Convergence Investment Partners LLC Has $2.01 Million Position in Garmin Ltd. $GRMN

Posted by Brian Himes on Jul 21st, 2026

Convergence Investment Partners LLC boosted its stake in shares of Garmin Ltd. (NYSE:GRMN – Free Report) by 92.0% in the first quarter, Holdings Channel reports. The firm owned 8,677 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,158 shares during the period. Convergence Investment Partners LLC’s holdings in Garmin were worth $2,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GRMN. Brighton Jones LLC lifted its stake in shares of Garmin by 31.3% in the fourth quarter. Brighton Jones LLC now owns 1,943 shares of the scientific and technical instruments company’s stock worth $401,000 after buying an additional 463 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Garmin by 6.2% during 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 buying an additional 345 shares during the period. Woodline Partners LP grew its stake in Garmin by 40.6% in the 1st quarter. Woodline Partners LP now owns 13,017 shares of the scientific and technical instruments company’s stock valued at $2,826,000 after buying an additional 3,757 shares during the last quarter. Focus Partners Wealth raised its holdings in Garmin by 51.1% in the 1st quarter. Focus Partners Wealth now owns 6,811 shares of the scientific and technical instruments company’s stock worth $1,479,000 after acquiring an additional 2,304 shares during the period. Finally, Sivia Capital Partners LLC raised its holdings in Garmin by 17.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,662 shares of the scientific and technical instruments company’s stock worth $347,000 after acquiring an additional 242 shares during the period. Institutional investors and hedge funds own 81.60% of the company’s stock.

Insider Transactions at Garmin

In other news, CFO Douglas G. Boessen sold 2,000 shares of Garmin stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $237.91, for a total transaction of $475,820.00. Following the sale, the chief financial officer directly owned 26,049 shares in the company, valued at approximately $6,197,317.59. The trade was a 7.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph J. Hartnett sold 643 shares of Garmin stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $263.57, for a total transaction of $169,475.51. Following the sale, the director owned 21,277 shares in the company, valued at approximately $5,607,978.89. This trade represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 14.80% of the stock is currently owned by company insiders.

Garmin Price Performance

Shares of GRMN stock opened at $245.23 on Tuesday. The stock has a market cap of $47.29 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 2.95 and a beta of 0.90. Garmin Ltd. has a one year low of $186.67 and a one year high of $273.32. The stock has a fifty day moving average price of $238.23 and a 200 day moving average price of $233.94.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GRMN. Morgan Stanley set a $249.00 target price on shares of Garmin in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research report on Monday, June 8th. JPMorgan Chase & Co. lifted their price objective on Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Tigress Financial boosted their price objective on Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, Zacks Research downgraded Garmin from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. One 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 stock. According to MarketBeat, Garmin has an average rating of “Moderate Buy” and an average target price of $269.40.

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Garmin Profile

(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.