Garmin Ltd. $GRMN Position Increased by Cwm LLC

Cwm LLC boosted its holdings in Garmin Ltd. (NYSE:GRMN) by 111.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 37,418 shares of the scientific and technical instruments company’s stock after buying an additional 19,693 shares during the quarter. Cwm LLC’s holdings in Garmin were worth $9,213,000 at the end of the most recent reporting period.

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

Garmin Stock Up 0.0%

Garmin stock opened at $205.55 on Tuesday. Garmin Ltd. has a 12 month low of $169.26 and a 12 month high of $261.69. The stock has a market cap of $39.54 billion, a P/E ratio of 25.31, a P/E/G ratio of 2.32 and a beta of 1.01. The company’s fifty day simple moving average is $207.34 and its 200-day simple moving average is $222.29.

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

Insider Activity

In other news, CEO Clifton A. Pemble sold 10,431 shares of Garmin stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $206.23, for a total transaction 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. The trade was a 7.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas G. Boessen sold 2,485 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $206.26, for a total value of $512,556.10. Following the completion of the transaction, the chief financial officer owned 28,916 shares in the company, valued at $5,964,214.16. This represents a 7.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 19.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GRMN has been the topic of several analyst reports. Weiss Ratings reissued 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. Morgan Stanley boosted their target price 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. Barclays raised their target price on Garmin from $167.00 to $208.00 and gave the stock an “underweight” rating in a research report on Thursday, October 30th. Finally, Tigress Financial reissued a “strong-buy” rating on shares of Garmin in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Garmin has an average rating of “Hold” and a consensus price target of $242.60.

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.