Garmin Ltd. (NASDAQ:GRMN) insider Sean Biddlecombe sold 755 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $60.80, for a total value of $45,904.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Garmin Ltd. (NASDAQ:GRMN) traded down $0.85 on Thursday, hitting $59.46. The company’s stock had a trading volume of 1,254,341 shares, compared to its average volume of 1,110,418. Garmin Ltd. has a twelve month low of $47.03 and a twelve month high of $63.15. The firm has a market cap of $11,410.00, a P/E ratio of 21.23, a PEG ratio of 2.52 and a beta of 0.83.

Garmin (NASDAQ:GRMN) last issued its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.75 earnings per share (EPS) for the quarter, topping 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 business had revenue of $743.00 million during the quarter, compared to the consensus estimate of $722.00 million. During the same period last year, the company earned $0.75 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. equities analysts predict that Garmin Ltd. will post 2.9 earnings per share for the current fiscal year.

Several research analysts recently commented on GRMN shares. 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 research note on Thursday, November 2nd. BidaskClub downgraded Garmin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. ValuEngine raised Garmin from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Morgan Stanley raised their target price on Garmin from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Garmin in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $56.57.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRMN. WFG Advisors LP grew its holdings in shares of Garmin by 11.5% during the 2nd quarter. WFG Advisors LP now owns 2,175 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 225 shares during the period. US Bancorp DE grew its holdings in shares of Garmin by 8.8% during the 2nd quarter. US Bancorp DE now owns 2,215 shares of the scientific and technical instruments company’s stock worth $113,000 after purchasing an additional 180 shares during the period. Profund Advisors LLC purchased a new position in shares of Garmin during the 2nd quarter worth $202,000. Bank of Hawaii purchased a new position in shares of Garmin during the 3rd quarter worth $206,000. Finally, Cambridge Advisors Inc. purchased a new position in shares of Garmin during the 3rd quarter worth $208,000. Institutional investors and hedge funds own 39.37% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/14/sean-biddlecombe-sells-755-shares-of-garmin-ltd-grmn-stock.html.

Garmin Company Profile

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)

Receive News & Ratings for Garmin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Garmin and related companies with MarketBeat.com's FREE daily email newsletter.