3,716 Shares in Garmin Ltd. $GRMN Acquired by Avanza Fonder AB

Avanza Fonder AB bought a new stake in shares of Garmin Ltd. (NYSE:GRMN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,716 shares of the scientific and technical instruments company’s stock, valued at approximately $754,000.

Several other hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Garmin by 31.3% in the 4th quarter. Brighton Jones LLC now owns 1,943 shares of the scientific and technical instruments company’s stock valued at $401,000 after purchasing an additional 463 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Garmin by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 5,885 shares of the scientific and technical instruments company’s stock worth $1,278,000 after purchasing an additional 345 shares during the period. Woodline Partners LP boosted its stake in shares of Garmin by 40.6% during the first quarter. Woodline Partners LP now owns 13,017 shares of the scientific and technical instruments company’s stock valued at $2,826,000 after purchasing an additional 3,757 shares in the last quarter. Focus Partners Wealth increased its holdings in Garmin by 51.1% during the first quarter. Focus Partners Wealth now owns 6,811 shares of the scientific and technical instruments company’s stock valued at $1,479,000 after buying an additional 2,304 shares during the period. Finally, Sivia Capital Partners LLC increased its holdings in Garmin by 17.0% during the second quarter. Sivia Capital Partners LLC now owns 1,662 shares of the scientific and technical instruments company’s stock valued at $347,000 after buying an additional 242 shares during the period. 81.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Garmin

In other Garmin news, COO Patrick Desbois sold 6,694 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.65, for a total transaction of $1,684,545.10. Following the sale, the chief operating officer owned 58,540 shares in the company, valued at approximately $14,731,591. The trade was a 10.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas G. Boessen sold 3,487 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $251.66, for a total value of $877,538.42. Following the completion of the transaction, the chief financial officer directly owned 28,049 shares in the company, valued at $7,058,811.34. This represents a 11.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 44,403 shares of company stock worth $10,987,074. 15.38% of the stock is owned by corporate insiders.

Garmin Trading Up 1.5%

Shares of Garmin stock opened at $244.76 on Thursday. The firm’s 50 day simple moving average is $225.37 and its two-hundred day simple moving average is $221.88. The firm has a market capitalization of $47.11 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 2.89 and a beta of 0.94. Garmin Ltd. has a 12-month low of $169.26 and a 12-month high of $261.69.

Garmin (NYSE:GRMN) last posted its quarterly earnings data on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 EPS for the quarter, topping the consensus estimate of $2.39 by $0.40. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.01 billion. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.41 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, sell-side analysts predict that Garmin Ltd. will post 7.8 EPS for the current fiscal year.

Garmin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a yield of 1.7%. Garmin’s payout ratio is currently 41.86%.

Wall Street Analyst Weigh In

GRMN has been the subject of a number of analyst reports. Tigress Financial upped their target price on Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, February 20th. JPMorgan Chase & Co. lifted their price target on Garmin from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Zacks Research raised Garmin from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a research note on Thursday, January 22nd. Finally, Longbow Research raised 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. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $254.00.

About Garmin

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.