Regency Capital Management Inc. DE Acquires New Shares in Garmin Ltd. $GRMN

Regency Capital Management Inc. DE acquired a new stake in Garmin Ltd. (NYSE:GRMN) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,462 shares of the scientific and technical instruments company’s stock, valued at approximately $2,731,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GRMN. Brighton Jones LLC lifted its position in Garmin by 31.3% in the 4th quarter. Brighton Jones LLC now owns 1,943 shares of the scientific and technical instruments company’s stock valued at $401,000 after acquiring an additional 463 shares in the last quarter. NewEdge Advisors LLC lifted its position in Garmin by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 5,885 shares of the scientific and technical instruments company’s stock valued at $1,278,000 after acquiring an additional 345 shares in the last quarter. Woodline Partners LP lifted its position in Garmin by 40.6% in the 1st quarter. Woodline Partners LP now owns 13,017 shares of the scientific and technical instruments company’s stock valued at $2,826,000 after acquiring an additional 3,757 shares in the last quarter. Focus Partners Wealth lifted its position in Garmin by 51.1% in the 1st quarter. Focus Partners Wealth now owns 6,811 shares of the scientific and technical instruments company’s stock valued at $1,479,000 after acquiring an additional 2,304 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its stake in Garmin by 17.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,662 shares of the scientific and technical instruments company’s stock valued at $347,000 after acquiring an additional 242 shares during the period. 81.60% of the stock is owned by institutional investors.

Garmin Stock Up 2.0%

Shares of NYSE:GRMN opened at $242.66 on Friday. The firm’s 50 day moving average price is $244.79 and its 200-day moving average price is $225.10. Garmin Ltd. has a twelve month low of $186.67 and a twelve month high of $273.32. The stock has a market capitalization of $46.80 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 2.81 and a beta of 0.91.

Garmin (NYSE:GRMN) last issued its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.24. Garmin had a net margin of 23.26% and a return on equity of 20.07%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the business earned $1.61 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Analysts expect that Garmin Ltd. will post 9.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.