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

GRMN has been the subject of several recent analyst reports. Vetr lowered Garmin from a “buy” rating to a “hold” rating and set a $43.27 price target for the company. in a research note on Wednesday, April 13th. Pacific Crest restated a “sector perform” rating on shares of Garmin in a research note on Tuesday, April 19th. Zacks Investment Research upgraded Garmin from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Friday, April 29th. Finally, Raymond James Financial Inc. restated a “buy” rating on shares of Garmin in a research note on Friday, June 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $40.84.

The firm has a market cap of $8.64 billion and a PE ratio of 18.24. The company’s 50-day moving average price is $42.79 and its 200-day moving average price is $39.80.

Garmin (NASDAQ:GRMN) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.07. The firm earned $624 million during the quarter, compared to analyst estimates of $585.91 million. Garmin’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. On average, equities analysts anticipate 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 dated Wednesday, May 11th. The shares were sold at an average price of $40.68, for a total value of $292,896.00. Following the completion of the sale, the insider now owns 27,642 shares in the company, valued at $1,124,476.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

A number of large investors have recently made changes to their positions in the stock. Russell Frank Co increased its stake in shares of 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. Deere & Co. boosted its position in shares of Garmin by 20.2% in the fourth quarter. Deere & Co. now owns 28,046 shares of the company’s stock worth $1,042,000 after buying an additional 4,714 shares during the period. Marshall Wace LLP bought a new position in shares of Garmin during the fourth quarter worth about $1,089,000. Andra AP fonden boosted its position in shares of 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 period. Finally, Advisors Asset Management Inc. boosted its position in shares of 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 period.

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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