Nomura Asset Management Co. Ltd. Has $11.38 Million Stock Holdings in Garmin Ltd. $GRMN

Posted by on Jun 3rd, 2026

Nomura Asset Management Co. Ltd. increased its holdings in Garmin Ltd. (NYSE:GRMN – Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,102 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,261 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Garmin were worth $11,380,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC grew its stake in Garmin by 43.4% during the third quarter. Penserra Capital Management LLC now owns 22,496 shares of the scientific and technical instruments company’s stock worth $5,538,000 after buying an additional 6,806 shares during the last quarter. Krilogy Financial LLC bought a new stake in Garmin during the third quarter worth about $1,519,000. ARK Investment Management LLC grew its stake in Garmin by 10.9% during the third quarter. ARK Investment Management LLC now owns 28,925 shares of the scientific and technical instruments company’s stock worth $7,122,000 after buying an additional 2,852 shares during the last quarter. Diversified Trust Co. grew its stake in Garmin by 123.1% during the fourth quarter. Diversified Trust Co. now owns 8,248 shares of the scientific and technical instruments company’s stock worth $1,673,000 after buying an additional 4,551 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Garmin during the fourth quarter worth about $979,000. Institutional investors and hedge funds own 81.60% of the company’s stock.

Garmin Price Performance

GRMN opened at $240.84 on Wednesday. Garmin Ltd. has a one year low of $186.67 and a one year high of $273.32. The company’s 50 day simple moving average is $244.60 and its 200-day simple moving average is $224.15. The stock has a market capitalization of $46.45 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 2.80 and a beta of 0.91.

Garmin (NYSE:GRMN – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 EPS for the quarter, beating the consensus estimate of $1.84 by $0.24. Garmin had a net margin of 23.26% and a return on equity of 20.07%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the firm earned $1.61 earnings per share. Garmin’s revenue was up 14.0% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, analysts anticipate that Garmin Ltd. will post 9.53 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Tigress Financial upped their price objective on shares of Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 20th. Morgan Stanley set a $249.00 price objective on shares of Garmin in a research note on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Zacks Research cut shares of Garmin from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Barclays decreased their price objective on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Garmin presently has an average rating of “Moderate Buy” and a consensus target price of $269.40.

Read Our Latest Stock Analysis on GRMN

About Garmin

(Free Report)

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.

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Institutional Ownership by Quarter for Garmin (NYSE:GRMN)

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