Shares of Garmin Ltd. (NASDAQ:GRMN) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $46.14 and last traded at $45.76, with a volume of 416,023 shares traded. The stock had previously closed at $46.05.

GRMN has been the subject of several analyst reports. JPMorgan Chase & Co. reissued a “sell” rating and issued a $38.00 price objective on shares of Garmin in a research note on Wednesday, July 20th. Vetr raised shares of Garmin from a “hold” rating to a “buy” rating and set a $45.70 price target for the company in a research note on Tuesday, April 19th. Raymond James Financial Inc. reaffirmed a “buy” rating on shares of Garmin in a research note on Friday, June 10th. Zacks Investment Research raised shares of Garmin from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Finally, Pacific Crest reaffirmed a “sector perform” rating on shares of Garmin in a research note on Tuesday, April 19th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Garmin presently has a consensus rating of “Hold” and an average price target of $41.04.

The firm has a market cap of $8.66 billion and a P/E ratio of 18.2897. The stock’s 50-day moving average is $43.07 and its 200 day moving average is $39.95.

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

In related news, insider Pao-Chang Huang sold 7,200 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $40.68, for a total transaction of $292,896.00. Following the completion of the sale, the insider now owns 27,642 shares of the company’s stock, valued at approximately $1,124,476.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

A number of hedge funds have made changes to their positions in GRMN. Lapides Asset Management LLC boosted its stake in shares of Garmin by 3.4% in the fourth quarter. Lapides Asset Management LLC now owns 102,400 shares of the company’s stock valued at $3,806,000 after buying an additional 3,400 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of Garmin by 2.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 227,802 shares of the company’s stock valued at $7,987,000 after buying an additional 6,527 shares in the last quarter. Advisors Asset Management Inc. boosted its stake 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 valued at $2,593,000 after buying an additional 2,821 shares in the last quarter. Russell Frank Co boosted 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 valued at $1,042,000 after buying an additional 1,155 shares in the last quarter. Finally, BHF Kleinwort Benson Group S.A. acquired a new stake in shares of Garmin during the fourth quarter valued at about $24,023,000.

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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