Advyzon Investment Management LLC Acquires 440 Shares of Garmin Ltd. $GRMN

Advyzon Investment Management LLC increased its holdings in Garmin Ltd. (NYSE:GRMN) by 21.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,506 shares of the scientific and technical instruments company’s stock after purchasing an additional 440 shares during the period. Advyzon Investment Management LLC’s holdings in Garmin were worth $523,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GRMN. Quaker Wealth Management LLC increased its stake in Garmin by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company’s stock valued at $28,000 after acquiring an additional 264 shares during the period. Groupe la Francaise acquired a new position in shares of Garmin in the 1st quarter valued at $33,000. Zions Bancorporation National Association UT bought a new position in shares of Garmin during the 1st quarter worth about $38,000. SOA Wealth Advisors LLC. boosted its position in shares of Garmin by 27.5% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 269 shares of the scientific and technical instruments company’s stock valued at $56,000 after acquiring an additional 58 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Garmin by 31.8% during the 1st quarter. Harbour Investments Inc. now owns 265 shares of the scientific and technical instruments company’s stock worth $58,000 after buying an additional 64 shares during the period. Institutional investors own 81.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on GRMN. Morgan Stanley raised their price target on Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Garmin from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Tigress Financial increased their target price on Garmin from $285.00 to $305.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 30th. Barclays boosted their price target on shares of Garmin from $167.00 to $208.00 and gave the company an “underweight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Garmin presently has an average rating of “Hold” and an average price target of $239.50.

Garmin Stock Down 1.4%

NYSE GRMN opened at $199.85 on Wednesday. The stock has a fifty day simple moving average of $237.69 and a 200 day simple moving average of $222.44. Garmin Ltd. has a twelve month low of $169.26 and a twelve month high of $261.69. The company has a market capitalization of $38.44 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 2.41 and a beta of 1.01.

Garmin (NYSE:GRMN) last announced its earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 EPS for the quarter, meeting the consensus estimate of $1.99. Garmin had a return on equity of 19.42% and a net margin of 22.63%.The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the company earned $1.99 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Garmin has set its FY 2025 guidance at 8.150-8.150 EPS. Research analysts expect that Garmin Ltd. will post 7.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Garmin news, insider Cheng-Wei Wang sold 10,202 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $232.48, for a total value of $2,371,760.96. Following the transaction, the insider directly owned 36,092 shares in the company, valued at $8,390,668.16. The trade was a 22.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 15.38% of the company’s stock.

About Garmin

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.