Logitech International Target of Unusually High Options Trading (NASDAQ:LOGI) - MarketBeat

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Logitech International S.A. (NASDAQ:LOGI - Get Rating) was the target of unusually large options trading on Tuesday. Stock traders bought 3,120 put options on the stock. This represents an increase of approximately 60% compared to the typical daily volume of 1,953 put options.

Hedge Funds Weigh In On Logitech International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parkside Investments LLC bought a new position in Logitech International in the 1st quarter worth approximately $36,000. EverSource Wealth Advisors LLC lifted its position in Logitech International by 530.1% in the first quarter. EverSource Wealth Advisors LLC now owns 523 shares of the technology company's stock worth $39,000 after purchasing an additional 440 shares during the period. CWM LLC lifted its position in Logitech International by 67.5% in the second quarter. CWM LLC now owns 655 shares of the technology company's stock worth $34,000 after purchasing an additional 264 shares during the period. Venture Visionary Partners LLC acquired a new stake in Logitech International in the second quarter worth approximately $42,000. Finally, Quadrant Capital Group LLC lifted its position in Logitech International by 76.1% in the second quarter. Quadrant Capital Group LLC now owns 1,662 shares of the technology company's stock worth $87,000 after purchasing an additional 718 shares during the period.

Logitech International Stock Up 4.4 %

Shares of NASDAQ:LOGI traded up $2.01 during trading on Tuesday, hitting $47.70. 24,785 shares of the company traded hands, compared to its average volume of 617,513. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.48 and a beta of 0.98. The business's fifty day moving average is $52.01 and its 200-day moving average is $58.21. Logitech International has a one year low of $44.51 and a one year high of $91.13.

Logitech International (NASDAQ:LOGI - Get Rating) last posted its earnings results on Monday, July 25th. The technology company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.12). The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. Logitech International had a net margin of 10.48% and a return on equity of 26.06%. On average, analysts forecast that Logitech International will post 3.46 EPS for the current year.

Logitech International Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, September 28th. Investors of record on Tuesday, September 27th were issued a $1.0023 dividend. This represents a yield of 2.07%. This is a positive change from Logitech International's previous dividend of $0.65. The ex-dividend date of this dividend was Monday, September 26th.

Wall Street Analysts Forecast Growth

LOGI has been the topic of several recent analyst reports. Loop Capital cut Logitech International from a "buy" rating to a "hold" rating and cut their price target for the stock from $110.00 to $55.00 in a research note on Wednesday, July 27th. BNP Paribas cut Logitech International to an "underperform" rating in a research note on Monday. DA Davidson lowered their price objective on Logitech International from $110.00 to $85.00 in a report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on Logitech International from CHF 72 to CHF 66 and set a "buy" rating for the company in a report on Wednesday, July 27th. Finally, Exane BNP Paribas lowered Logitech International from a "neutral" rating to an "underperform" rating in a report on Monday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $77.00.

About Logitech International

(Get Rating)

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to digital and cloud experiences worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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