Logitech International from $105.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Barclays decreased their target price on Logitech International from $108.00 to $92.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price objective on shares of Logitech International from $96.00 to $80.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Bank of America upgraded shares of Logitech International from an "underperform" rating to a "neutral" rating and reduced their price target for the stock from $90.00 to $73.00 in a report on Friday, April 4th. Finally, UBS Group raised shares of Logitech International from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $84.29.

Logitech International Price Performance

Logitech International stock traded up $0.49 during mid-day trading on Thursday, hitting $94.95. The company's stock had a trading volume of 401,340 shares, compared to its average volume of 641,262. Logitech International S.A. has a 12 month low of $64.73 and a 12 month high of $105.65. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 19.20 and a beta of 0.96. The business has a 50 day moving average price of $85.84 and a 200-day moving average price of $87.22.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. Logitech International had a net margin of 13.86% and a return on equity of 30.40%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business earned $0.99 earnings per share. The business's revenue was down .1% on a year-over-year basis. On average, equities research analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Logitech International Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, September 24th. Investors of record on Tuesday, September 23rd will be given a dividend of $1.543 per share. This is a positive change from Logitech International's previous annual dividend of $1.37. The ex-dividend date is Tuesday, September 23rd. This represents a dividend yield of 1.4%. Logitech International's dividend payout ratio is currently 12.58%.

Logitech International Company Profile

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.