Vanguard Personalized Indexing Management LLC Purchases 304 Shares of Garmin Ltd. $GRMN

Vanguard Personalized Indexing Management LLC grew its position in Garmin Ltd. (NYSE:GRMN) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,193 shares of the scientific and technical instruments company’s stock after acquiring an additional 304 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Garmin were worth $5,467,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Groupe la Francaise acquired a new position in shares of Garmin in the 1st quarter worth approximately $33,000. TFC Financial Management Inc. raised its holdings in shares of Garmin by 1,633.3% in the 1st quarter. TFC Financial Management Inc. now owns 156 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 147 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of Garmin in the 1st quarter worth approximately $34,000. Zions Bancorporation National Association UT acquired a new position in shares of Garmin in the 1st quarter worth approximately $38,000. Finally, Garde Capital Inc. acquired a new position in shares of Garmin in the 1st quarter worth approximately $40,000. Institutional investors own 81.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Garmin in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on Garmin from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Morgan Stanley lifted their target price on Garmin from $186.00 to $193.00 and gave the company an “underweight” rating in a research note on Friday, September 19th. Barclays reissued an “underweight” rating and issued a $167.00 target price (up from $152.00) on shares of Garmin in a research note on Wednesday, July 30th. Finally, Tigress Financial lifted their price target on shares of Garmin from $285.00 to $305.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $228.75.

Insider Buying and Selling

In other Garmin news, insider Cheng-Wei Wang sold 10,202 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $232.48, for a total transaction of $2,371,760.96. Following the sale, the insider directly owned 36,092 shares of the company’s stock, valued at $8,390,668.16. The trade was a 22.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 19.54% of the stock is owned by company insiders.

Garmin Stock Performance

Shares of NYSE GRMN opened at $251.35 on Tuesday. The stock has a market cap of $48.38 billion, a P/E ratio of 30.99, a P/E/G ratio of 2.72 and a beta of 0.98. The firm has a 50 day moving average price of $239.42 and a 200 day moving average price of $216.75. Garmin Ltd. has a 52-week low of $160.95 and a 52-week high of $261.69.

Garmin (NYSE:GRMN) last released its quarterly earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.27. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Garmin had a net margin of 23.21% and a return on equity of 20.00%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. Garmin has set its FY 2025 guidance at 8.000-8.000 EPS. Analysts predict that Garmin Ltd. will post 7.8 earnings per share for the current fiscal year.

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.