Vanguard Group Inc. Acquires 499,235 Shares of Garmin Ltd. $GRMN

Vanguard Group Inc. lifted its holdings in Garmin Ltd. (NYSE:GRMN) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,197,564 shares of the scientific and technical instruments company’s stock after acquiring an additional 499,235 shares during the period. Vanguard Group Inc. owned 10.50% of Garmin worth $4,973,044,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Andra AP fonden increased its stake in shares of Garmin by 87.2% during the second quarter. Andra AP fonden now owns 67,000 shares of the scientific and technical instruments company’s stock valued at $13,984,000 after buying an additional 31,200 shares during the period. Penserra Capital Management LLC lifted its stake in Garmin by 43.4% in the third quarter. Penserra Capital Management LLC now owns 22,496 shares of the scientific and technical instruments company’s stock worth $5,538,000 after acquiring an additional 6,806 shares during the period. First Horizon Advisors Inc. grew its holdings in Garmin by 4.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 121,552 shares of the scientific and technical instruments company’s stock worth $25,370,000 after acquiring an additional 4,943 shares in the last quarter. EFG Asset Management Americas Corp. increased its position in Garmin by 34.1% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 10,455 shares of the scientific and technical instruments company’s stock valued at $2,182,000 after purchasing an additional 2,659 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Garmin by 25.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,584 shares of the scientific and technical instruments company’s stock valued at $5,314,000 after purchasing an additional 4,437 shares in the last quarter. 81.60% of the stock is owned by institutional investors.

Garmin Stock Performance

Garmin stock opened at $217.62 on Wednesday. The business’s 50-day simple moving average is $206.83 and its two-hundred day simple moving average is $220.21. The company has a market cap of $41.86 billion, a PE ratio of 26.80, a PEG ratio of 2.27 and a beta of 1.00. Garmin Ltd. has a fifty-two week low of $169.26 and a fifty-two week high of $261.69.

Garmin (NYSE:GRMN) last released its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.40. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.01 billion. Garmin had a return on equity of 19.42% and a net margin of 22.63%.Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, analysts predict that Garmin Ltd. will post 7.8 EPS for the current fiscal year.

Insider Transactions at Garmin

In related news, CFO Douglas G. Boessen sold 479 shares of the business’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 in the company, valued at $6,136,600.08. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Clifton A. Pemble sold 10,431 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $206.23, for a total value of $2,151,185.13. Following the sale, the chief executive officer directly owned 135,180 shares in the company, valued at $27,878,171.40. This represents a 7.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,073 shares of company stock worth $3,540,774 over the last 90 days. 15.38% of the stock is currently owned by company insiders.

More Garmin News

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Garmin issued FY‑2026 guidance of $9.35 EPS and $7.9B revenue, above consensus (EPS ~8.51; revenue ~7.4B) — a clear beat/raise that likely drove optimism about forward earnings power.
• Positive Sentiment: Q4 results beat: GAAP EPS $2.79 vs. $2.39 est. and revenue $2.12B vs. $2.01B est., with strong net margin (~22.6%) and ROE (~19.4%) — confirms near‑term demand and supports the loftier guidance. Garmin announces fourth quarter and fiscal year 2025 results
• Positive Sentiment: Capital returns and shareholder signal: Garmin reported record revenue/profit, proposed a 17% dividend increase and authorized a new $500M share‑repurchase program — these boost EPS accretion and shareholder yield. Record quarter, dividend increase, repurchase
• Positive Sentiment: Product cadence: new device launches (Garmin Catalyst 2 and zūmo XT3) broaden hardware offerings and help sustain wearable/GPS revenue momentum. Garmin Catalyst 2 zūmo XT3
• Neutral Sentiment: Analyst commentary is mixed: previews flagged double‑digit revenue growth led by wearables/marine/aviation but warned margins could be tested — results beat, but margin trajectory will drive follow‑through. Earnings preview: margin watch
• Negative Sentiment: Insider selling: CFO Douglas Boessen sold 479 shares (~$103k), a small reduction in his stake that some investors view as a modest negative signal on insider conviction. Insider Selling: CFO sale

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Garmin in a report on Thursday, January 22nd. Tigress Financial reaffirmed a “strong-buy” rating on shares of Garmin in a research report on Friday, December 19th. Longbow Research raised Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, December 3rd. Morgan Stanley raised their price objective on Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a research report on Thursday, October 30th. Finally, Barclays upgraded shares of Garmin from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock 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 assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Garmin has an average rating of “Moderate Buy” and a consensus target price of $244.40.

About Garmin

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.