Garmin Ltd. $GRMN Stake Boosted by Cwm LLC

Cwm LLC raised its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 111.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,418 shares of the scientific and technical instruments company’s stock after purchasing an additional 19,693 shares during the period. Cwm LLC’s holdings in Garmin were worth $9,213,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GRMN. Quaker Wealth Management LLC boosted its holdings in shares of Garmin by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company’s stock valued at $28,000 after buying an additional 264 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in Garmin by 96.9% in the second quarter. Newbridge Financial Services Group Inc. now owns 250 shares of the scientific and technical instruments company’s stock valued at $52,000 after acquiring an additional 123 shares during the period. SOA Wealth Advisors LLC. grew its holdings in shares of Garmin by 27.5% during the second quarter. SOA Wealth Advisors LLC. now owns 269 shares of the scientific and technical instruments company’s stock valued at $56,000 after purchasing an additional 58 shares during the last quarter. GFG Capital LLC acquired a new stake in shares of Garmin during the 2nd quarter worth approximately $67,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Garmin in the 2nd quarter worth approximately $73,000. 81.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Tigress Financial restated a “strong-buy” rating on shares of Garmin in a research note on Friday, December 19th. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a research report on Wednesday, October 8th. Longbow Research upgraded shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Wednesday, December 3rd. Barclays boosted their target price on shares of Garmin from $167.00 to $208.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. Finally, Morgan Stanley raised their price target on shares of Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Garmin presently has a consensus rating of “Hold” and a consensus target price of $242.60.

Garmin Stock Up 0.0%

Shares of GRMN opened at $205.55 on Tuesday. The firm has a market capitalization of $39.54 billion, a PE ratio of 25.31, a P/E/G ratio of 2.32 and a beta of 1.01. The firm has a 50-day moving average price of $207.34 and a 200 day moving average price of $222.29. Garmin Ltd. has a 52-week low of $169.26 and a 52-week high of $261.69.

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

Insiders Place Their Bets

In other news, CFO Douglas G. Boessen sold 2,485 shares of Garmin stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $206.26, for a total transaction of $512,556.10. Following the transaction, the chief financial officer directly owned 28,916 shares in the company, valued at approximately $5,964,214.16. This trade represents a 7.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Clifton A. Pemble sold 10,431 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $206.23, for a total value of $2,151,185.13. Following the completion of the sale, the chief executive officer directly owned 135,180 shares in the company, valued at $27,878,171.40. This represents a 7.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 19.54% of the company’s stock.

Garmin Profile

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.