Garmin Ltd. $GRMN Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its stake in shares of Garmin Ltd. (NYSE:GRMN) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,088 shares of the scientific and technical instruments company’s stock after selling 2,545 shares during the period. Commonwealth Equity Services LLC’s holdings in Garmin were worth $5,089,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GraniteShares Advisors LLC acquired a new stake in Garmin during the fourth quarter worth about $41,000. Torren Management LLC acquired a new stake in Garmin during the fourth quarter worth about $41,000. Elyxium Wealth LLC acquired a new stake in Garmin during the fourth quarter worth about $60,000. State of Wyoming grew its holdings in Garmin by 26.2% in the fourth quarter. State of Wyoming now owns 352 shares of the scientific and technical instruments company’s stock valued at $71,000 after purchasing an additional 73 shares during the period. Finally, Camelot Portfolios LLC acquired a new stake in Garmin in the fourth quarter valued at approximately $81,000. 81.60% of the stock is owned by institutional investors and hedge funds.

Garmin Price Performance

Shares of NYSE:GRMN opened at $236.62 on Friday. The business’s 50 day moving average price is $244.62 and its 200-day moving average price is $225.18. The firm has a market capitalization of $45.63 billion, a PE ratio of 26.38, a P/E/G ratio of 2.79 and a beta of 0.91. Garmin Ltd. has a 1 year low of $186.67 and a 1 year high of $273.32.

Garmin (NYSE:GRMN) last announced its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 EPS 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 firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business posted $1.61 earnings per share. The firm’s 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, analysts expect that Garmin Ltd. will post 9.53 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on GRMN. Wall Street Zen raised Garmin from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research lowered Garmin from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Tigress Financial raised their price objective on Garmin from $320.00 to $325.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 20th. Barclays dropped their price objective on Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $269.40.

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.