VCI Wealth Management LLC Sells 2,463 Shares of Garmin Ltd. $GRMN

Posted by Brian Himes on Jun 27th, 2026

VCI Wealth Management LLC cut its holdings in Garmin Ltd. (NYSE:GRMN – Free Report) by 24.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 7,650 shares of the scientific and technical instruments company’s stock after selling 2,463 shares during the quarter. VCI Wealth Management LLC’s holdings in Garmin were worth $1,775,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Reflection Asset Management acquired a new stake in Garmin during the 4th quarter worth approximately $32,000. Atlas Capital Advisors Inc. bought a new position in Garmin during the 4th quarter worth about $34,000. GraniteShares Advisors LLC bought a new position in Garmin during the 4th quarter worth about $41,000. Torren Management LLC acquired a new stake in shares of Garmin in the 4th quarter valued at about $41,000. Finally, SHP Wealth Management acquired a new stake in shares of Garmin in the 4th quarter valued at about $44,000. 81.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Garmin news, Director Joseph J. Hartnett sold 643 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $263.57, for a total transaction of $169,475.51. Following the transaction, the director owned 21,277 shares of the company’s stock, valued at $5,607,978.89. The trade was a 2.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Douglas G. Boessen sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $237.91, for a total value of $475,820.00. Following the sale, the chief financial officer owned 26,049 shares in the company, valued at approximately $6,197,317.59. This represents a 7.13% decrease in their position. The disclosure for this sale is available in the SEC filing. 15.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a report on Monday, June 8th. Barclays dropped their target price on Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Zacks Research downgraded Garmin from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Wall Street Zen cut shares of Garmin from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Garmin has an average rating of “Moderate Buy” and an average price target of $269.40.

Check Out Our Latest Analysis on GRMN

Garmin Price Performance

Garmin stock opened at $233.02 on Friday. The firm has a 50-day moving average of $241.80 and a 200-day moving average of $229.52. Garmin Ltd. has a one year low of $186.67 and a one year high of $273.32. The company has a market cap of $44.94 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 2.78 and a beta of 0.91.

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

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.

VCI Wealth Management LLC Sells 2,463 Shares of Garmin Ltd. $GRMN

Insider Buying and Selling

Analysts Set New Price Targets

Garmin Price Performance

About Garmin

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