New Age Alpha Advisors LLC cut its stake in Garmin Ltd. (NYSE:GRMN – Free Report) by 71.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,248 shares of the scientific and technical instruments company’s stock after selling 3,191 shares during the period. New Age Alpha Advisors LLC’s holdings in Garmin were worth $253,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of GRMN. Brighton Jones LLC raised its holdings in shares of Garmin by 31.3% during the 4th 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 in the last quarter. NewEdge Advisors LLC raised 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 in the last quarter. Woodline Partners LP raised its holdings in shares of Garmin by 40.6% during the 1st quarter. Woodline Partners LP now owns 13,017 shares of the scientific and technical instruments company’s stock worth $2,826,000 after buying an additional 3,757 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Garmin by 51.1% during 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 buying an additional 2,304 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its holdings in shares of Garmin by 17.0% during 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 buying an additional 242 shares in the last quarter. Institutional investors and hedge funds own 81.60% of the company’s stock.
Analyst Ratings Changes
GRMN has been the subject of a number of research analyst reports. Morgan Stanley set a $249.00 price target on Garmin in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price target on Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Zacks Research cut Garmin from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Tigress Financial boosted their price target on Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 20th. Finally, Barclays reduced their price objective 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. One research 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $269.40.
Garmin Stock Down 1.0%
Shares of GRMN stock opened at $234.00 on Friday. The firm has a market capitalization of $45.13 billion, a P/E ratio of 26.09, a P/E/G ratio of 2.79 and a beta of 0.94. Garmin Ltd. has a twelve month low of $186.67 and a twelve month high of $273.32. The stock’s fifty day simple moving average is $244.55 and its 200 day simple moving average is $223.74.
Garmin (NYSE:GRMN – Get Free Report) last issued its quarterly earnings data 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. Garmin had a return on equity of 20.07% and a net margin of 23.26%.The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the company posted $1.61 EPS. Garmin’s quarterly 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, equities research analysts expect that Garmin Ltd. will post 9.53 EPS for the current fiscal year.
Garmin Company 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.
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