National Pension Service Grows Stock Holdings in Garmin Ltd. $GRMN

National Pension Service raised its position in shares of Garmin Ltd. (NYSE:GRMN) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 329,090 shares of the scientific and technical instruments company’s stock after buying an additional 37,212 shares during the period. National Pension Service owned about 0.17% of Garmin worth $66,756,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Daymark Wealth Partners LLC boosted its holdings in Garmin by 0.7% in the fourth quarter. Daymark Wealth Partners LLC now owns 6,813 shares of the scientific and technical instruments company’s stock valued at $1,382,000 after purchasing an additional 48 shares during the period. SYM FINANCIAL Corp boosted its holdings in Garmin by 4.0% in the third quarter. SYM FINANCIAL Corp now owns 1,294 shares of the scientific and technical instruments company’s stock valued at $319,000 after purchasing an additional 50 shares during the period. S.A. Mason LLC boosted its holdings in Garmin by 2.4% in the fourth quarter. S.A. Mason LLC now owns 2,150 shares of the scientific and technical instruments company’s stock valued at $436,000 after purchasing an additional 50 shares during the period. Quadrant Capital Group LLC boosted its holdings in Garmin by 1.0% in the third quarter. Quadrant Capital Group LLC now owns 4,917 shares of the scientific and technical instruments company’s stock valued at $1,211,000 after purchasing an additional 51 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Garmin by 0.7% in the third quarter. Wealthcare Advisory Partners LLC now owns 7,724 shares of the scientific and technical instruments company’s stock valued at $1,902,000 after purchasing an additional 53 shares during the period. 81.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on GRMN. Zacks Research lowered Garmin from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Morgan Stanley set a $249.00 target price on Garmin in a report on Thursday, April 30th. Tigress Financial lifted their target price on Garmin from $320.00 to $325.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. lifted their target price on Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Finally, Barclays decreased their target price on Garmin from $240.00 to $238.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Garmin has a consensus rating of “Moderate Buy” and an average price target of $269.40.

Garmin Price Performance

Shares of NYSE GRMN opened at $234.00 on Friday. The company has a market capitalization of $45.13 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 2.76 and a beta of 0.94. The business has a 50-day moving average of $244.55 and a two-hundred day moving average of $223.74. 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 results on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.24. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Garmin had a return on equity of 20.07% and a net margin of 23.26%.Garmin’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.61 EPS. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, equities research analysts expect that Garmin Ltd. will post 9.53 earnings per share for the current year.

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.