Garmin Ltd. (NASDAQ:GRMN) insider Clifton A. Pemble sold 38,302 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $60.00, for a total value of $2,298,120.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Garmin (NASDAQ:GRMN) last issued its quarterly earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Garmin had a return on equity of 15.23% and a net margin of 22.65%. The firm had revenue of $743.00 million for the quarter, compared to analysts’ expectations of $722.00 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year.

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Several equities analysts have recently weighed in on GRMN shares. Morgan Stanley set a $50.00 price target on shares of Garmin and gave the stock a “hold” rating in a research note on Monday, July 31st. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Garmin in a report on Tuesday, August 8th. Tigress Financial reissued a “buy” rating on shares of Garmin in a report on Monday, July 10th. KeyCorp reissued a “hold” rating on shares of Garmin in a report on Wednesday. Finally, Zacks Investment Research raised Garmin from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Thursday. Three investment 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. The company currently has a consensus rating of “Hold” and a consensus target price of $56.33.

Several hedge funds and other institutional investors have recently modified their holdings of GRMN. Janus Henderson Group PLC lifted its position in shares of Garmin by 8,318.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,257,516 shares of the scientific and technical instruments company’s stock valued at $64,171,000 after buying an additional 1,242,578 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Garmin by 117.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,228,687 shares of the scientific and technical instruments company’s stock valued at $113,730,000 after buying an additional 1,205,778 shares during the last quarter. Marshall Wace North America L.P. lifted its position in shares of Garmin by 3,623.9% during the 2nd quarter. Marshall Wace North America L.P. now owns 732,199 shares of the scientific and technical instruments company’s stock valued at $37,343,000 after buying an additional 712,537 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Garmin by 123.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,158,613 shares of the scientific and technical instruments company’s stock worth $59,123,000 after purchasing an additional 640,133 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Garmin by 153.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,042,380 shares of the scientific and technical instruments company’s stock worth $53,193,000 after purchasing an additional 631,827 shares in the last quarter. 39.86% of the stock is currently owned by hedge funds and other institutional investors.

About Garmin

Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices.

Insider Buying and Selling by Quarter for Garmin (NASDAQ:GRMN)

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