Aberdeen Group plc Sells 2,579 Shares of Garmin Ltd. $GRMN

Aberdeen Group plc cut its stake in shares of Garmin Ltd. (NYSE:GRMN) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,446 shares of the scientific and technical instruments company’s stock after selling 2,579 shares during the period. Aberdeen Group plc’s holdings in Garmin were worth $25,890,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Quaker Wealth Management LLC boosted its holdings in Garmin by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company’s stock worth $28,000 after buying an additional 264 shares during the last quarter. Richardson Financial Services Inc. raised its position in shares of Garmin by 62.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 51 shares during the period. Cornerstone Planning Group LLC boosted its stake in Garmin by 788.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 142 shares during the last quarter. Tradewinds Capital Management LLC acquired a new position in Garmin during the third quarter valued at approximately $44,000. Finally, Newbridge Financial Services Group Inc. increased its stake in Garmin by 96.9% in the second quarter. Newbridge Financial Services Group Inc. now owns 250 shares of the scientific and technical instruments company’s stock valued at $52,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 81.60% of the company’s stock.

Insider Activity at Garmin

In other news, CEO Clifton A. Pemble sold 10,431 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $206.23, for a total transaction of $2,151,185.13. Following the completion of the transaction, the chief executive officer directly owned 135,180 shares of the company’s stock, valued at $27,878,171.40. This trade represents a 7.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas G. Boessen sold 479 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $215.41, for a total transaction of $103,181.39. Following the completion of the transaction, the chief financial officer directly owned 28,488 shares of the company’s stock, valued at approximately $6,136,600.08. This trade represents a 1.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 17,073 shares of company stock valued at $3,540,774. 15.38% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GRMN. Longbow Research raised shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, December 3rd. Tigress Financial reaffirmed a “strong-buy” rating on shares of Garmin in a research note on Friday, December 19th. Morgan Stanley boosted their target price on Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. Finally, Barclays upgraded Garmin from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $208.00 to $217.00 in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.40.

Key Stories Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Analysts expect double-digit revenue growth for Q4 driven by fitness wearables, marine products and aviation systems — a catalyst for upside if guidance or margins beat. Garmin to Report Q4 Earnings: What’s in Store for the Stock?
• Positive Sentiment: Garmin introduced the Garmin Catalyst 2, a motorsports performance device—product expansion that can help drive incremental hardware sales in niche high-margin segments. Optimize time on the track with the cutting-edge Garmin Catalyst 2
• Positive Sentiment: Garmin launched the zūmo XT3 for motorcycles—another product refresh that supports sustained wearable/GPS hardware revenue. Lean into the ride on the open road or closed track with zūmo XT3 from Garmin
• Positive Sentiment: Brokerage consensus remains constructive overall with an average “Moderate Buy” rating, which supports demand if fundamentals stay on track. Garmin Ltd. Receives Average Recommendation of “Moderate Buy” from Brokerages
• Neutral Sentiment: Preview pieces note wearables strength but warn margins could be tested heading into earnings—mixed news that could mute upside if margin pressure appears. Garmin earnings on deck: Wearables strength faces margin test
• Negative Sentiment: Analysts have been cautious after underperformance versus the market over the past year, which could limit near-term multiple expansion absent a clear beat. Garmin Stock: Analyst Estimates & Ratings
• Negative Sentiment: Garmin CFO Douglas Boessen sold 479 shares (~1.65% reduction in his reported position), a disclosure that some investors view as a modest negative signal on insider confidence. SEC Filing: Insider Sale

Garmin Price Performance

GRMN opened at $217.62 on Wednesday. The company has a market capitalization of $41.86 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 2.27 and a beta of 1.00. The business’s 50-day moving average price is $206.83 and its two-hundred day moving average price is $220.21. Garmin Ltd. has a 1 year low of $169.26 and a 1 year high of $261.69.

Garmin 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.