Garmin (NYSE:GRMN) Director Sean Biddlecombe Sells 986 Shares of Stock

Garmin Ltd. (NYSE:GRMN) Director Sean Biddlecombe sold 986 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $292.88, for a total value of $288,779.68. Following the completion of the transaction, the director directly owned 6,021 shares of the company’s stock, valued at $1,763,430.48. This trade represents a 14.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Garmin Price Performance

Shares of Garmin stock opened at $295.17 on Friday. The business’s fifty day moving average price is $243.03 and its two-hundred day moving average price is $237.09. The company has a market capitalization of $56.92 billion, a P/E ratio of 30.43, a PEG ratio of 3.42 and a beta of 0.90. Garmin Ltd. has a 1-year low of $186.67 and a 1-year high of $304.00.

Garmin (NYSE:GRMN) last announced its quarterly earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.51. Garmin had a return on equity of 20.95% and a net margin of 24.47%.The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm posted $2.17 EPS. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. On average, research analysts expect that Garmin Ltd. will post 9.8 earnings per share for the current fiscal year.

More Garmin News

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Q2 beat and higher guidance: Garmin reported adjusted earnings of $2.81 per share, exceeding expectations of $2.30, while revenue increased 11.4% year over year to $2.02 billion. Growth was supported by strong demand for fitness products and advanced wearables. The company also raised its fiscal 2026 outlook, citing stronger margins and demand. Garmin Tops Q2 Earnings Estimates on Fitness Growth, Ups FY26 Guidance
• Positive Sentiment: Momentum and breakout: Coverage highlighted Garmin’s earnings-driven breakout and its ability to deliver growth despite a premium valuation. The stock reached a new 52-week high following the earnings beat, indicating continued investor confidence in its product portfolio and operating performance. Garmin Stock Breaks Out On Second-Quarter Beat, Raised Outlook
• Neutral Sentiment: Valuation debate: Analysts and financial commentary are weighing Garmin’s strong growth against a share price that may already reflect much of the improvement. This could make additional gains more dependent on continued earnings beats and guidance increases. Garmin Beats On Strong Demand, Is The Stock Now 12% Overvalued?
• Negative Sentiment: Insider selling: CEO Clifton Pemble, Vice President Joshua Maxfield and Director Sean Biddlecombe sold Garmin shares worth approximately $1.21 million, $335,000 and $289,000, respectively. Each retained a substantial position, but the cluster of sales can create a modest sentiment headwind.
• Negative Sentiment: Limited analyst upside: Morgan Stanley raised its price target to $289 from $249 but maintained an “equal weight” rating. The new target remains below the recent trading level, signaling that the firm views much of Garmin’s earnings optimism as already reflected in the stock.

Institutional Trading of Garmin

Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Garmin in the 4th quarter valued at $395,234,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Garmin in the 4th quarter worth about $214,382,000. Man Group plc raised its holdings in Garmin by 232.0% during the 4th quarter. Man Group plc now owns 812,390 shares of the scientific and technical instruments company’s stock worth $164,793,000 after buying an additional 567,711 shares during the period. Bank of America Corp DE raised its holdings in Garmin by 73.8% during the 1st quarter. Bank of America Corp DE now owns 1,295,199 shares of the scientific and technical instruments company’s stock worth $300,499,000 after buying an additional 549,954 shares during the period. Finally, Amundi lifted its stake in Garmin by 82.5% during the first quarter. Amundi now owns 1,017,314 shares of the scientific and technical instruments company’s stock valued at $236,027,000 after buying an additional 459,980 shares in the last quarter. Institutional investors and hedge funds own 81.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GRMN. JPMorgan Chase & Co. increased their target price on shares of Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Wall Street Zen downgraded shares of Garmin from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Zacks Research lowered shares of Garmin from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Barclays increased their price objective on shares of Garmin from $238.00 to $297.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $289.20.

Garmin Company 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.