Howard Capital Management Inc. Has $236,000 Stock Holdings in Garmin Ltd. $GRMN

Howard Capital Management Inc. lifted its stake in shares of Garmin Ltd. (NYSE:GRMN) by 19.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,130 shares of the scientific and technical instruments company’s stock after purchasing an additional 182 shares during the quarter. Howard Capital Management Inc.’s holdings in Garmin were worth $236,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Groupe la Francaise acquired a new stake in shares of Garmin during the 1st quarter worth $33,000. Wayfinding Financial LLC bought a new stake in shares of Garmin during the 1st quarter worth $34,000. Zions Bancorporation National Association UT bought a new stake in shares of Garmin during the 1st quarter worth $38,000. Olde Wealth Management LLC bought a new stake in shares of Garmin during the 1st quarter worth $43,000. Finally, SOA Wealth Advisors LLC. lifted its position in shares of Garmin by 27.5% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 269 shares of the scientific and technical instruments company’s stock worth $56,000 after buying an additional 58 shares during the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Cheng-Wei Wang sold 10,202 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $232.48, for a total transaction of $2,371,760.96. Following the completion of the transaction, the insider directly owned 36,092 shares in the company, valued at $8,390,668.16. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.38% of the stock is owned by company insiders.

Garmin Trading Down 2.0%

Garmin stock opened at $215.23 on Friday. The company has a market capitalization of $41.43 billion, a PE ratio of 26.51, a P/E/G ratio of 2.41 and a beta of 0.98. Garmin Ltd. has a 12 month low of $169.26 and a 12 month high of $261.69. The stock has a 50-day moving average price of $242.76 and a two-hundred day moving average price of $221.31.

Garmin (NYSE:GRMN) last issued its quarterly earnings data on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.99. Garmin had a return on equity of 19.42% and a net margin of 22.63%.The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the company earned $1.99 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. Garmin has set its FY 2025 guidance at 8.150-8.150 EPS. As a group, analysts predict that Garmin Ltd. will post 7.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

GRMN has been the subject of several recent analyst reports. Barclays upped their price objective on Garmin from $167.00 to $208.00 and gave the stock an “underweight” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on Garmin from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a research report on Wednesday, October 8th. Tigress Financial upped their price objective on Garmin from $285.00 to $305.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 30th. Finally, Morgan Stanley upped their price objective on Garmin from $193.00 to $195.00 and gave the stock an “underweight” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Garmin has a consensus rating of “Hold” and a consensus target price of $239.50.

Garmin Company Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.