Shares of Garmin Ltd. (NASDAQ:GRMN) hit a new 52-week high during trading on Monday . The company traded as high as $45.56 and last traded at $45.44, with a volume of 347,528 shares. The stock had previously closed at $45.01.

A number of brokerages have recently commented on GRMN. Zacks Investment Research upgraded Garmin from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Friday, April 29th. Vetr downgraded Garmin from a “buy” rating to a “hold” rating and set a $43.27 target price on the stock. in a research note on Wednesday, April 13th. Pacific Crest reaffirmed a “sector perform” rating on shares of Garmin in a report on Tuesday, April 19th. Finally, Raymond James Financial Inc. reaffirmed a “buy” rating on shares of Garmin in a report on Friday, June 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Garmin has an average rating of “Hold” and an average price target of $40.84.

The stock’s 50 day moving average price is $42.59 and its 200-day moving average price is $39.66. The company has a market capitalization of $8.63 billion and a price-to-earnings ratio of 18.23.

Garmin (NASDAQ:GRMN) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $624 million for the quarter, compared to the consensus estimate of $585.91 million. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 EPS. Equities research analysts predict that Garmin Ltd. will post $2.29 EPS for the current fiscal year.

In related news, insider Pao-Chang Huang sold 7,200 shares of the firm’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $40.68, for a total value of $292,896.00. Following the transaction, the insider now directly owns 27,642 shares in the company, valued at approximately $1,124,476.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

A number of hedge funds and institutional investors have recently bought and sold shares of the stock. Russell Frank Co raised its position in Garmin by 4.3% in the fourth quarter. Russell Frank Co now owns 27,917 shares of the company’s stock worth $1,042,000 after buying an additional 1,155 shares during the last quarter. Andra AP fonden raised its position in Garmin by 5.2% in the fourth quarter. Andra AP fonden now owns 50,500 shares of the company’s stock worth $1,877,000 after buying an additional 2,500 shares during the last quarter. Advisors Asset Management Inc. raised its position in Garmin by 4.2% in the fourth quarter. Advisors Asset Management Inc. now owns 69,750 shares of the company’s stock worth $2,593,000 after buying an additional 2,821 shares during the last quarter. Swiss National Bank raised its position in Garmin by 1.4% in the fourth quarter. Swiss National Bank now owns 207,448 shares of the company’s stock worth $7,711,000 after buying an additional 2,900 shares during the last quarter. Finally, Lapides Asset Management LLC raised its position in Garmin by 3.4% in the fourth quarter. Lapides Asset Management LLC now owns 102,400 shares of the company’s stock worth $3,806,000 after buying an additional 3,400 shares during the last quarter.

Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. Garmin designs, develops, manufactures, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor-based and information products.

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